Analysts Set Globe Life Inc. (NYSE:GL) Price Target at $191.67

Globe Life Inc. (NYSE:GL) has been given an average rating of “Moderate Buy” by the eleven brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $191.6667.

A number of analysts have issued reports on GL shares. Weiss Ratings raised Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. Piper Sandler boosted their price objective on Globe Life from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods reduced their price target on shares of Globe Life from $192.00 to $190.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. TD Cowen boosted their price objective on Globe Life from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Globe Life from $172.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th.

Globe Life Stock Performance

Shares of GL opened at $173.10 on Thursday. The company’s 50 day moving average price is $177.22 and its 200 day moving average price is $162.54. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.07 and a current ratio of 0.07. Globe Life has a 52 week low of $127.85 and a 52 week high of $191.55. The company has a market capitalization of $13.30 billion, a PE ratio of 11.49 and a beta of 0.46.

Globe Life (NYSE:GL) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $3.61 EPS for the quarter, missing analysts’ consensus estimates of $3.67 by ($0.06). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. Globe Life had a return on equity of 20.52% and a net margin of 19.58%.The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.05 EPS. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. Research analysts expect that Globe Life will post 15.71 EPS for the current fiscal year.

Globe Life declared that its board has initiated a share buyback program on Monday, August 10th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the company to repurchase up to 17.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

Globe Life Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Monday, October 5th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, October 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.8%. Globe Life’s dividend payout ratio (DPR) is presently 8.76%.

Insider Buying and Selling at Globe Life

In other Globe Life news, Director Cheryl Alston sold 8,258 shares of Globe Life 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 sale, the director directly owned 16,621 shares in the company, valued at approximately $2,979,148.04. The trade was a 33.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas Kalmbach sold 21,000 shares of Globe Life stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $180.06, for a total value of $3,781,260.00. Following the completion of the sale, the chief financial officer directly owned 50,568 shares in the company, valued at approximately $9,105,274.08. This represents a 29.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 141,908 shares of company stock valued at $25,573,181 over the last ninety days. 2.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Globe Life

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Globe Life in the second quarter valued at approximately $987,901,000. Dimensional Fund Advisors LP raised its holdings in shares of Globe Life by 10.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,192 shares of the company’s stock worth $327,479,000 after buying an additional 217,331 shares in the last quarter. Pzena Investment Management LLC acquired a new position in shares of Globe Life during the 2nd quarter worth $242,256,000. Arrowstreet Capital Limited Partnership boosted its stake in Globe Life by 32.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,435,247 shares of the company’s stock valued at $200,734,000 after buying an additional 355,399 shares in the last quarter. Finally, Norges Bank bought a new position in Globe Life in the fourth quarter valued at about $155,617,000. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Globe Life Company Profile

Globe Life Inc is an insurance holding company headquartered in McKinney, Texas. Through its subsidiaries, the company markets and distributes individual life insurance and supplemental health insurance products to middle-income households and other consumer segments.

Its product offerings include term and whole life insurance, mortgage protection and final expense coverage, accident and supplemental health insurance, Medicare supplement policies, and annuity products. Globe Life distributes these products through multiple channels, including direct-to-consumer marketing, agency networks, and independent agents.

The company’s principal insurance businesses include Globe Life and Accident Insurance Company, American Income Life Insurance Company, Liberty National Life Insurance Company, United American Insurance Company, and Family Heritage Life Insurance Company of America.