Key Points
- Director Mark Blinn sold 1,750 shares on Feb. 6 at an average price of $147.91 for about $258,842, cutting his ownership by 34.17% to 3,372 shares (≈$498,753).
- Globe Life reported quarterly EPS of $3.39 (missed estimates by $0.05) and revenue of $1.52B (up 3.6% YoY), and set FY2026 guidance of 14.95–15.65 EPS while sell-side forecasts for the current year are about 13.87 EPS.
- The stock carries a market cap of $11.31B and a P/E of 10.09, and analysts show a consensus of "Moderate Buy" with an average target of $171 (seven Buys, three Holds).
Globe Life Inc. (NYSE:GL - Get Free Report) Director Mark Blinn sold 1,750 shares of the company's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $147.91, for a total value of $258,842.50. Following the sale, the director owned 3,372 shares of the company's stock, valued at approximately $498,752.52. The trade was a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Globe Life Stock Up 0.4%
Shares of NYSE GL opened at $142.04 on Wednesday. The stock has a market capitalization of $11.31 billion, a P/E ratio of 10.09 and a beta of 0.47. The stock's fifty day moving average is $139.77 and its 200 day moving average is $138.29. Globe Life Inc. has a 52 week low of $109.38 and a 52 week high of $152.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.07 and a current ratio of 0.07.
Globe Life (NYSE:GL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $3.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.44 by ($0.05). Globe Life had a return on equity of 21.75% and a net margin of 19.37%.The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the company earned $3.14 earnings per share. The company's quarterly revenue was up 3.6% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 14.950-15.650 EPS. Sell-side analysts forecast that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Morgan Stanley restated an "overweight" rating and set a $176.00 price objective on shares of Globe Life in a research report on Monday, December 15th. Evercore cut Globe Life from an "outperform" rating to an "in-line" rating and set a $155.00 price target for the company. in a report on Tuesday, January 6th. Piper Sandler restated an "overweight" rating and set a $167.00 price objective on shares of Globe Life in a research report on Friday, November 21st. Wells Fargo & Company reduced their price objective on Globe Life from $172.00 to $170.00 and set an "overweight" rating on the stock in a research note on Friday, October 24th. Finally, JPMorgan Chase & Co. boosted their target price on Globe Life from $180.00 to $181.00 and gave the stock an "overweight" rating in a research note on Thursday, February 5th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $171.00.
Get Our Latest Analysis on GL
Institutional Investors Weigh In On Globe Life
Several hedge funds have recently modified their holdings of the company. Synergy Asset Management LLC raised its holdings in Globe Life by 1,022.7% in the 3rd quarter. Synergy Asset Management LLC now owns 100,603 shares of the company's stock valued at $14,240,000 after buying an additional 91,642 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in Globe Life during the 3rd quarter worth approximately $2,985,000. Retirement Systems of Alabama acquired a new position in Globe Life in the 3rd quarter valued at approximately $2,470,000. Allianz Asset Management GmbH raised its stake in shares of Globe Life by 55.2% during the third quarter. Allianz Asset Management GmbH now owns 82,263 shares of the company's stock valued at $11,761,000 after acquiring an additional 29,256 shares during the last quarter. Finally, MGO One Seven LLC acquired a new position in shares of Globe Life during the third quarter worth $1,364,000. Institutional investors and hedge funds own 81.61% of the company's stock.
About Globe Life
(
Get Free Report)
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.
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