Globe Life (NYSE:GL) Hits New 1-Year High – What’s Next?

Shares of Globe Life Inc. (NYSE:GL) hit a new 52-week high on Monday . The company traded as high as $157.73 and last traded at $157.4740, with a volume of 39183 shares trading hands. The stock had previously closed at $155.04.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on Globe Life from $171.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Piper Sandler raised Globe Life to a “strong-buy” rating in a report on Thursday, April 2nd. Truist Financial increased their price objective on Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday, April 24th. Evercore set a $157.00 price objective on Globe Life in a report on Wednesday, February 18th. Finally, Keefe, Bruyette & Woods reissued a “moderate buy” rating and issued a $168.00 price objective on shares of Globe Life in a report on Thursday, March 26th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $172.67.

Globe Life Stock Performance

The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 10.87 and a beta of 0.50. The firm has a fifty day moving average of $145.97 and a 200 day moving average of $141.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.07 and a quick ratio of 0.07.

Globe Life (NYSE:GL) last posted its earnings results on Wednesday, April 22nd. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.46 by ($0.03). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. Globe Life had a return on equity of 20.94% and a net margin of 19.38%.The firm’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $3.07 earnings per share. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. On average, sell-side analysts anticipate that Globe Life Inc. will post 15.56 earnings per share for the current fiscal year.

Globe Life Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, July 6th. Globe Life’s dividend payout ratio (DPR) is 9.13%.

Insider Activity

In related news, CEO Frank M. Svoboda sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $144.78, for a total transaction of $1,809,750.00. Following the sale, the chief executive officer directly owned 35,868 shares of the company’s stock, valued at $5,192,969.04. This trade represents a 25.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert Edward Hensley sold 712 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $142.59, for a total value of $101,524.08. Following the sale, the executive vice president directly owned 8,580 shares in the company, valued at approximately $1,223,422.20. This trade represents a 7.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 107,147 shares of company stock valued at $16,086,366 over the last 90 days. Company insiders own 2.11% of the company’s stock.

Hedge Funds Weigh In On Globe Life

A number of hedge funds have recently bought and sold shares of GL. CYBER HORNET ETFs LLC purchased a new position in Globe Life during the second quarter worth approximately $28,000. Hilton Head Capital Partners LLC purchased a new position in Globe Life during the fourth quarter worth approximately $30,000. MUFG Securities EMEA plc purchased a new position in Globe Life during the second quarter worth approximately $31,000. Quent Capital LLC purchased a new position in Globe Life during the third quarter worth approximately $36,000. Finally, Torren Management LLC purchased a new position in Globe Life during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 81.61% 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.