Insider Selling: Globe Life (NYSE:GL) CEO Sells $1,666,800.00 in Stock

Globe Life Inc. (NYSE:GL) CEO Frank Svoboda sold 10,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $166.68, for a total transaction of $1,666,800.00. Following the completion of the sale, the chief executive officer directly owned 54,020 shares of the company’s stock, valued at $9,004,053.60. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Globe Life Price Performance

Shares of NYSE GL opened at $171.29 on Thursday. Globe Life Inc. has a twelve month low of $116.73 and a twelve month high of $171.75. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 11.85 and a beta of 0.49. The firm has a 50-day moving average of $154.48 and a two-hundred day moving average of $145.32.

Globe Life (NYSE:GL) last issued 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). Globe Life had a net margin of 19.38% and a return on equity of 20.94%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the company posted $3.07 earnings per share. Globe Life’s revenue was up 5.3% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. As a group, analysts expect 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. Shareholders of record on Monday, July 6th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.32 dividend on an annualized basis and a yield of 0.8%. Globe Life’s dividend payout ratio is currently 9.13%.

Hedge Funds Weigh In On Globe Life

A number of hedge funds have recently added to or reduced their stakes in GL. CYBER HORNET ETFs LLC acquired a new position in Globe Life during the second quarter valued at approximately $28,000. Hilton Head Capital Partners LLC acquired a new position in Globe Life during the fourth quarter valued at approximately $30,000. MUFG Securities EMEA plc acquired a new position in Globe Life during the second quarter valued at approximately $31,000. Torren Management LLC acquired a new position in Globe Life during the fourth quarter valued at approximately $37,000. Finally, AdvisorNet Financial Inc grew its holdings in Globe Life by 41.1% during the first quarter. AdvisorNet Financial Inc now owns 316 shares of the company’s stock valued at $44,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GL shares. Evercore set a $157.00 price target on shares of Globe Life in a research report on Wednesday, February 18th. Truist Financial increased their price target on shares of Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Wells Fargo & Company increased their price objective on Globe Life from $171.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Weiss Ratings upgraded Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods restated a “moderate buy” rating and issued a $168.00 price objective on shares of Globe Life in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.11.

About Globe Life

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.