Key Points
- Globe Life EVP Robert Hensley sold 10,000 shares at an average price of $170.07, totaling approximately $1.70 million. His remaining stake fell 44.67% to 12,384 shares.
- Globe Life reported quarterly revenue of $1.60 billion, up 8% year over year, while EPS of $3.61 slightly missed analysts’ $3.67 estimate. The company issued fiscal 2026 EPS guidance of $15.55–$15.95.
- The board authorized a $2.5 billion share-repurchase program, covering up to 17.7% of outstanding shares, and declared a quarterly dividend of $0.33. Analysts maintain a “Moderate Buy” consensus with an average price target of $191.67.
Globe Life Inc. (NYSE:GL - Get Free Report) EVP Robert Hensley sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $170.07, for a total value of $1,700,700.00. Following the transaction, the executive vice president owned 12,384 shares in the company, valued at approximately $2,106,146.88. This trade represents a 44.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Globe Life Stock Performance
NYSE:GL opened at $168.82 on Thursday. The stock has a market cap of $12.97 billion, a P/E ratio of 11.21 and a beta of 0.46. The stock has a 50 day simple moving average of $176.65 and a 200 day simple moving average of $163.20. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.43. Globe Life Inc. has a 1-year low of $127.85 and a 1-year high of $191.55.
Globe Life (NYSE:GL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $3.61 EPS for the quarter, missing analysts' consensus estimates of $3.67 by ($0.06). Globe Life had a net margin of 19.58% and a return on equity of 20.52%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company earned $3.05 earnings per share. The business's quarterly revenue 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. Research analysts anticipate that Globe Life Inc. will post 15.71 earnings per share for the current year.
Globe Life declared that its board has approved a share repurchase program on Monday, August 10th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 17.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.
Globe Life Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Monday, October 5th will be paid a $0.33 dividend. The ex-dividend date is Monday, October 5th. This represents a $1.32 annualized dividend and a dividend yield of 0.8%. Globe Life's dividend payout ratio is 8.76%.
Institutional Investors Weigh In On Globe Life
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC acquired a new stake in shares of Globe Life in the 4th quarter valued at $30,000. Johnson Financial Group Inc. bought a new position in shares of Globe Life in the 2nd quarter valued at $39,000. AdvisorNet Financial Inc raised its holdings in shares of Globe Life by 41.1% during the 1st quarter. AdvisorNet Financial Inc now owns 316 shares of the company's stock worth $44,000 after buying an additional 92 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Globe Life by 42.0% during the 2nd quarter. Assetmark Inc. now owns 426 shares of the company's stock worth $76,000 after buying an additional 126 shares in the last quarter. Finally, Root Financial Partners LLC lifted its position 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 during the last quarter. 81.61% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Globe Life from $181.00 to $208.00 and gave the stock an "overweight" rating in a research report on Monday, July 6th. Wells Fargo & Company boosted their price target on Globe Life from $172.00 to $193.00 and gave the company an "overweight" rating in a research note on Thursday, July 9th. TD Cowen increased their price target on Globe Life from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. raised their price objective on Globe Life from $181.00 to $201.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group lifted their price objective on Globe Life from $147.00 to $166.00 and gave the company a "hold" rating in a report on Friday, July 10th. 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 stock. Based on data from MarketBeat.com, Globe Life presently has an average rating of "Moderate Buy" and a consensus price target of $191.67.
Get Our Latest Stock Report on Globe Life
Globe Life Company Profile
(
Get Free Report)
Globe Life Inc is an insurance holding company headquartered in McKinney, Texas. Through its subsidiaries, the company markets and distributes individual life insurance and supplemental health insurance products to middle-income households and other consumer segments.
Its product offerings include term and whole life insurance, mortgage protection and final expense coverage, accident and supplemental health insurance, Medicare supplement policies, and annuity products. Globe Life distributes these products through multiple channels, including direct-to-consumer marketing, agency networks, and independent agents.
The company's principal insurance businesses include Globe Life and Accident Insurance Company, American Income Life Insurance Company, Liberty National Life Insurance Company, United American Insurance Company, and Family Heritage Life Insurance Company of America.
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