Globe Life Inc. $GL Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its holdings in Globe Life Inc. (NYSE:GL) by 39.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,777 shares of the company’s stock after selling 11,089 shares during the quarter. ProShare Advisors LLC’s holdings in Globe Life were worth $2,399,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Candriam S.C.A. grew its stake in Globe Life by 25.3% during the 3rd quarter. Candriam S.C.A. now owns 181,435 shares of the company’s stock worth $25,940,000 after purchasing an additional 36,646 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Globe Life by 19.7% during the third quarter. Smartleaf Asset Management LLC now owns 2,513 shares of the company’s stock worth $361,000 after buying an additional 413 shares in the last quarter. Canada Post Corp Registered Pension Plan increased its stake in shares of Globe Life by 44.4% during the third quarter. Canada Post Corp Registered Pension Plan now owns 1,560 shares of the company’s stock worth $224,000 after buying an additional 480 shares during the period. Castlekeep Investment Advisors LLC raised its holdings in Globe Life by 25.1% in the third quarter. Castlekeep Investment Advisors LLC now owns 13,604 shares of the company’s stock valued at $1,945,000 after acquiring an additional 2,733 shares in the last quarter. Finally, Savant Capital LLC lifted its stake in Globe Life by 3.6% in the third quarter. Savant Capital LLC now owns 69,864 shares of the company’s stock worth $9,988,000 after acquiring an additional 2,402 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GL shares. TD Cowen reissued a “buy” rating on shares of Globe Life in a research report on Thursday, December 11th. Evercore lowered Globe Life from an “outperform” rating to an “in-line” rating and set a $155.00 target price on the stock. in a report on Tuesday, January 6th. Weiss Ratings raised Globe Life from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Keefe, Bruyette & Woods increased their price objective on Globe Life from $160.00 to $162.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Finally, Truist Financial boosted their target price on Globe Life from $158.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.00.

Globe Life Stock Up 0.2%

GL opened at $144.46 on Friday. Globe Life Inc. has a one year low of $109.38 and a one year high of $152.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market capitalization of $11.50 billion, a P/E ratio of 10.26 and a beta of 0.47. The business’s 50-day simple moving average is $140.57 and its 200-day simple moving average is $138.41.

Globe Life (NYSE:GL) last released its quarterly earnings results on Wednesday, February 4th. The company reported $3.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.05). The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Globe Life had a return on equity of 21.75% and a net margin of 19.37%.The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.14 EPS. Globe Life has set its FY 2026 guidance at 14.950-15.650 EPS. Analysts anticipate that Globe Life Inc. will post 13.87 EPS for the current year.

Insider Buying and Selling at Globe Life

In other news, CEO Frank M. Svoboda sold 9,379 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $140.43, for a total transaction of $1,317,092.97. Following the completion of the sale, the chief executive officer owned 35,868 shares in the company, valued at approximately $5,036,943.24. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Clay Majors sold 30,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $146.89, for a total value of $4,406,700.00. Following the completion of the transaction, the executive vice president owned 47,066 shares in the company, valued at $6,913,524.74. This trade represents a 38.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 51,129 shares of company stock worth $7,414,035 in the last 90 days. Company insiders own 1.51% of the company’s stock.

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.