59,247 Shares in Globe Life Inc. $GL Bought by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors acquired 59,247 shares of Globe Life, valued at approximately $10.6 million, while institutional investors collectively own 81.61% of the company.
• 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 to $15.95.
• The board authorized a $2.5 billion share-repurchase program, covering up to 17.7% of outstanding shares, and declared a quarterly dividend of $0.33 per share. Analysts maintain a “Moderate Buy” consensus with an average price target of $191.67.

Great Lakes Advisors LLC bought a new stake in shares of Globe Life Inc. (NYSE:GL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 59,247 shares of the company's stock, valued at approximately $10,586,000. Great Lakes Advisors LLC owned about 0.08% of Globe Life at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GL. Compound Planning Inc. grew its position in Globe Life by 4.3% during the fourth quarter. Compound Planning Inc. now owns 1,968 shares of the company's stock valued at $275,000 after buying an additional 82 shares during the period. Root Financial Partners LLC raised its position in Globe Life by 23.3% in the first quarter. Root Financial Partners LLC now owns 439 shares of the company's stock worth $61,000 after acquiring an additional 83 shares during the period. Parallel Advisors LLC raised its position in Globe Life by 5.6% in the fourth quarter. Parallel Advisors LLC now owns 1,651 shares of the company's stock worth $231,000 after acquiring an additional 87 shares during the period. First United Bank & Trust boosted its stake in Globe Life by 2.1% in the first quarter. First United Bank & Trust now owns 4,355 shares of the company's stock valued at $606,000 after acquiring an additional 90 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Globe Life by 4.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,366 shares of the company's stock valued at $329,000 after acquiring an additional 91 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Cheryl Alston sold 8,258 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $179.24, for a total value of $1,480,163.92. Following the sale, the director owned 16,621 shares in the company, valued at approximately $2,979,148.04. This trade represents a 33.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frank M. Svoboda sold 20,000 shares of the firm's stock in a transaction dated 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 sale, 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. Over the last three months, insiders sold 179,844 shares of company stock worth $31,616,279. Company insiders own 2.11% of the company's stock.

Globe Life Trading Down 0.7%

Shares of GL opened at $178.10 on Wednesday. Globe Life Inc. has a twelve month low of $127.85 and a twelve month high of $191.55. The stock has a market cap of $13.69 billion, a PE ratio of 11.83 and a beta of 0.48. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.43. The business's 50-day moving average price is $177.99 and its 200-day moving average price is $157.99.

Globe Life (NYSE:GL - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $3.61 EPS for the quarter, missing analysts' consensus estimates of $3.67 by ($0.06). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. Globe Life had a net margin of 19.58% and a return on equity of 20.52%. Globe Life's revenue was up 8.0% compared to the same quarter last year. 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 forecast that Globe Life Inc. will post 15.71 EPS for the current fiscal year.

Globe Life declared that its board has approved a share buyback plan on Monday, August 10th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 17.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Globe Life Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Monday, October 5th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, October 5th. Globe Life's dividend payout ratio (DPR) is presently 8.76%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GL shares. Jefferies Financial Group raised their price target on shares of Globe Life from $147.00 to $166.00 and gave the stock a "hold" rating in a research note on Friday, July 10th. Keefe, Bruyette & Woods dropped their price objective on Globe Life from $192.00 to $190.00 and set an "outperform" rating on the stock in a research note on Friday, July 24th. Morgan Stanley increased their price objective on Globe Life from $181.00 to $208.00 and gave the company an "overweight" rating in a report on Monday, July 6th. Wells Fargo & Company boosted their target price on Globe Life from $172.00 to $193.00 and gave the company an "overweight" rating in a research note on Thursday, July 9th. Finally, TD Cowen upped their price target on Globe Life from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.67.

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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