Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 96,426 Globe Life Inc. $GL

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Globe Life Inc. (NYSE:GL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 96,426 shares of the company’s stock, valued at approximately $17,229,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.12% of Globe Life as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of GL. CYBER HORNET ETFs LLC purchased a new stake in Globe Life in the second quarter valued at approximately $28,000. Hilton Head Capital Partners LLC purchased a new position in Globe Life during the 4th quarter worth approximately $30,000. MUFG Securities EMEA plc acquired a new stake in Globe Life during the 2nd quarter valued at approximately $31,000. Torren Management LLC acquired a new stake in Globe Life during the 4th quarter valued at approximately $37,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Globe Life by 41.1% in 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 last quarter. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Globe Life

In related news, EVP Michael Clay Majors sold 37,000 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $178.64, for a total value of $6,609,680.00. Following the completion of the transaction, the executive vice president owned 53,518 shares of the company’s stock, valued at approximately $9,560,455.52. This represents a 40.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frank M. Svoboda sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 54,020 shares in the company, valued at $9,004,053.60. This represents a 15.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 151,908 shares of company stock worth $27,239,981. 2.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GL. Jefferies Financial Group increased their price objective on shares of Globe Life from $147.00 to $166.00 and gave the stock a “hold” rating in a research note on Friday, July 10th. Morgan Stanley upped their price target on shares of Globe Life from $181.00 to $208.00 and gave the company an “overweight” rating in a report on Monday, July 6th. 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. Wells Fargo & Company lifted their price objective on Globe Life from $172.00 to $193.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Keefe, Bruyette & Woods decreased their price objective on Globe Life from $192.00 to $190.00 and set an “outperform” rating for the company in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Globe Life presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.67.

Globe Life Price Performance

NYSE:GL opened at $170.79 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 11.34 and a beta of 0.48. The company has a 50 day moving average price of $178.28 and a 200-day moving average price of $158.43. Globe Life Inc. has a 1-year low of $127.85 and a 1-year high of $191.55.

Globe Life (NYSE:GL) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $3.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.67 by ($0.06). The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Globe Life had a return on equity of 20.52% and a net margin of 19.58%.The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $3.05 earnings per share. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. Equities research analysts forecast that Globe Life Inc. will post 15.71 EPS for the current year.

Globe Life declared that its Board of Directors has authorized a stock buyback program on Monday, August 10th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to repurchase up to 17.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Globe Life Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Monday, October 5th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, October 5th. Globe Life’s dividend payout ratio is presently 8.76%.

Globe Life Profile

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.