Globe Life Inc. (NYSE:GL - Get Free Report) EVP Michael Clay Majors sold 34,000 shares of the company's stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $153.81, for a total transaction of $5,229,540.00. Following the transaction, the executive vice president owned 53,518 shares in the company, valued at $8,231,603.58. This represents a 38.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Michael Clay Majors also recently made the following trade(s):
- On Friday, February 6th, Michael Clay Majors sold 30,000 shares of Globe Life stock. The shares were sold at an average price of $146.89, for a total value of $4,406,700.00.
Globe Life Stock Performance
Shares of Globe Life stock opened at $152.17 on Tuesday. The business has a 50-day simple moving average of $143.82 and a 200 day simple moving average of $139.68. Globe Life Inc. has a one year low of $111.13 and a one year high of $155.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of 10.52 and a beta of 0.47.
Globe Life (NYSE:GL - Get Free Report) last announced 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). Globe Life had a return on equity of 21.30% and a net margin of 19.38%.The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the company posted $3.07 EPS. The firm's revenue was up 5.3% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. On average, research analysts anticipate that Globe Life Inc. will post 15.45 earnings per share for the current fiscal year.
Globe Life Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 3rd will be issued a $0.33 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Globe Life's previous quarterly dividend of $0.27. Globe Life's dividend payout ratio (DPR) is 9.13%.
Institutional Investors Weigh In On Globe Life
A number of institutional investors and hedge funds have recently bought and sold shares of GL. Mather Group LLC. bought a new position in Globe Life during the 3rd quarter valued at $28,000. CYBER HORNET ETFs LLC bought a new stake in shares of Globe Life in the 2nd quarter worth $28,000. Hilton Head Capital Partners LLC bought a new stake in shares of Globe Life in the 4th quarter worth $30,000. MUFG Securities EMEA plc purchased a new stake in shares of Globe Life in the second quarter valued at about $31,000. Finally, Quent Capital LLC purchased a new stake in shares of Globe Life in the third quarter valued at about $36,000. 81.61% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
GL has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Globe Life from a "hold (c+)" rating to a "buy (b)" rating in a research note on Monday, April 13th. Wells Fargo & Company lifted their price objective on shares of Globe Life from $171.00 to $172.00 and gave the company an "overweight" rating in a report on Friday, April 10th. Piper Sandler raised shares of Globe Life to a "strong-buy" rating in a research report on Thursday, April 2nd. Keefe, Bruyette & Woods reissued a "moderate buy" rating and set a $168.00 target price on shares of Globe Life in a research report on Thursday, March 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of Globe Life from $180.00 to $181.00 and gave the company an "overweight" rating in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $172.67.
View Our Latest Stock Report on Globe Life
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.
Further Reading
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