Brokerages Set Globe Life Inc. (NYSE:GL) Price Target at $166.22

Globe Life Inc. (NYSE:GL) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $166.2222.

A number of research firms have recently weighed in on GL. Wells Fargo & Company dropped their target price on Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Evercore ISI lowered Globe Life from an “outperform” rating to an “in-line” rating and set a $155.00 price target for the company. in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Globe Life from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. TD Cowen upped their target price on shares of Globe Life from $182.00 to $199.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Truist Financial raised their price target on shares of Globe Life from $150.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, October 24th.

Insider Buying and Selling at Globe Life

In other news, CEO Frank M. Svoboda sold 9,379 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $140.43, for a total value of $1,317,092.97. Following the completion of the transaction, the chief executive officer directly owned 35,868 shares of the company’s stock, valued at $5,036,943.24. This represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GL. Net Worth Advisory Group raised its stake in shares of Globe Life by 15.3% during the 4th quarter. Net Worth Advisory Group now owns 7,233 shares of the company’s stock worth $1,012,000 after purchasing an additional 960 shares during the period. Kathmere Capital Management LLC grew its position in Globe Life by 6.6% during the fourth quarter. Kathmere Capital Management LLC now owns 2,361 shares of the company’s stock valued at $330,000 after buying an additional 146 shares during the period. Czech National Bank increased its holdings in Globe Life by 2.0% during the fourth quarter. Czech National Bank now owns 20,991 shares of the company’s stock worth $2,936,000 after buying an additional 417 shares during the last quarter. DAVENPORT & Co LLC raised its position in Globe Life by 61.5% in the fourth quarter. DAVENPORT & Co LLC now owns 5,250 shares of the company’s stock worth $734,000 after acquiring an additional 2,000 shares during the period. Finally, Salem Investment Counselors Inc. raised its position in Globe Life by 11.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 6,000 shares of the company’s stock worth $839,000 after acquiring an additional 600 shares during the period. Institutional investors own 81.61% of the company’s stock.

Globe Life Stock Up 0.3%

Shares of NYSE GL opened at $142.37 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.07 and a quick ratio of 0.07. The company has a 50-day moving average price of $136.78 and a 200-day moving average price of $135.75. The stock has a market capitalization of $11.33 billion, a P/E ratio of 10.32 and a beta of 0.48. Globe Life has a 1 year low of $109.38 and a 1 year high of $147.83.

Globe Life (NYSE:GL) last posted its 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. Globe Life had a net margin of 19.36% and a return on equity of 21.81%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business posted $3.44 EPS. 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. On average, equities research analysts forecast that Globe Life will post 13.87 EPS for the current fiscal year.

Globe Life Announces Dividend

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

About Globe Life

Globe Life, traded on the NYSE under the symbol GL, is a U.S.-based insurance holding company that underwrites and distributes a range of life and supplemental health insurance products. Through its subsidiary brands—Globe Life, American Income Life, Liberty National Life, United American Insurance Company and Family Heritage Life—it offers term life, whole life, fixed annuities and supplemental health coverage designed to meet the needs of individuals and families across various socioeconomic segments.

The company’s product suite includes low-cost, easy-to-understand life insurance policies, accidental death and dismemberment coverage, hospital indemnity plans and specified disease insurance.