Globe Life Inc. (NYSE:GL - Get Free Report) CEO Frank Svoboda sold 10,000 shares of Globe Life stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $166.68, for a total value of $1,666,800.00. Following the completion of the transaction, the chief executive officer directly owned 54,020 shares of the company's stock, valued at approximately $9,004,053.60. This represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Globe Life Price Performance
GL opened at $167.44 on Tuesday. The stock has a 50-day moving average price of $153.38 and a 200-day moving average price of $144.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market cap of $13.00 billion, a PE ratio of 11.58 and a beta of 0.49. Globe Life Inc. has a 1 year low of $116.73 and a 1 year high of $169.58.
Globe Life (NYSE:GL - Get Free Report) last issued 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). Globe Life had a return on equity of 20.94% and a net margin of 19.38%.The business had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.56 billion. During the same period last year, the firm posted $3.07 EPS. Globe Life's quarterly revenue was up 5.3% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Sell-side analysts predict that Globe Life Inc. will post 15.64 earnings per share for the current fiscal year.
Globe Life Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.32 dividend on an annualized basis and a yield of 0.8%. Globe Life's payout ratio is 9.13%.
Wall Street Analysts Forecast Growth
GL has been the subject of a number of recent analyst reports. Evercore set a $157.00 target price on Globe Life in a research report on Wednesday, February 18th. Weiss Ratings raised Globe Life from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, May 13th. Morgan Stanley boosted their target price on Globe Life from $176.00 to $181.00 and gave the stock an "overweight" rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods reissued a "moderate buy" rating and issued a $168.00 target price on shares of Globe Life in a research report on Thursday, March 26th. Finally, Wells Fargo & Company boosted their target price on Globe Life from $171.00 to $172.00 and gave the stock an "overweight" rating in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.11.
Get Our Latest Stock Analysis on GL
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC bought a new position in shares of Globe Life during the 4th quarter valued at approximately $30,000. CYBER HORNET ETFs LLC bought a new position in shares of Globe Life during the 2nd quarter valued at approximately $28,000. MUFG Securities EMEA plc bought a new position in shares of Globe Life during the 2nd quarter valued at approximately $31,000. Torren Management LLC bought a new position in shares of Globe Life during the 4th quarter valued at approximately $37,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Globe Life by 41.1% during the 1st quarter. AdvisorNet Financial Inc now owns 316 shares of the company's stock valued at $44,000 after acquiring an additional 92 shares during the period. 81.61% of the stock is currently owned by institutional investors.
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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