Frank Svoboda Sells 9,379 Shares of Globe Life (NYSE:GL) Stock

Globe Life Inc. (NYSE:GL) CEO Frank Svoboda sold 9,379 shares of Globe Life stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $140.43, for a total value of $1,317,092.97. Following the sale, the chief executive officer owned 35,868 shares of the company’s stock, valued at approximately $5,036,943.24. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Globe Life Trading Down 0.1%

NYSE:GL opened at $138.52 on Friday. The company has a market capitalization of $11.03 billion, a P/E ratio of 10.04 and a beta of 0.48. The stock’s 50 day moving average price is $134.17 and its 200 day moving average price is $132.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.07 and a current ratio of 0.07. Globe Life Inc. has a 52 week low of $104.06 and a 52 week high of $147.83.

Globe Life (NYSE:GL) last posted its earnings results on Wednesday, October 22nd. The company reported $4.81 EPS for the quarter, topping the consensus estimate of $4.54 by $0.27. Globe Life had a net margin of 19.36% and a return on equity of 21.81%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the firm posted $3.44 earnings per share. Globe Life has set its FY 2026 guidance at 14.600-15.300 EPS and its FY 2025 guidance at 14.400-14.600 EPS. On average, research analysts forecast that Globe Life Inc. will post 13.87 EPS for the current fiscal year.

Globe Life Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 5th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, January 5th. Globe Life’s dividend payout ratio is presently 7.83%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Global Assets Advisory LLC acquired a new stake in shares of Globe Life in the second quarter worth $25,000. AdvisorNet Financial Inc grew its position in Globe Life by 60.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 224 shares of the company’s stock worth $28,000 after purchasing an additional 84 shares during the last quarter. Mather Group LLC. bought a new position in shares of Globe Life during the 3rd quarter worth about $28,000. CYBER HORNET ETFs LLC acquired a new position in shares of Globe Life during the second quarter valued at about $28,000. Finally, Assetmark Inc. raised its position in shares of Globe Life by 777.8% during the second quarter. Assetmark Inc. now owns 237 shares of the company’s stock valued at $29,000 after buying an additional 210 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GL shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $176.00 price target on shares of Globe Life in a research report on Monday. TD Cowen raised their price objective on Globe Life from $182.00 to $199.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Keefe, Bruyette & Woods upped their target price on Globe Life from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Cowen reiterated a “buy” rating on shares of Globe Life in a report on Thursday, December 11th. Finally, Truist Financial lifted their price target on shares of Globe Life from $150.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.89.

Globe Life Company Profile

Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates in four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.