Strs Ohio Acquires 14,924 Shares of Globe Life Inc. $GL

Strs Ohio increased its holdings in Globe Life Inc. (NYSE:GL - Free Report) by 213.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,907 shares of the company's stock after purchasing an additional 14,924 shares during the period. Strs Ohio's holdings in Globe Life were worth $3,064,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Mather Group LLC. bought a new position in shares of Globe Life during the third quarter valued at about $28,000. CYBER HORNET ETFs LLC bought a new stake in shares of Globe Life in the 2nd quarter valued at about $28,000. MUFG Securities EMEA plc bought a new stake in shares of Globe Life in the 2nd quarter valued at about $31,000. Quent Capital LLC purchased a new stake in Globe Life during the 3rd quarter valued at about $36,000. Finally, Torren Management LLC purchased a new stake in Globe Life during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 81.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GL shares. Piper Sandler raised Globe Life to a "strong-buy" rating in a research note on Thursday, April 2nd. Wells Fargo & Company raised their target price on shares of Globe Life from $171.00 to $172.00 and gave the stock an "overweight" rating in a report on Friday, April 10th. Weiss Ratings lowered shares of Globe Life from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, April 27th. Evercore set a $157.00 price target on shares of Globe Life in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Globe Life from $180.00 to $181.00 and gave the company an "overweight" rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Globe Life presently has an average rating of "Buy" and an average price target of $172.67.

Globe Life Stock Performance

NYSE:GL opened at $154.06 on Wednesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.39. The firm's fifty day simple moving average is $144.52 and its 200 day simple moving average is $140.12. The stock has a market cap of $12.08 billion, a P/E ratio of 10.65 and a beta of 0.50. Globe Life Inc. has a twelve month low of $116.73 and a twelve month high of $155.08.

Globe Life (NYSE:GL - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported $3.43 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 analysts' expectations 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 in the prior year, the business posted $3.07 earnings per share. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. As a group, research analysts predict that Globe Life Inc. will post 15.53 EPS for the current year.

Globe Life Announces Dividend

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

Insider Activity

In related news, CEO Frank M. Svoboda sold 12,500 shares of the company's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $144.78, for a total value of $1,809,750.00. Following the sale, the chief executive officer directly owned 35,868 shares of the company's stock, valued at $5,192,969.04. This 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 is available at this link. Also, EVP Michael Clay Majors sold 34,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 53,518 shares of the company's stock, valued at $8,231,603.58. This represents a 38.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 121,470 shares of company stock worth $17,988,368. Company insiders own 2.11% of the company's stock.

About Globe Life

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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