Nuance Investments LLC purchased a new stake in shares of Globe Life Inc. (NYSE:GL – Free Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 10,760 shares of the company’s stock, valued at approximately $1,923,000.
Other large investors have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in shares of Globe Life in the second quarter worth $28,000. Hilton Head Capital Partners LLC acquired a new position in shares of Globe Life during the 4th quarter valued at about $30,000. MUFG Securities EMEA plc bought a new position in shares of Globe Life in the second quarter valued at approximately $31,000. Torren Management LLC bought a new position in Globe Life in the 4th quarter worth $37,000. Finally, AdvisorNet Financial Inc increased its stake in shares of Globe Life by 41.1% in the first quarter. AdvisorNet Financial Inc now owns 316 shares of the company’s stock worth $44,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 81.61% of the company’s stock.
Insider Buying and Selling at Globe Life
In related news, Director Cheryl Alston sold 8,258 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $179.24, for a total transaction of $1,480,163.92. Following the sale, the director directly owned 16,621 shares in the company, valued at $2,979,148.04. This trade represents a 33.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO James Matthew Darden sold 50,000 shares of Globe Life stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $182.43, for a total value of $9,121,500.00. Following the completion of the sale, the chief executive officer directly owned 58,451 shares in the company, valued at $10,663,215.93. This represents a 46.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 179,844 shares of company stock valued at $31,616,279 over the last quarter. 2.11% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on GL
Globe Life Price Performance
Globe Life stock opened at $180.00 on Tuesday. Globe Life Inc. has a 1 year low of $127.85 and a 1 year 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 0.43. The firm has a market capitalization of $13.83 billion, a P/E ratio of 11.95 and a beta of 0.48. The business has a 50-day moving average of $177.61 and a 200-day moving average of $157.71.
Globe Life (NYSE:GL – Get Free Report) last posted its 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 firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. Globe Life had a return on equity of 20.52% and a net margin of 19.58%.The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $3.05 earnings per share. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. On average, equities analysts anticipate that Globe Life Inc. will post 15.71 EPS for the current year.
Globe Life announced that its Board of Directors has initiated a share repurchase program on Monday, August 10th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 17.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
Globe Life Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Monday, October 5th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, October 5th. Globe Life’s dividend payout ratio (DPR) is 8.76%.
Globe Life 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.
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