Globe Life Inc. (NYSE:GL - Get Free Report) CFO Thomas Peter Kalmbach sold 25,650 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $178.58, for a total value of $4,580,577.00. Following the transaction, the chief financial officer owned 50,568 shares in the company, valued at $9,030,433.44. The trade was a 33.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Thomas Peter Kalmbach also recently made the following trade(s):
- On Friday, May 22nd, Thomas Peter Kalmbach sold 7,936 shares of Globe Life stock. The shares were sold at an average price of $156.59, for a total transaction of $1,242,698.24.
- On Tuesday, May 19th, Thomas Peter Kalmbach sold 11,903 shares of Globe Life stock. The shares were sold at an average price of $156.61, for a total transaction of $1,864,128.83.
- On Friday, May 8th, Thomas Peter Kalmbach sold 11,790 shares of Globe Life stock. The stock was sold at an average price of $152.02, for a total transaction of $1,792,315.80.
- On Monday, May 11th, Thomas Peter Kalmbach sold 15,637 shares of Globe Life stock. The stock was sold at an average price of $153.65, for a total transaction of $2,402,625.05.
Globe Life Stock Performance
NYSE GL opened at $179.69 on Thursday. The firm has a 50-day moving average price of $170.49 and a two-hundred day moving average price of $153.78. Globe Life Inc. has a 12-month low of $127.85 and a 12-month high of $191.55. The company has a market capitalization of $13.95 billion, a P/E ratio of 11.93 and a beta of 0.47. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.38.
Globe Life (NYSE:GL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $3.61 EPS for the quarter, missing the consensus estimate of $3.67 by ($0.06). Globe Life had a return on equity of 20.73% and a net margin of 19.58%.The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the business posted $3.05 earnings per share. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. Analysts anticipate that Globe Life Inc. will post 15.73 earnings per share for the current year.
Wall Street Analyst Weigh In
GL has been the topic of a number of recent research reports. Jefferies Financial Group raised their price objective on Globe Life from $147.00 to $166.00 and gave the stock a "hold" rating in a research note on Friday, July 10th. Wells Fargo & Company increased their target price on Globe Life from $172.00 to $193.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods reduced their target price on Globe Life from $192.00 to $190.00 and set an "outperform" rating on the stock in a report on Friday, July 24th. Piper Sandler raised their price target on Globe Life from $175.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. boosted their price target on Globe Life from $181.00 to $201.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. One 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $191.67.
Get Our Latest Stock Analysis on Globe Life
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Compound Planning Inc. lifted its stake in Globe Life by 4.3% during the fourth quarter. Compound Planning Inc. now owns 1,968 shares of the company's stock worth $275,000 after purchasing an additional 82 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of Globe Life by 23.3% during the 1st quarter. Root Financial Partners LLC now owns 439 shares of the company's stock worth $61,000 after buying an additional 83 shares in the last quarter. Transcend Capital Advisors LLC raised its holdings in shares of Globe Life by 3.9% during the 4th quarter. Transcend Capital Advisors LLC now owns 2,265 shares of the company's stock worth $317,000 after buying an additional 84 shares in the last quarter. Natural Investments LLC lifted its position in shares of Globe Life by 2.6% during the 4th quarter. Natural Investments LLC now owns 3,452 shares of the company's stock worth $482,000 after buying an additional 87 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Globe Life by 5.6% during the 4th quarter. Parallel Advisors LLC now owns 1,651 shares of the company's stock worth $231,000 after buying an additional 87 shares during the last quarter. 81.61% of the stock is owned by institutional investors.
Globe Life Company Profile
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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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