2,971 Shares in Globe Life Inc. $GL Acquired by Navigate Wealth Management LLC

Navigate Wealth Management LLC bought a new position in Globe Life Inc. (NYSE:GL) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 2,971 shares of the company’s stock, valued at approximately $448,000.

Several other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in Globe Life by 909.6% during the fourth quarter. SG Americas Securities LLC now owns 99,746 shares of the company’s stock worth $13,950,000 after buying an additional 89,866 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Globe Life during the 3rd quarter valued at about $7,348,000. JPMorgan Chase & Co. grew its holdings in shares of Globe Life by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 247,947 shares of the company’s stock worth $35,449,000 after purchasing an additional 24,785 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new position in shares of Globe Life during the third quarter worth about $5,862,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings 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 in the last quarter. 81.61% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Cheryl Alston sold 8,258 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $179.24, for a total value of $1,480,163.92. Following the completion of the sale, the director owned 16,621 shares of the company’s stock, valued at approximately $2,979,148.04. This represents a 33.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas Peter Kalmbach sold 7,936 shares of Globe Life stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $156.59, for a total transaction of $1,242,698.24. Following the completion of the transaction, the chief financial officer owned 50,496 shares in the company, valued at approximately $7,907,168.64. The trade was a 13.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 124,187 shares of company stock worth $19,529,414 in the last ninety days. 2.11% of the stock is currently owned by insiders.

Globe Life Stock Performance

Shares of NYSE GL opened at $179.10 on Monday. The stock has a market cap of $13.91 billion, a price-to-earnings ratio of 12.39 and a beta of 0.47. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.38. Globe Life Inc. has a 1-year low of $117.30 and a 1-year high of $182.32. The stock’s 50-day moving average is $163.71 and its 200 day moving average is $150.24.

Globe Life (NYSE:GL) last released its earnings results on Wednesday, April 22nd. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 20.94% and a net margin of 19.38%.The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.07 EPS. 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 15.64 EPS for the current fiscal year.

Globe Life Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, July 6th. Globe Life’s payout ratio is presently 9.13%.

Analyst Ratings Changes

A number of brokerages recently weighed in on GL. TD Cowen raised their target price on shares of Globe Life from $199.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Morgan Stanley boosted their price target on shares of Globe Life from $181.00 to $208.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Truist Financial increased their price target on shares of Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Texas Capital upgraded shares of Globe Life to a “strong-buy” rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings raised shares of Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Globe Life currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.70.

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.