Bull Harbor Capital LLC Acquires New Holdings in Globe Life Inc. $GL

Bull Harbor Capital LLC bought a new stake in shares of Globe Life Inc. (NYSE:GL) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 3,865 shares of the company’s stock, valued at approximately $538,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Globe Life in the second quarter valued at approximately $28,000. Hilton Head Capital Partners LLC purchased a new position in shares of Globe Life during the 4th quarter worth approximately $30,000. MUFG Securities EMEA plc acquired a new position in shares of Globe Life during the 2nd quarter worth approximately $31,000. Torren Management LLC acquired a new position in shares of Globe Life during the 4th quarter worth approximately $37,000. Finally, AdvisorNet Financial Inc lifted its stake in Globe Life by 41.1% in the 1st quarter. AdvisorNet Financial Inc now owns 316 shares of the company’s stock valued at $44,000 after buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

Globe Life Stock Down 0.5%

GL stock opened at $182.14 on Friday. The company has a 50 day moving average price of $171.52 and a two-hundred day moving average price of $154.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market capitalization of $14.14 billion, a P/E ratio of 12.09 and a beta of 0.47. Globe Life Inc. has a one year low of $127.85 and a one year high of $191.55.

Globe Life (NYSE:GL) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $3.61 earnings per share for the quarter, missing analysts’ consensus estimates of $3.67 by ($0.06). Globe Life had a return on equity of 20.73% and a net margin of 19.58%.The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the company earned $3.05 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. As a group, sell-side analysts expect that Globe Life Inc. will post 15.7 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Michael Clay Majors sold 37,000 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.64, for a total value of $6,609,680.00. Following the completion of the transaction, the executive vice president directly owned 53,518 shares in the company, valued at approximately $9,560,455.52. This represents a 40.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Thomas Peter Kalmbach sold 21,000 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $180.06, for a total value of $3,781,260.00. Following the transaction, the chief financial officer owned 50,568 shares in the company, valued at $9,105,274.08. This trade represents a 29.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 169,174 shares of company stock worth $28,553,849 in the last three months. Company insiders own 2.11% of the company’s stock.

Wall Street Analyst Weigh In

GL has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their target price on Globe Life from $181.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Weiss Ratings downgraded Globe Life from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. Keefe, Bruyette & Woods decreased their price objective on Globe Life from $192.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Morgan Stanley lifted their price objective on Globe Life from $181.00 to $208.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Finally, Piper Sandler upped their target price on shares of Globe Life from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Globe Life currently has a consensus rating of “Moderate Buy” and an average target price of $191.67.

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.