Key Points
- Director Cheryl Alston sold 8,258 shares of Globe Life at an average price of $179.24, reducing her stake by about 33.2% and generating roughly $1.48 million in proceeds.
- Globe Life recently reported quarterly EPS of $3.43, missing analyst expectations by $0.03, while revenue came in at $1.56 billion and rose 5.3% year over year.
- The company declared a quarterly dividend of $0.33 per share, implying an annualized yield of about 0.7%, and analysts currently rate the stock a Moderate Buy with a consensus target price of $175.89.
Globe Life Inc. (NYSE:GL - Get Free Report) 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 of the company's stock, valued at approximately $2,979,148.04. The trade was a 33.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Globe Life Stock Performance
Shares of NYSE GL opened at $179.28 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.07 and a quick ratio of 0.07. Globe Life Inc. has a one year low of $116.73 and a one year high of $181.15. The business's 50-day moving average price is $158.33 and its two-hundred day moving average price is $147.32. The company has a market capitalization of $13.92 billion, a P/E ratio of 12.40 and a beta of 0.49.
Globe Life (NYSE:GL - Get Free Report) last posted its quarterly 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). The firm had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.56 billion. Globe Life had a return on equity of 20.94% and a net margin of 19.38%.The firm's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the business earned $3.07 earnings per share. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Analysts anticipate that Globe Life Inc. will post 15.64 earnings per share for the current fiscal year.
Globe Life Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a $0.33 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.32 dividend on an annualized basis and a yield of 0.7%. Globe Life's dividend payout ratio is currently 9.13%.
Analysts Set New Price Targets
A number of analysts have issued reports on GL shares. Wells Fargo & Company lifted their target price on shares of Globe Life from $171.00 to $172.00 and gave the company an "overweight" rating in a research note on Friday, April 10th. Morgan Stanley increased their price target on shares of Globe Life from $176.00 to $181.00 and gave the stock an "overweight" rating in a research note on Thursday, May 21st. Truist Financial raised their price target on shares of Globe Life from $180.00 to $185.00 and gave the company a "buy" rating in a report on Friday, April 24th. Keefe, Bruyette & Woods reaffirmed a "moderate buy" rating and issued a $168.00 price objective on shares of Globe Life in a research note on Thursday, March 26th. Finally, Piper Sandler upped their price objective on shares of Globe Life from $167.00 to $175.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $175.89.
Get Our Latest Stock Report on GL
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in GL. SG Americas Securities LLC lifted its stake in shares of Globe Life by 909.6% in the fourth quarter. SG Americas Securities LLC now owns 99,746 shares of the company's stock worth $13,950,000 after buying an additional 89,866 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Globe Life in the 3rd quarter valued at $7,348,000. JPMorgan Chase & Co. grew its stake in Globe Life by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 247,947 shares of the company's stock valued at $35,449,000 after buying an additional 24,785 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new position in Globe Life in the 3rd quarter worth $5,862,000. Finally, Magnetar Financial LLC raised its holdings in Globe Life by 2,185.8% in the 3rd quarter. Magnetar Financial LLC now owns 40,435 shares of the company's stock worth $5,781,000 after acquiring an additional 38,666 shares during the period. 81.61% of the stock is 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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
