Globe Life (NYSE:GL) CFO Sells $2,402,625.05 in Stock

Globe Life Inc. (NYSE:GL) CFO Thomas Peter Kalmbach sold 15,637 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $153.65, for a total value of $2,402,625.05. Following the completion of the transaction, the chief financial officer owned 45,335 shares in the company, valued at approximately $6,965,722.75. This represents a 25.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Thomas Peter Kalmbach also recently made the following trade(s):

• On Friday, May 8th, Thomas Peter Kalmbach sold 11,790 shares of Globe Life stock. The shares were sold at an average price of $152.02, for a total value of $1,792,315.80.

Globe Life Price Performance

Globe Life stock opened at $154.44 on Friday. The business’s 50-day simple moving average is $145.76 and its 200 day simple moving average is $141.04. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 10.68 and a beta of 0.50. Globe Life Inc. has a 12-month low of $116.73 and a 12-month high of $156.69. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.38.

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

Globe Life Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.32 annualized dividend and a yield of 0.9%. Globe Life’s dividend payout ratio is presently 9.13%.

Analyst Ratings Changes

Several research firms have weighed in on GL. Evercore set a $157.00 target price on Globe Life in a research note on Wednesday, February 18th. Wells Fargo & Company increased their target price on Globe Life from $171.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Weiss Ratings raised Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Piper Sandler raised Globe Life to a “strong-buy” rating in a research note on Thursday, April 2nd. Finally, Truist Financial increased their target price on Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $172.67.

Institutional Investors Weigh In On Globe Life

A number of hedge funds have recently modified their holdings of GL. Norges Bank acquired a new stake in shares of Globe Life during the fourth quarter worth about $155,617,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Globe Life by 34,786.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 881,919 shares of the company’s stock worth $123,345,000 after purchasing an additional 879,391 shares during the period. AQR Capital Management LLC raised its position in shares of Globe Life by 98.6% during the second quarter. AQR Capital Management LLC now owns 1,402,690 shares of the company’s stock worth $174,340,000 after purchasing an additional 696,548 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Globe Life during the third quarter worth about $80,925,000. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Globe Life during the third quarter worth about $61,569,000. Institutional investors and hedge funds own 81.61% of the company’s stock.

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.