Globe Life Inc. $GL Shares Acquired by Interval Partners LP

Interval Partners LP increased its position in shares of Globe Life Inc. (NYSE:GL) by 28.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,105 shares of the company’s stock after purchasing an additional 30,390 shares during the quarter. Interval Partners LP’s holdings in Globe Life were worth $19,602,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GL. CYBER HORNET ETFs LLC purchased a new position in Globe Life during the 2nd quarter worth approximately $28,000. Mather Group LLC. purchased a new stake in shares of Globe Life in the 3rd quarter valued at $28,000. MUFG Securities EMEA plc acquired a new stake in shares of Globe Life in the second quarter worth $31,000. Quent Capital LLC acquired a new stake in shares of Globe Life in the third quarter worth $36,000. Finally, AlphaCore Capital LLC raised its holdings in shares of Globe Life by 1,557.1% during the second quarter. AlphaCore Capital LLC now owns 348 shares of the company’s stock worth $43,000 after purchasing an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Insider Buying and Selling

In other Globe Life news, EVP Michael Clay Majors sold 30,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $146.89, for a total transaction of $4,406,700.00. Following the transaction, the executive vice president owned 47,066 shares in the company, valued at approximately $6,913,524.74. This represents a 38.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Jennifer Allison Haworth sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $143.14, for a total value of $1,431,400.00. Following the completion of the sale, the chief marketing officer directly owned 17,479 shares in the company, valued at approximately $2,501,944.06. The trade was a 36.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 92,186 shares of company stock worth $13,358,379 in the last ninety days. 1.51% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Evercore set a $157.00 target price on shares of Globe Life in a research report on Wednesday, February 18th. Morgan Stanley reiterated an “overweight” rating and set a $176.00 price objective on shares of Globe Life in a research note on Monday, December 15th. Wells Fargo & Company boosted their price objective on Globe Life from $170.00 to $171.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Piper Sandler restated an “overweight” rating and issued a $167.00 target price on shares of Globe Life in a research note on Friday, November 21st. Finally, Truist Financial raised their target price on Globe Life from $158.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $171.33.

Globe Life Stock Performance

Shares of NYSE GL opened at $138.51 on Friday. The company’s fifty day moving average price is $142.07 and its 200 day moving average price is $139.01. Globe Life Inc. has a 1 year low of $109.38 and a 1 year high of $152.71. The company has a market capitalization of $10.89 billion, a PE ratio of 9.84 and a beta of 0.46. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.07 and a current ratio of 0.07.

Globe Life (NYSE:GL) last released its quarterly earnings data on Wednesday, February 4th. The company reported $3.39 earnings per share for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.05). The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Globe Life had a net margin of 19.37% and a return on equity of 21.30%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.14 EPS. Globe Life has set its FY 2026 guidance at 14.950-15.650 EPS. On average, research analysts predict that Globe Life Inc. will post 13.87 earnings per share for the current year.

Globe Life Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 3rd will be paid a $0.33 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 1.0%. This is a boost from Globe Life’s previous quarterly dividend of $0.27. Globe Life’s dividend payout ratio (DPR) is presently 7.67%.

Globe Life Company Profile

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.