Globe Life (NYSE:GL) CFO Thomas Peter Kalmbach Sells 7,936 Shares

Posted by Francis Steltz on May 26th, 2026

Globe Life Inc. (NYSE:GL – Get Free Report) CFO Thomas Peter Kalmbach sold 7,936 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $156.59, for a total transaction of $1,242,698.24. Following the transaction, the chief financial officer owned 50,496 shares in the company, valued at $7,907,168.64. The trade was a 13.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Thomas Peter Kalmbach also recently made the following trade(s):

On Tuesday, May 19th, Thomas Peter Kalmbach sold 11,903 shares of Globe Life stock. The stock was sold at an average price of $156.61, for a total transaction of $1,864,128.83.
On Friday, May 8th, Thomas Peter Kalmbach sold 11,790 shares of Globe Life stock. The stock was sold at an average price of $152.02, for a total transaction of $1,792,315.80.
On Monday, May 11th, Thomas Peter Kalmbach sold 15,637 shares of Globe Life stock. The stock was sold at an average price of $153.65, for a total transaction of $2,402,625.05.

Globe Life Price Performance

GL traded up $0.75 on Tuesday, hitting $157.03. 166,192 shares of the company were exchanged, compared to its average volume of 520,186. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.07 and a current ratio of 0.07. The business’s fifty day moving average is $147.59 and its 200 day moving average is $142.15. Globe Life Inc. has a fifty-two week low of $116.73 and a fifty-two week high of $157.92. The firm has a market capitalization of $12.19 billion, a P/E ratio of 10.86 and a beta of 0.50.

Globe Life (NYSE:GL – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $3.43 earnings per share (EPS) 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 business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the company earned $3.07 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. As a group, sell-side analysts anticipate that Globe Life Inc. will post 15.57 EPS for the current year.

Globe Life Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend 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 9.13%.

Wall Street Analyst Weigh In

GL has been the topic of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and issued a $168.00 price target on shares of Globe Life in a report on Thursday, March 26th. Evercore set a $157.00 price target on shares of Globe Life in a report on Wednesday, February 18th. Wells Fargo & Company upped their price target on shares of Globe Life from $171.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, April 10th. JPMorgan Chase & Co. upped their price target on shares of Globe Life from $180.00 to $181.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Finally, Morgan Stanley upped their price target on shares of Globe Life from $176.00 to $181.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $174.11.

Check Out Our Latest Report on GL

Hedge Funds Weigh In On Globe Life

Institutional investors and hedge funds have recently modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new position in shares of Globe Life during the fourth quarter valued at approximately $30,000. CYBER HORNET ETFs LLC purchased a new position in shares of Globe Life during the second quarter valued at approximately $28,000. MUFG Securities EMEA plc purchased a new position in shares of Globe Life during the second quarter valued at approximately $31,000. Torren Management LLC purchased a new position in shares of Globe Life during the fourth quarter valued at approximately $37,000. Finally, Root Financial Partners LLC purchased a new position in shares of Globe Life during the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Globe Life Company Profile

(Get Free Report)

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.