Stance Capital LLC boosted its stake in Globe Life Inc. (NYSE:GL – Free Report) by 58.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,439 shares of the company’s stock after buying an additional 8,298 shares during the quarter. Globe Life accounts for approximately 1.2% of Stance Capital LLC’s portfolio, making the stock its 22nd biggest position. Stance Capital LLC’s holdings in Globe Life were worth $3,138,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of GL. SG Americas Securities LLC grew its stake in shares of Globe Life by 909.6% in the 4th quarter. SG Americas Securities LLC now owns 99,746 shares of the company’s stock worth $13,950,000 after acquiring an additional 89,866 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Globe Life in the third quarter valued at about $7,348,000. JPMorgan Chase & Co. lifted its position in shares of Globe Life by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 247,947 shares of the company’s stock valued at $35,449,000 after purchasing an additional 24,785 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new position in shares of Globe Life during the third quarter valued at about $5,862,000. Finally, Magnetar Financial LLC boosted its holdings in Globe Life by 2,185.8% during the third quarter. Magnetar Financial LLC now owns 40,435 shares of the company’s stock worth $5,781,000 after purchasing an additional 38,666 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors.
Insider Activity at Globe Life
In other news, EVP Michael Clay Majors sold 34,000 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $153.81, for a total transaction of $5,229,540.00. Following the completion of the sale, the executive vice president owned 53,518 shares in the company, valued at $8,231,603.58. This trade represents a 38.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Thomas Peter Kalmbach sold 15,637 shares of Globe Life stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $153.65, for a total transaction of $2,402,625.05. Following the completion of the sale, the chief financial officer directly owned 45,335 shares in the company, valued at $6,965,722.75. This trade represents a 25.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 115,929 shares of company stock valued at $18,049,250 over the last quarter. 2.11% of the stock is currently owned by insiders.
Globe Life Price Performance
Globe Life (NYSE:GL – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $3.43 earnings per share 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 company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the company posted $3.07 EPS. Globe Life’s quarterly 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 forecast that Globe Life Inc. will post 15.64 earnings per share for the current year.
Globe Life Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, July 6th. Globe Life’s dividend payout ratio is currently 9.13%.
Wall Street Analysts Forecast Growth
GL has been the subject of a number of recent analyst reports. Texas Capital raised shares of Globe Life to a “strong-buy” rating in a research report on Wednesday, March 18th. 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. Weiss Ratings upgraded Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Wells Fargo & Company upped their target price on Globe Life from $171.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Finally, Truist Financial increased their price target on Globe Life from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $174.11.
Check Out Our Latest Research Report on GL
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.
Featured Articles
- Five stocks we like better than Globe Life
- 3 Retail Winners Using Cash Flow to Stay Ahead
- 3 Tech ETFs That Could Bounce Back After the AI Selloff
- 3 Penny Stocks Under $5 Backed by Real Revenue Growth
- 3 Non-Pharma Firms That Could Benefit From the GLP-1 Trend
Want to see what other hedge funds are holding GL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Globe Life Inc. (NYSE:GL – Free Report).
Receive News & Ratings for Globe Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globe Life and related companies with MarketBeat.com's FREE daily email newsletter.
