12,763 Shares in Globe Life Inc. $GL Bought by Aurora Investment Counsel

Key Points

• Aurora Investment Counsel purchased 12,763 Globe Life shares worth approximately $2.28 million, making the insurer 1.2% of its portfolio. Institutional investors collectively own 81.61% of Globe Life.
• Globe Life reported quarterly revenue of $1.60 billion, up 8% year over year, but earnings of $3.61 per share fell short of analysts’ $3.67 estimate. The company issued fiscal 2026 EPS guidance of $15.55–$15.95.
• The board authorized a $2.5 billion share-repurchase program covering up to 17.7% of outstanding shares, while the company maintained a quarterly dividend of $0.33 per share. Analysts give the stock a consensus “Moderate Buy” rating with a $191.67 target price.

Aurora Investment Counsel purchased a new position in shares of Globe Life Inc. (NYSE:GL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,763 shares of the company's stock, valued at approximately $2,280,000. Globe Life accounts for 1.2% of Aurora Investment Counsel's investment portfolio, making the stock its 29th biggest position.

A number of other hedge funds also recently bought and sold shares of the stock. Compound Planning Inc. grew its holdings in Globe Life by 4.3% during the 4th quarter. Compound Planning Inc. now owns 1,968 shares of the company's stock worth $275,000 after acquiring an additional 82 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of Globe Life by 23.3% in the 1st quarter. Root Financial Partners LLC now owns 439 shares of the company's stock valued at $61,000 after purchasing an additional 83 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Globe Life by 5.6% during the 4th quarter. Parallel Advisors LLC now owns 1,651 shares of the company's stock worth $231,000 after purchasing an additional 87 shares during the last quarter. First United Bank & Trust lifted its position in shares of Globe Life by 2.1% during the 1st quarter. First United Bank & Trust now owns 4,355 shares of the company's stock worth $606,000 after purchasing an additional 90 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Globe Life by 4.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,366 shares of the company's stock worth $329,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 81.61% of the company's stock.

Globe Life Stock Performance

Shares of GL opened at $171.74 on Thursday. The company's 50 day simple moving average is $178.16 and its 200-day simple moving average is $158.21. The firm has a market cap of $13.20 billion, a PE ratio of 11.40 and a beta of 0.48. Globe Life Inc. has a 12-month low of $127.85 and a 12-month 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.

Globe Life (NYSE:GL - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $3.61 EPS for the quarter, missing the consensus estimate of $3.67 by ($0.06). Globe Life had a net margin of 19.58% and a return on equity of 20.52%. The business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same quarter last year, the company earned $3.05 EPS. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. As a group, equities analysts predict that Globe Life Inc. will post 15.71 EPS for the current year.

Globe Life Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Monday, October 5th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.8%. Globe Life's dividend payout ratio (DPR) is currently 8.76%.

Globe Life declared that its Board of Directors has initiated a stock repurchase plan on Monday, August 10th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 17.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Piper Sandler increased their target price on Globe Life from $175.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Wells Fargo & Company lifted their price target on Globe Life from $172.00 to $193.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods lowered their price objective on Globe Life from $192.00 to $190.00 and set an "outperform" rating for the company in a research report on Friday, July 24th. Truist Financial upped their price objective on Globe Life from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, April 24th. Finally, Jefferies Financial Group increased their price objective on Globe Life from $147.00 to $166.00 and gave the company a "hold" rating in a report on Friday, July 10th. One 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.67.

Insider Transactions at Globe Life

In other news, CEO James Matthew Darden sold 50,000 shares of the business's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $182.43, for a total value of $9,121,500.00. Following the transaction, the chief executive officer owned 58,451 shares of the company's stock, valued at approximately $10,663,215.93. The trade was a 46.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frank M. Svoboda sold 20,000 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $156.68, for a total value of $3,133,600.00. Following the completion of the transaction, the chief executive officer directly owned 54,020 shares in the company, valued at approximately $8,463,853.60. The trade was a 27.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 179,844 shares of company stock worth $31,616,279 over the last three months. 2.11% of the stock is currently owned by company insiders.

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.

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