Globe Life (NYSE:GL) Reaches New 1-Year High – Here’s Why

Posted by George Bondi on Jun 17th, 2026

Globe Life Inc. (NYSE:GL – Get Free Report)’s share price reached a new 52-week high on Wednesday . The company traded as high as $170.11 and last traded at $169.07, with a volume of 509541 shares. The stock had previously closed at $167.39.

Analysts Set New Price Targets

GL has been the subject of a number of analyst reports. Weiss Ratings upgraded Globe Life from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Truist Financial upped their target price on Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Wells Fargo & Company upped their target price on Globe Life from $171.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Morgan Stanley increased their price objective on Globe Life from $176.00 to $181.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Finally, Texas Capital upgraded Globe Life to a “strong-buy” rating in a report on Wednesday, March 18th. 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 company. According to MarketBeat.com, Globe Life currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.11.

Read Our Latest Research Report on GL

Globe Life Stock Performance

The firm has a fifty day moving average price of $153.91 and a 200 day moving average price of $145.06. 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 stock has a market cap of $13.13 billion, a PE ratio of 11.69 and a beta of 0.49.

Globe Life (NYSE:GL – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 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 for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the company posted $3.07 EPS. The business’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. Research analysts forecast that Globe Life Inc. will post 15.64 earnings per share for the current fiscal year.

Globe Life Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, July 6th. Globe Life’s dividend payout ratio is currently 9.13%.

Insiders Place Their Bets

In related news, CEO James Matthew Darden sold 4,663 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $153.88, for a total value of $717,542.44. Following the transaction, the chief executive officer directly owned 58,451 shares of the company’s stock, valued at $8,994,439.88. This represents a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frank M. Svoboda sold 10,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $166.68, for a total value of $1,666,800.00. Following the completion of the transaction, the chief executive officer directly owned 54,020 shares in the company, valued at approximately $9,004,053.60. The trade was a 15.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 115,929 shares of company stock worth $18,049,250. 2.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Globe Life

Several hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of Globe Life by 6.4% in the 1st quarter. Parallel Advisors LLC now owns 1,756 shares of the company’s stock valued at $244,000 after acquiring an additional 105 shares during the period. Glenmede Trust Co. NA increased its position in shares of Globe Life by 5.8% in the 1st quarter. Glenmede Trust Co. NA now owns 7,396 shares of the company’s stock valued at $1,029,000 after acquiring an additional 406 shares during the period. Groupama Asset Managment acquired a new position in shares of Globe Life in the 1st quarter valued at $466,000. Edgestream Partners L.P. acquired a new stake in Globe Life during the 1st quarter worth about $7,513,000. Finally, Bull Harbor Capital LLC acquired a new stake in Globe Life during the 1st quarter worth about $538,000. 81.61% of the stock is owned by institutional investors and hedge funds.

About Globe Life

(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.