Globe Life (NYSE:GL) Posts Earnings Results

Globe Life (NYSE:GL) issued its quarterly earnings results on Wednesday. The company reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.02, Zacks reports. Globe Life had a net margin of 19.04% and a return on equity of 22.91%. Globe Life updated its FY 2025 guidance to 13.450-14.050 EPS.

Globe Life Stock Down 1.0 %

Shares of GL traded down $1.23 during midday trading on Thursday, hitting $121.84. The company had a trading volume of 176,167 shares, compared to its average volume of 535,732. The firm has a market capitalization of $10.23 billion, a P/E ratio of 10.29 and a beta of 0.81. Globe Life has a 1 year low of $38.95 and a 1 year high of $132.00. The company’s 50-day simple moving average is $112.78 and its 200-day simple moving average is $106.53. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.05 and a current ratio of 0.05.

Globe Life Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Monday, January 6th. Globe Life’s dividend payout ratio (DPR) is presently 8.12%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GL. Keefe, Bruyette & Woods raised their price target on shares of Globe Life from $135.00 to $137.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. BMO Capital Markets started coverage on shares of Globe Life in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $114.00 target price for the company. Truist Financial lifted their target price on shares of Globe Life from $90.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Raymond James increased their price target on shares of Globe Life from $160.00 to $188.00 and gave the stock a “strong-buy” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group increased their price target on shares of Globe Life from $107.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Globe Life currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.18.

Insider Activity

In related news, CMO Jennifer Allison Haworth sold 9,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $112.91, for a total value of $1,016,190.00. Following the completion of the transaction, the chief marketing officer now owns 13,485 shares in the company, valued at $1,522,591.35. This trade represents a 40.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.23, for a total value of $339,690.00. Following the completion of the transaction, the director now directly owns 5,122 shares in the company, valued at $579,964.06. The trade was a 36.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,788 shares of company stock valued at $4,429,779. Company insiders own 1.51% of the company’s stock.

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.