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NYSE:GL

Globe Life (GL) Stock Price, News & Analysis

$126.90
-0.46 (-0.36%)
(As of 05:32 PM ET)
Today's Range
$126.45
$127.72
50-Day Range
$119.14
$127.36
52-Week Range
$102.23
$132.00
Volume
460,647 shs
Average Volume
520,072 shs
Market Capitalization
$11.94 billion
P/E Ratio
12.59
Dividend Yield
0.71%
Price Target
$134.14

Globe Life MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
5.8% Upside
$134.14 Price Target
Short Interest
Healthy
1.02% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.25
Upright™ Environmental Score
News Sentiment
0.46mentions of Globe Life in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$2.96 M Sold Last Quarter
Proj. Earnings Growth
8.04%
From $11.57 to $12.50 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.10 out of 5 stars

Finance Sector

290th out of 858 stocks

Life Insurance Industry

10th out of 20 stocks


GL stock logo

About Globe Life Stock (NYSE:GL)

Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. It offers whole, term, and other life insurance products; Medicare supplement and supplemental health insurance products, such as critical illness and accident plans; and single-premium and flexible-premium deferred annuities. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was incorporated in 1979 and is headquartered in McKinney, Texas.

GL Stock Price History

GL Stock News Headlines

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The same catalyst the kicked off the three major crypto bull markets... is about to hit again on April 22, 2024
Tragic Details About David Chang's Life
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024.
The same catalyst the kicked off the three major crypto bull markets... is about to hit again on April 22, 2024
In Kingston, don’t worry about a thing
Globe Life (NYSE:GL) Rating Lowered to Hold at StockNews.com
Q4 2023 Globe Life Inc Earnings Call
Globe Life’s Strong Financials and Growth Prospects Secure Buy Rating
See More Headlines
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Company Calendar

Ex-Dividend for 2/1 Dividend
1/04/2024
Dividend Payable
2/01/2024
Last Earnings
2/07/2024
Today
2/23/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Life insurance
Sub-Industry
N/A
Employees
3,543
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$134.14
High Stock Price Target
$160.00
Low Stock Price Target
$118.00
Potential Upside/Downside
+5.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$970.76 million
Pretax Margin
21.92%

Debt

Sales & Book Value

Annual Sales
$5.45 billion
Cash Flow
$14.82 per share
Book Value
$50.33 per share

Miscellaneous

Free Float
90,026,000
Market Cap
$12.01 billion
Optionable
Optionable
Beta
0.70
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GL Stock Analysis - Frequently Asked Questions

Should I buy or sell Globe Life stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Globe Life in the last year. There are currently 3 hold ratings, 2 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.
View GL analyst ratings
or view top-rated stocks.

What is Globe Life's stock price target for 2024?

6 brokers have issued 12-month price targets for Globe Life's stock. Their GL share price targets range from $118.00 to $160.00. On average, they anticipate the company's stock price to reach $134.14 in the next twelve months. This suggests a possible upside of 5.8% from the stock's current price.
View analysts price targets for GL
or view top-rated stocks among Wall Street analysts.

How have GL shares performed in 2024?

Globe Life's stock was trading at $121.72 at the beginning of 2024. Since then, GL stock has increased by 4.2% and is now trading at $126.78.
View the best growth stocks for 2024 here
.

Are investors shorting Globe Life?

Globe Life saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 942,700 shares, an increase of 13.6% from the January 15th total of 829,900 shares. Based on an average trading volume of 536,500 shares, the short-interest ratio is currently 1.8 days. Approximately 1.0% of the company's shares are short sold.
View Globe Life's Short Interest
.

When is Globe Life's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our GL earnings forecast
.

How were Globe Life's earnings last quarter?

Globe Life Inc. (NYSE:GL) announced its quarterly earnings results on Wednesday, February, 7th. The company reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.15. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.40 billion. Globe Life had a trailing twelve-month return on equity of 24.75% and a net margin of 17.82%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.24 earnings per share.
Read the conference call transcript
.

How often does Globe Life pay dividends? What is the dividend yield for Globe Life?

Globe Life announced 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 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, January 4th.
Read our dividend analysis for GL
.

Is Globe Life a good dividend stock?

Globe Life (NYSE:GL) pays an annual dividend of $0.90 per share and currently has a dividend yield of 0.71%. 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 8.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GL will have a dividend payout ratio of 7.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GL.

What guidance has Globe Life issued on next quarter's earnings?

Globe Life issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided EPS guidance of 11.300-11.800 for the period, compared to the consensus estimate of 11.430. The company issued revenue guidance of -.

What other stocks do shareholders of Globe Life own?

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).

Who are Globe Life's major shareholders?

Globe Life's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.51%), Cooke & Bieler LP (2.51%), Boston Partners (2.09%), Dimensional Fund Advisors LP (1.28%), Norges Bank (1.08%) and Northern Trust Corp (1.03%). Insiders that own company stock include Carol A Mccoy, Charles E Adair, Cheryl Alston, Christopher Todd Moore, David Kendall Carlson, Dolores L Skarjune, Frank M Svoboda, Frank M Svoboda, Gary L Coleman, James Eric Mcpartland, James Matthew Darden, Jane Buchan, 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.
View institutional ownership trends
.

How do I buy shares of Globe Life?

Shares of GL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GL) was last updated on 2/23/2024 by MarketBeat.com Staff