Globe Life (NYSE:GL) EVP Michael Clay Majors Sells 37,000 Shares of Stock

Globe Life Inc. (NYSE:GL) EVP Michael Clay Majors sold 37,000 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.64, for a total transaction of $6,609,680.00. Following the completion of the transaction, the executive vice president owned 53,518 shares of the company’s stock, valued at approximately $9,560,455.52. This trade represents a 40.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Globe Life Stock Up 1.7%

Shares of NYSE GL opened at $182.65 on Friday. The stock has a market cap of $14.18 billion, a P/E ratio of 12.13 and a beta of 0.47. The business’s fifty day simple moving average is $171.01 and its 200-day simple moving average is $154.07. Globe Life Inc. has a 12-month low of $127.85 and a 12-month high of $191.55. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.38.

Globe Life (NYSE:GL) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $3.61 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($0.06). The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Globe Life had a return on equity of 20.73% and a net margin of 19.58%.Globe Life’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.05 EPS. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. As a group, equities analysts predict that Globe Life Inc. will post 15.7 EPS for the current fiscal year.

Institutional Trading of Globe Life

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL acquired a new stake in Globe Life during the 3rd quarter worth $7,348,000. Jupiter Asset Management Ltd. purchased a new stake in Globe Life in the fourth quarter valued at $2,073,000. Northwestern Mutual Wealth Management Co. boosted its stake in Globe Life by 34,786.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 881,919 shares of the company’s stock valued at $123,345,000 after acquiring an additional 879,391 shares in the last quarter. Vanguard Group Inc. boosted its stake in Globe Life by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 10,090,885 shares of the company’s stock valued at $1,411,311,000 after acquiring an additional 86,349 shares in the last quarter. Finally, Strs Ohio grew its holdings in shares of Globe Life by 213.7% during the fourth quarter. Strs Ohio now owns 21,907 shares of the company’s stock worth $3,064,000 after purchasing an additional 14,924 shares during the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on GL. Keefe, Bruyette & Woods reduced their target price on shares of Globe Life from $192.00 to $190.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. TD Cowen boosted their price target on shares of Globe Life from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Piper Sandler increased their price objective on shares of Globe Life from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. raised their price objective on shares of Globe Life from $181.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, Jefferies Financial Group boosted their target price on shares of Globe Life from $147.00 to $166.00 and gave the stock a “hold” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $191.67.

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.