Globe Life (NYSE:GL) Sets New 52-Week High – Here’s What Happened

Globe Life Inc. (NYSE:GL) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $157.73 and last traded at $157.4740, with a volume of 39183 shares. The stock had previously closed at $155.04.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GL. Evercore set a $157.00 target price on shares of Globe Life in a research report on Wednesday, February 18th. JPMorgan Chase & Co. increased their target price on shares of Globe Life from $180.00 to $181.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Piper Sandler raised shares of Globe Life to a “strong-buy” rating in a research report on Thursday, April 2nd. Truist Financial increased their target price 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. Finally, Keefe, Bruyette & Woods reissued a “moderate buy” rating and set a $168.00 target price on shares of Globe Life in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Globe Life has a consensus rating of “Buy” and an average price target of $172.67.

Globe Life Price Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.07 and a quick ratio of 0.07. The company’s 50-day simple moving average is $146.41 and its 200-day simple moving average is $141.47. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 10.43 and a beta of 0.50.

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 the consensus estimate of $3.46 by ($0.03). Globe Life had a net margin of 19.38% and a return on equity of 20.94%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the business earned $3.07 EPS. The firm’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. On average, equities research analysts anticipate that Globe Life Inc. will post 15.56 EPS for the current 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 given a $0.33 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.32 annualized dividend and a yield of 0.9%. Globe Life’s dividend payout ratio (DPR) is 9.13%.

Insiders Place Their Bets

In other news, CEO James Matthew Darden sold 18,318 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was 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 in the company, valued at approximately $7,413,594.30. This represents a 26.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Edward Hensley sold 712 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $142.59, for a total value of $101,524.08. Following the transaction, the executive vice president owned 8,580 shares of the company’s stock, valued at approximately $1,223,422.20. This trade represents a 7.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 94,647 shares of company stock valued at $14,276,616. Corporate insiders own 2.11% of the company’s stock.

Hedge Funds Weigh In On Globe Life

Institutional investors and hedge funds have recently made changes to their positions in the business. Hilton Head Capital Partners LLC purchased a new position in shares of Globe Life during the 4th quarter valued at approximately $30,000. CYBER HORNET ETFs LLC purchased a new position in shares of Globe Life during the 2nd quarter valued at approximately $28,000. MUFG Securities EMEA plc purchased a new position in shares of Globe Life during the 2nd quarter valued at approximately $31,000. Torren Management LLC bought a new position in Globe Life during the fourth quarter worth $37,000. Finally, Root Financial Partners LLC bought a new position in Globe Life during the third quarter worth $44,000. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Globe Life Company 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.