Teachers Retirement System of The State of Kentucky Raises Position in Globe Life Inc. $GL

Teachers Retirement System of The State of Kentucky boosted its holdings in Globe Life Inc. (NYSE:GL) by 4.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 189,815 shares of the company’s stock after purchasing an additional 7,600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Globe Life were worth $26,417,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GL. Navigate Wealth Management LLC purchased a new position in shares of Globe Life in the first quarter worth about $448,000. Citizens Financial Group Inc. RI purchased a new stake in Globe Life during the 1st quarter valued at about $271,000. Fifth Third Bancorp boosted its holdings in Globe Life by 148.1% during the 1st quarter. Fifth Third Bancorp now owns 17,506 shares of the company’s stock valued at $2,436,000 after acquiring an additional 10,451 shares during the period. DMC Group LLC grew its position in Globe Life by 5.0% during the 1st quarter. DMC Group LLC now owns 3,915 shares of the company’s stock worth $545,000 after acquiring an additional 186 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Globe Life by 14.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,042 shares of the company’s stock worth $980,000 after acquiring an additional 864 shares during the last quarter. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Globe Life Stock Performance

Shares of GL stock opened at $179.10 on Monday. The firm has a market capitalization of $13.91 billion, a price-to-earnings ratio of 12.39 and a beta of 0.47. The stock has a fifty day moving average of $163.71 and a 200 day moving average of $150.24. Globe Life Inc. has a 52 week low of $117.30 and a 52 week high of $182.32. 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) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 earnings per share (EPS) 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 company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the firm posted $3.07 earnings per share. The firm’s revenue for the quarter 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, research analysts expect that Globe Life Inc. will post 15.64 earnings per share for the current year.

Globe Life Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, July 6th. This represents a $1.32 annualized dividend and a dividend yield of 0.7%. Globe Life’s payout ratio is currently 9.13%.

Insider Activity at Globe Life

In related news, EVP Michael Clay Majors sold 34,000 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $153.81, for a total value of $5,229,540.00. Following the completion of the transaction, the executive vice president directly owned 53,518 shares of the company’s stock, valued at $8,231,603.58. This represents a 38.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frank M. Svoboda sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $156.68, for a total transaction of $3,133,600.00. Following the completion of the sale, the chief executive officer owned 54,020 shares of the company’s stock, valued at $8,463,853.60. This trade represents a 27.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 124,187 shares of company stock valued at $19,529,414 over the last three months. Corporate insiders own 2.11% of the company’s stock.

Analyst Ratings Changes

GL has been the topic of a number of analyst reports. Truist Financial lifted their price target on Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. TD Cowen raised their target price on shares of Globe Life from $199.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Weiss Ratings raised shares of Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Texas Capital upgraded shares of Globe Life to a “strong-buy” rating in a report on Wednesday, March 18th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.70.

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.