Swedbank AB Buys 130,000 Shares of Globe Life Inc. $GL

Key Points

• Swedbank AB increased its stake in Globe Life by 15.6%, buying 130,000 shares in Q4 to hold 962,000 shares (about 1.21% of the company) valued at roughly $134.55 million.
• Analysts have an average rating of Buy on Globe Life with an average price target of $172.67 (two Strong Buy, seven Buy, two Hold).
• Insiders sold 121,470 shares worth about $17.99 million in the last 90 days (insiders now own 2.11%); the company pays a quarterly dividend of $0.33 (annualized $1.32, ~0.9% yield) and has a market cap of $12.12 billion with a P/E of 10.68.

Swedbank AB lifted its stake in shares of Globe Life Inc. (NYSE:GL - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 962,000 shares of the company's stock after purchasing an additional 130,000 shares during the period. Swedbank AB owned 1.21% of Globe Life worth $134,545,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Allianz Asset Management GmbH lifted its position in shares of Globe Life by 55.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 82,263 shares of the company's stock valued at $11,761,000 after buying an additional 29,256 shares during the last quarter. Retirement Systems of Alabama bought a new position in shares of Globe Life during the 3rd quarter worth $2,470,000. Pzena Investment Management LLC increased its holdings in Globe Life by 5.6% in the 3rd quarter. Pzena Investment Management LLC now owns 998,506 shares of the company's stock worth $142,756,000 after acquiring an additional 52,523 shares during the last quarter. MGO One Seven LLC bought a new stake in Globe Life in the 3rd quarter valued at about $1,364,000. Finally, SG Americas Securities LLC raised its stake in Globe Life by 909.6% in the 4th quarter. SG Americas Securities LLC now owns 99,746 shares of the company's stock valued at $13,950,000 after acquiring an additional 89,866 shares during the period. Institutional investors own 81.61% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Evercore set a $157.00 target price on shares of Globe Life in a research report on Wednesday, February 18th. Texas Capital raised shares of Globe Life to a "strong-buy" rating in a research report on Wednesday, March 18th. Weiss Ratings cut shares of Globe Life from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, April 27th. Piper Sandler raised shares of Globe Life to a "strong-buy" rating in a report on Thursday, April 2nd. Finally, Keefe, Bruyette & Woods reiterated a "moderate buy" rating and issued a $168.00 price objective on shares of Globe Life in a research note on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Globe Life has an average rating of "Buy" and an average price target of $172.67.

Globe Life Stock Up 0.2%

Shares of NYSE GL opened at $154.49 on Thursday. Globe Life Inc. has a 52 week low of $116.73 and a 52 week high of $156.69. The business has a 50-day simple moving average of $144.75 and a two-hundred day simple moving average of $140.27. 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 company has a market cap of $12.12 billion, a P/E ratio of 10.68 and a beta of 0.50.

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 for the quarter, missing the consensus estimate of $3.46 by ($0.03). Globe Life had a net margin of 19.38% and a return on equity of 21.30%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the company earned $3.07 earnings per share. The company's quarterly revenue was up 5.3% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Research analysts anticipate that Globe Life Inc. will post 15.53 earnings per share for the current fiscal year.

Globe Life Announces Dividend

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

Insider Buying and Selling at Globe Life

In other Globe Life news, CMO Jennifer Allison Haworth sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $143.14, for a total value of $1,431,400.00. Following the sale, the chief marketing officer directly owned 17,479 shares in the company, valued at $2,501,944.06. This represents a 36.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert Edward Hensley sold 712 shares of the firm's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $142.59, for a total transaction of $101,524.08. Following the completion of the transaction, the executive vice president directly owned 8,580 shares of the company's stock, valued at approximately $1,223,422.20. The trade was a 7.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 121,470 shares of company stock worth $17,988,368 in the last ninety days. Insiders own 2.11% of the company's stock.

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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