Caprock Group LLC Invests $1.06 Million in Globe Life Inc. $GL

Caprock Group LLC bought a new stake in shares of Globe Life Inc. (NYSE:GL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,594 shares of the company’s stock, valued at approximately $1,063,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Synergy Asset Management LLC lifted its stake in shares of Globe Life by 1,022.7% in the 3rd quarter. Synergy Asset Management LLC now owns 100,603 shares of the company’s stock valued at $14,240,000 after purchasing an additional 91,642 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Globe Life by 55.2% during the third quarter. Allianz Asset Management GmbH now owns 82,263 shares of the company’s stock worth $11,761,000 after buying an additional 29,256 shares during the period. SteelPeak Wealth LLC acquired a new stake in shares of Globe Life during the third quarter valued at about $2,985,000. Retirement Systems of Alabama purchased a new stake in shares of Globe Life in the 3rd quarter valued at approximately $2,470,000. Finally, MGO One Seven LLC purchased a new stake in shares of Globe Life in the 3rd quarter valued at approximately $1,364,000. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Insider Activity at Globe Life

In other Globe Life news, EVP Michael Clay Majors sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $146.89, for a total value of $4,406,700.00. Following the completion of the sale, the executive vice president owned 47,066 shares in the company, valued at approximately $6,913,524.74. The trade was a 38.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Jennifer Allison Haworth sold 10,000 shares of Globe Life stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $143.14, for a total transaction of $1,431,400.00. Following the completion of the transaction, the chief marketing officer directly owned 17,479 shares in the company, valued at $2,501,944.06. The trade was a 36.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 51,129 shares of company stock worth $7,414,035. Insiders own 1.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on GL. Evercore downgraded shares of Globe Life from an “outperform” rating to an “in-line” rating and set a $155.00 target price for the company. in a report on Tuesday, January 6th. Piper Sandler reiterated an “overweight” rating and issued a $167.00 price objective on shares of Globe Life in a report on Friday, November 21st. Keefe, Bruyette & Woods raised their target price on Globe Life from $160.00 to $162.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Morgan Stanley reiterated an “overweight” rating and set a $176.00 price target on shares of Globe Life in a research note on Monday, December 15th. Finally, Wells Fargo & Company reduced their price target on shares of Globe Life from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.00.

Globe Life Stock Performance

Shares of GL stock opened at $144.46 on Monday. The company has a market cap of $11.50 billion, a P/E ratio of 10.26 and a beta of 0.47. The firm has a fifty day moving average price of $140.57 and a 200 day moving average price of $138.39. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.41. Globe Life Inc. has a 12 month low of $109.38 and a 12 month high of $152.71.

Globe Life (NYSE:GL) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $3.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.05). Globe Life had a return on equity of 21.75% and a net margin of 19.37%.The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the firm earned $3.14 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 14.950-15.650 EPS. Sell-side analysts predict that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

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.