Globe Life Inc. $GL Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard Group increased its stake in Globe Life by 0.9% in Q4 to 10,090,885 shares, representing a 12.68% ownership worth about $1.41 billion.
• Globe Life reported Q1 EPS of $3.43 vs. a $3.46 consensus (revenue roughly in line) and issued FY2026 guidance of 15.40–15.90 EPS, close to analysts' average forecast of 15.53.
• Company insiders have been sizable net sellers recently — including CEO and EVP sales — with 121,470 shares (~$18.0M) sold over the last 90 days, leaving insiders with 2.11% ownership.

Vanguard Group Inc. raised its holdings in shares of Globe Life Inc. (NYSE:GL - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,090,885 shares of the company's stock after purchasing an additional 86,349 shares during the quarter. Vanguard Group Inc. owned 12.68% of Globe Life worth $1,411,311,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Globe Life by 6.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,391 shares of the company's stock worth $1,237,000 after buying an additional 607 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Globe Life by 368.1% in the 1st quarter. NewEdge Advisors LLC now owns 6,806 shares of the company's stock worth $897,000 after purchasing an additional 5,352 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Globe Life by 11.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 563,021 shares of the company's stock valued at $74,161,000 after purchasing an additional 58,163 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Globe Life in the 1st quarter valued at about $428,000. Finally, Focus Partners Wealth lifted its position in shares of Globe Life by 8.3% during the first quarter. Focus Partners Wealth now owns 8,559 shares of the company's stock worth $1,127,000 after purchasing an additional 656 shares during the last quarter. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Globe Life Stock Up 1.1%

NYSE:GL opened at $154.27 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average of $144.32 and a 200-day moving average of $139.98. The firm has a market capitalization of $12.10 billion, a PE ratio of 10.67 and a beta of 0.47. Globe Life Inc. has a 52 week low of $111.13 and a 52 week high of $155.08.

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). The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. Globe Life had a return on equity of 21.30% and a net margin of 19.38%.The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the business posted $3.07 EPS. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Analysts predict that Globe Life Inc. will post 15.53 EPS for the current year.

Globe Life Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, July 6th. This represents a $1.32 annualized dividend and a dividend yield of 0.9%. Globe Life's dividend payout ratio is currently 9.13%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GL. Weiss Ratings lowered Globe Life from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday. Truist Financial increased 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. Keefe, Bruyette & Woods reiterated a "moderate buy" rating and issued a $168.00 target price on shares of Globe Life in a research report on Thursday, March 26th. Evercore set a $157.00 price target on Globe Life in a report on Wednesday, February 18th. Finally, Texas Capital raised Globe Life to a "strong-buy" rating in a research report on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $172.67.

Insiders Place Their Bets

In other Globe Life news, CEO Frank M. Svoboda sold 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $144.78, for a total value of $1,809,750.00. Following the sale, the chief executive officer owned 35,868 shares in the company, valued at approximately $5,192,969.04. This trade represents a 25.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Clay Majors sold 34,000 shares of Globe Life stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $153.81, for a total value of $5,229,540.00. Following the sale, the executive vice president directly owned 53,518 shares in the company, valued at approximately $8,231,603.58. This trade represents a 38.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 121,470 shares of company stock worth $17,988,368. 2.11% of the stock is 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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