Brokerages Set Globe Life Inc. (NYSE:GL) PT at $164.89

Globe Life Inc. (NYSE:GL) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $164.8889.

GL has been the topic of several recent research reports. TD Cowen lifted their target price on shares of Globe Life from $182.00 to $199.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Morgan Stanley restated an “overweight” rating and set a $176.00 price target on shares of Globe Life in a research note on Monday. Wells Fargo & Company lowered their price objective on Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Truist Financial increased their target price on Globe Life from $150.00 to $158.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Cowen restated a “buy” rating on shares of Globe Life in a research report on Thursday, December 11th.

Insider Activity

In other news, CEO Frank M. Svoboda sold 9,379 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $140.43, for a total value of $1,317,092.97. Following the sale, the chief executive officer owned 35,868 shares in the company, valued at approximately $5,036,943.24. The trade was a 20.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.51% of the company’s stock.

Institutional Investors Weigh In On Globe Life

A number of hedge funds have recently made changes to their positions in GL. Tudor Investment Corp ET AL acquired a new position in Globe Life in the third quarter valued at about $7,348,000. IFP Advisors Inc raised its stake in shares of Globe Life by 21.5% in the third quarter. IFP Advisors Inc now owns 1,686 shares of the company’s stock valued at $243,000 after acquiring an additional 298 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of Globe Life by 74.5% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 3,759 shares of the company’s stock worth $537,000 after acquiring an additional 1,605 shares in the last quarter. Groupama Asset Managment acquired a new position in shares of Globe Life in the 3rd quarter worth approximately $725,000. Finally, CIBC Bancorp USA Inc. bought a new stake in Globe Life during the 3rd quarter worth approximately $1,183,000. Institutional investors and hedge funds own 81.61% of the company’s stock.

Globe Life Stock Performance

Shares of NYSE GL opened at $138.52 on Tuesday. The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 10.04 and a beta of 0.48. Globe Life has a one year low of $104.06 and a one year high of $147.83. The business has a fifty day simple moving average of $134.17 and a 200 day simple moving average of $132.96. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.41.

Globe Life (NYSE:GL) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.54 by $0.27. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.52 billion. Globe Life had a net margin of 19.36% and a return on equity of 21.81%. During the same quarter in the previous year, the company earned $3.44 earnings per share. Globe Life has set its FY 2026 guidance at 14.600-15.300 EPS and its FY 2025 guidance at 14.400-14.600 EPS. Sell-side analysts expect that Globe Life will post 13.87 EPS for the current year.

Globe Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 5th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.8%. Globe Life’s dividend payout ratio (DPR) is presently 7.83%.

About Globe Life

Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates in four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.