Globe Life (NYSE:GL) EVP Robert Edward Hensley Sells 712 Shares

Globe Life Inc. (NYSE:GLGet Free Report) EVP Robert Edward Hensley sold 712 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $142.59, for a total transaction of $101,524.08. Following the completion of the transaction, the executive vice president owned 8,580 shares in the company, valued at approximately $1,223,422.20. This trade represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Globe Life Stock Performance

NYSE:GL opened at $145.32 on Friday. The stock has a market capitalization of $11.57 billion, a P/E ratio of 10.32 and a beta of 0.47. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.41. Globe Life Inc. has a 1 year low of $109.38 and a 1 year high of $152.71. The firm has a 50 day moving average of $141.88 and a 200-day moving average of $138.73.

Globe Life (NYSE:GLGet Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $3.39 earnings per share for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.05). The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. Globe Life had a net margin of 19.37% and a return on equity of 21.75%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.14 earnings per share. Globe Life has set its FY 2026 guidance at 14.950-15.650 EPS. As a group, sell-side analysts anticipate that Globe Life Inc. will post 13.87 EPS for the current fiscal year.

Globe Life Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 3rd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.32 annualized dividend and a yield of 0.9%. This is an increase from Globe Life’s previous quarterly dividend of $0.27. Globe Life’s dividend payout ratio (DPR) is presently 7.67%.

Institutional Trading of Globe Life

Hedge funds have recently bought and sold shares of the stock. Mather Group LLC. bought a new stake in shares of Globe Life during the third quarter worth $28,000. CYBER HORNET ETFs LLC bought a new stake in Globe Life in the 2nd quarter valued at $28,000. Assetmark Inc. boosted its stake in Globe Life by 777.8% in the 2nd quarter. Assetmark Inc. now owns 237 shares of the company’s stock worth $29,000 after purchasing an additional 210 shares during the period. Hilton Head Capital Partners LLC acquired a new position in Globe Life in the 4th quarter worth $30,000. Finally, MUFG Securities EMEA plc bought a new position in Globe Life during the 2nd quarter worth about $31,000. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GL has been the subject of a number of recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $167.00 price objective on shares of Globe Life in a report on Friday, November 21st. Weiss Ratings raised Globe Life from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Morgan Stanley reiterated an “overweight” rating and issued a $176.00 price target on shares of Globe Life in a research report on Monday, December 15th. Truist Financial lifted their price objective on shares of Globe Life from $158.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Wells Fargo & Company upped their target price on shares of Globe Life from $170.00 to $171.00 and gave the company an “overweight” rating in a research note on Wednesday. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Globe Life has a consensus rating of “Moderate Buy” and a consensus price target of $171.33.

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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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Insider Buying and Selling by Quarter for Globe Life (NYSE:GL)

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