What Happened?

Shares of insurance holding company Globe Life (NYSE: GL) jumped 2.7% in the afternoon session after TD Cowen raised its price target on the stock to $199 from $182 and maintained a "Buy" rating. 

The firm also placed Globe Life on its "Best Ideas 2026" list. Analysts pointed to the company's "attractive, scalable business" as a key factor. They noted this model supported steady growth in both sales and profits while carrying less risk from underwriting and market changes compared to its peers. The new price target represented a 9.34% increase, signaling renewed confidence from the analyst.

After the initial pop the shares cooled down to $138.86, up 2.9% from previous close.

Is now the time to buy Globe Life? Access our full analysis report here.

What Is The Market Telling Us

Globe Life’s shares are not very volatile and have only had 4 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 5 months ago when the stock gained 5.6% on the news that the company reported second-quarter earnings that beat estimates and raised its full-year profit forecast. 

The insurer posted second-quarter operating earnings per share of $3.27, which was slightly above the consensus estimate of $3.25. More significantly, Globe Life increased its full-year operating EPS forecast to a range of $14.25 to $14.65, a notable jump from the previous guidance of $13.45 to $14.05. This positive outlook overshadowed a slight miss on total revenue, which came in at $1.48 billion against an expected $1.51 billion. The company’s core insurance underwriting income also surpassed expectations, contributing to the strong bottom-line performance.

Globe Life is up 23.7% since the beginning of the year, and at $138.86 per share, it is trading close to its 52-week high of $146.55 from September 2025. Investors who bought $1,000 worth of Globe Life’s shares 5 years ago would now be looking at an investment worth $1,482.

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