Globe Life Stock Price, News & Analysis (NYSE:GL)

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Globe Life in the last twelve months. There are currently 3 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GL shares.
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8 brokerages have issued 12 month target prices for Globe Life's shares. Their GL share price targets range from $118.00 to $160.00. On average, they expect the company's share price to reach $134.38 in the next year. This suggests a possible upside of 9.2% from the stock's current price.
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Globe Life's stock was trading at $120.55 at the beginning of 2023. Since then, GL stock has increased by 2.1% and is now trading at $123.04.
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Globe Life saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 1,090,000 shares, a decline of 14.8% from the October 31st total of 1,280,000 shares. Based on an average trading volume of 526,600 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.2% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
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Globe Life Inc. (NYSE:GL) announced its quarterly earnings data on Wednesday, October, 25th. The company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.65 by $0.06. The company earned $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. Globe Life had a trailing twelve-month return on equity of 22.60% and a net margin of 16.95%. Globe Life's quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 earnings per share.
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Globe Life declared a quarterly dividend on Tuesday, November 14th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.225 per share on Thursday, February 1st. This represents a $0.90 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, January 4th.
Read our dividend analysis for GL.

Globe Life (NYSE:GL) pays an annual dividend of $0.90 per share and currently has a dividend yield of 0.73%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 9.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GL will have a dividend payout ratio of 7.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GL.

ETFs with the largest weight of Globe Life (NYSE:GL) stock in their portfolio include SPDR S&P Insurance ETF (KIE), ASYMshares ASYMmetric S&P 500 ETF (ASPY), Dividend Performers ETF (IPDP), iShares U.S. Insurance ETF (IAK), Invesco S&P 500 Equal Weight Financials ETF (RSPF), WisdomTree U.S. Multifactor Fund (USMF), IQ Candriam ESG U.S. Mid Cap Equity ETF (IQSM) and Timothy Plan US Large Cap Core ETF (TPLC).

Globe Life issued an update on its FY24 earnings guidance on Wednesday, October, 25th. The company provided earnings per share (EPS) guidance of $11.00-11.60 for the period, compared to the consensus earnings per share estimate of $11.36.

Based on aggregate information from My MarketBeat watchlists, some companies that other Globe Life investors own include AT&T (T), AbbVie (ABBV), Chevron (CVX), International Business Machines (IBM), Intel (INTC), Johnson & Johnson (JNJ), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM), Coca-Cola (KO) and RTX (RTX).

Globe Life's stock is owned by many different retail and institutional investors. Top institutional investors include Wellington Management Group LLP (5.37%), JPMorgan Chase & Co. (4.51%), Boston Partners (2.52%), FMR LLC (2.53%), Invesco Ltd. (2.02%) and Morgan Stanley (1.21%). Insiders that own company stock include Carol A Mccoy, Charles E Adair, Cheryl Alston, Christopher Todd Moore, David Kendall Carlson, Frank M Svoboda, Frank M Svoboda, Gary L Coleman, James Eric Mcpartland, James Matthew Darden, Jason A Harvey, Jennifer Allison Haworth, John Henry Rogers, Jr, Kenneth J Matson, Larry M Hutchison, Melissa Jane Buchan, Michael Clay Majors, Michael Shane Henrie, Pierre Beaurang, Robert Brian Mitchell, Robert W Ingram, Robert W Ingram, Steven John Dichiaro, Steven Kelly Greer and Terren S Peizer.
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Shares of GL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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