HighTower Advisors LLC Raises Stock Position in Globe Life Inc. $GL

Key Points

• HighTower Advisors increased its Globe Life position by 78.1% in the second quarter to 19,813 shares valued at approximately $3.54 million. Institutional investors collectively own 81.61% of the company.
• Globe Life reported quarterly EPS of $3.61, below the $3.67 consensus estimate, while revenue rose 8% year over year to $1.60 billion. The company maintained 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. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $191.67, while insiders have recently sold shares.

HighTower Advisors LLC increased its position in shares of Globe Life Inc. (NYSE:GL - Free Report) by 78.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,813 shares of the company's stock after acquiring an additional 8,690 shares during the period. HighTower Advisors LLC's holdings in Globe Life were worth $3,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GL. California State Teachers Retirement System raised its position in shares of Globe Life by 17,904.1% in the second quarter. California State Teachers Retirement System now owns 16,289,720 shares of the company's stock worth $2,910,647,000 after buying an additional 16,199,242 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Globe Life in the 2nd quarter valued at about $987,901,000. Invesco Ltd. raised its holdings in shares of Globe Life by 2.7% in the 4th quarter. Invesco Ltd. now owns 3,948,676 shares of the company's stock valued at $552,262,000 after acquiring an additional 102,445 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Globe Life by 10.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,192 shares of the company's stock valued at $327,479,000 after acquiring an additional 217,331 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Globe Life by 7.2% during the 4th quarter. Morgan Stanley now owns 1,860,257 shares of the company's stock valued at $260,176,000 after acquiring an additional 125,567 shares during the last quarter. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Globe Life Stock Up 0.2%

Shares of NYSE:GL opened at $171.09 on Friday. The stock has a fifty day simple moving average of $177.70 and a two-hundred day simple moving average of $161.53. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 11.36 and a beta of 0.46. 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 announced its quarterly earnings data on Wednesday, July 22nd. The company reported $3.61 EPS for the quarter, missing the consensus estimate of $3.67 by ($0.06). The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.59 billion. Globe Life had a net margin of 19.58% and a return on equity of 20.52%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $3.05 earnings per share. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. On average, research analysts anticipate that Globe Life Inc. will post 15.71 earnings per share for the current fiscal year.

Globe Life announced that its Board of Directors has approved a share repurchase program on Monday, August 10th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 17.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Globe Life Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Monday, October 5th will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.32 annualized dividend and a yield of 0.8%. Globe Life's dividend payout ratio is 8.76%.

Insiders Place Their Bets

In other Globe Life news, EVP Michael Majors sold 37,000 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $178.64, for a total transaction of $6,609,680.00. Following the sale, the executive vice president directly owned 53,518 shares in the company, valued at approximately $9,560,455.52. This trade represents a 40.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Thomas Kalmbach sold 21,000 shares of Globe Life stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $180.06, for a total value of $3,781,260.00. Following the completion of the sale, the chief financial officer directly owned 50,568 shares of the company's stock, valued at approximately $9,105,274.08. The trade was a 29.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 141,908 shares of company stock valued at $25,573,181. 2.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on GL shares. TD Cowen boosted their price objective on Globe Life from $215.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Morgan Stanley raised their target price on shares of Globe Life from $181.00 to $208.00 and gave the company an "overweight" rating in a research note on Monday, July 6th. JPMorgan Chase & Co. lifted their target price on shares of Globe Life from $181.00 to $201.00 and gave the company an "overweight" rating in a research report on Tuesday, July 21st. Jefferies Financial Group boosted 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. Finally, Piper Sandler increased their price target on shares of Globe Life from $175.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Globe Life presently has an average rating of "Moderate Buy" and a consensus target price of $191.67.

About Globe Life

Globe Life Inc is an insurance holding company headquartered in McKinney, Texas. Through its subsidiaries, the company markets and distributes individual life insurance and supplemental health insurance products to middle-income households and other consumer segments.

Its product offerings include term and whole life insurance, mortgage protection and final expense coverage, accident and supplemental health insurance, Medicare supplement policies, and annuity products. Globe Life distributes these products through multiple channels, including direct-to-consumer marketing, agency networks, and independent agents.

The company's principal insurance businesses include Globe Life and Accident Insurance Company, American Income Life Insurance Company, Liberty National Life Insurance Company, United American Insurance Company, and Family Heritage Life Insurance Company of America.

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