Teacher Retirement System of Texas Lowers Stake in Globe Life Inc. $GL

Teacher Retirement System of Texas reduced its stake in shares of Globe Life Inc. (NYSE:GL) by 24.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,159 shares of the company’s stock after selling 7,991 shares during the period. Teacher Retirement System of Texas’ holdings in Globe Life were worth $3,519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in Globe Life during the third quarter valued at about $28,000. CYBER HORNET ETFs LLC purchased a new position in shares of Globe Life in the 2nd quarter worth about $28,000. MUFG Securities EMEA plc bought a new position in shares of Globe Life during the 2nd quarter valued at about $31,000. Quent Capital LLC bought a new position in shares of Globe Life during the 3rd quarter valued at about $36,000. Finally, Root Financial Partners LLC purchased a new position in shares of Globe Life during the 3rd quarter valued at about $44,000. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Globe Life

In other news, CEO James Matthew Darden sold 18,318 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $145.10, for a total transaction of $2,657,941.80. Following the completion of the transaction, the chief executive officer directly owned 51,093 shares of the company’s stock, valued at approximately $7,413,594.30. This represents a 26.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Frank M. Svoboda sold 12,500 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $144.78, for a total transaction of $1,809,750.00. Following the sale, the chief executive officer owned 35,868 shares of the company’s stock, valued at approximately $5,192,969.04. This represents a 25.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 116,807 shares of company stock worth $17,270,826 over the last ninety days. 2.11% of the stock is owned by company insiders.

Globe Life Trading Down 0.3%

Shares of GL stock opened at $152.17 on Tuesday. The business has a 50-day moving average of $143.82 and a 200 day moving average of $139.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.07 and a quick ratio of 0.07. Globe Life Inc. has a 1-year low of $111.13 and a 1-year high of $155.08. The stock has a market capitalization of $11.94 billion, a PE ratio of 10.52 and a beta of 0.47.

Globe Life (NYSE:GL) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.03). The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Globe Life had a return on equity of 21.30% and a net margin of 19.38%.Globe Life’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $3.07 earnings per share. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. As a group, sell-side analysts anticipate that Globe Life Inc. will post 15.45 earnings per share for the current year.

Globe Life Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 3rd will be issued a dividend of $0.33 per share. The ex-dividend date is Thursday, April 2nd. This represents a $1.32 dividend on an annualized basis 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 currently 9.13%.

Analysts Set New Price Targets

A number of analysts recently weighed in on GL shares. Piper Sandler upgraded Globe Life to a “strong-buy” rating in a research report on Thursday, April 2nd. Evercore set a $157.00 price target on shares of Globe Life in a research note on Wednesday, February 18th. Texas Capital upgraded shares of Globe Life to a “strong-buy” rating in a report on Wednesday, March 18th. Truist Financial upped their price objective on shares of Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and set a $168.00 target price on shares of Globe Life in a report on Thursday, March 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Globe Life presently has a consensus rating of “Buy” and a consensus price target of $172.67.

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.