Rep. Lisa C. McClain Purchases Shares of Globe Life Inc. (NYSE:GL)

Key Points

• Representative Lisa C. McClain purchased between $1,001 and $15,000 in shares of Globe Life Inc. (NYSE: GL) on June 17th, as disclosed in a recent filing.
• Globe Life announced a quarterly dividend of $0.27, which will be paid on October 31st, with an ex-dividend date of October 3rd, representing an annualized dividend yield of 0.8%.
• Wells Fargo and JPMorgan have recently increased their price targets for Globe Life shares, now set at up to $160.00, with multiple analysts rating the stock as a "buy".

Representative Lisa C. McClain (R-Michigan) recently bought shares of Globe Life Inc. NYSE: GL. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Globe Life stock on June 17th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Globe Life Trading Down 0.9%

NYSE GL traded down $1.2190 during trading hours on Monday, hitting $140.0210. 211,362 shares of the company were exchanged, compared to its average volume of 651,981. The stock has a 50-day moving average price of $128.81 and a 200 day moving average price of $124.92. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.43. Globe Life Inc. has a 52 week low of $99.04 and a 52 week high of $144.00. The stock has a market cap of $11.34 billion, a PE ratio of 11.20 and a beta of 0.56.

Globe Life (NYSE:GL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.25 by $0.02. Globe Life had a return on equity of 21.24% and a net margin of 18.11%.The company had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous year, the firm posted $2.97 earnings per share. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. Globe Life has set its FY 2025 guidance at 14.250-14.650 EPS. Analysts forecast that Globe Life Inc. will post 13.87 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 3rd. Globe Life's payout ratio is presently 8.63%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wall Street Zen upgraded Globe Life from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Morgan Stanley boosted their price target on Globe Life from $166.00 to $171.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Truist Financial started coverage on Globe Life in a report on Tuesday, July 15th. They issued a "buy" rating and a $150.00 price target for the company. Piper Sandler lowered their price target on Globe Life from $152.00 to $147.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods boosted their price target on Globe Life from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Globe Life presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.45.

Hedge Funds Weigh In On Globe Life

A number of large investors have recently made changes to their positions in GL. Bessemer Group Inc. increased its position in shares of Globe Life by 3.8% during the fourth quarter. Bessemer Group Inc. now owns 11,774 shares of the company's stock worth $1,313,000 after purchasing an additional 430 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Globe Life by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 39,048 shares of the company's stock worth $4,355,000 after purchasing an additional 250 shares in the last quarter. Barclays PLC increased its position in shares of Globe Life by 16.1% during the fourth quarter. Barclays PLC now owns 287,993 shares of the company's stock worth $32,116,000 after purchasing an additional 39,846 shares in the last quarter. Mariner LLC increased its position in shares of Globe Life by 9.5% during the fourth quarter. Mariner LLC now owns 31,355 shares of the company's stock worth $3,497,000 after purchasing an additional 2,733 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of Globe Life in the 4th quarter valued at $120,000. 81.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Globe Life news, CFO Thomas Peter Kalmbach sold 28,952 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $140.97, for a total transaction of $4,081,363.44. Following the sale, the chief financial officer directly owned 30,665 shares of the company's stock, valued at approximately $4,322,845.05. This trade represents a 48.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frank M. Svoboda sold 12,500 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $141.38, for a total value of $1,767,250.00. Following the sale, the chief executive officer directly owned 32,747 shares in the company, valued at $4,629,770.86. This represents a 27.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,722 shares of company stock valued at $11,733,793 over the last quarter. 1.97% of the stock is currently owned by company insiders.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Globe Life

Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates in four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.