Globe Life (GL) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Globe Life in the last twelve months. There are currently 1 sell rating, 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GL shares.
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8 brokers have issued 1-year price objectives for Globe Life's shares. Their GL share price forecasts range from $112.00 to $140.00. On average, they expect the company's stock price to reach $127.50 in the next year. This suggests a possible upside of 21.2% from the stock's current price.
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Globe Life's stock was trading at $120.55 on January 1st, 2023. Since then, GL shares have decreased by 12.7% and is now trading at $105.24.
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Globe Life saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,210,000 shares, an increase of 5.2% from the April 30th total of 1,150,000 shares. Based on an average trading volume of 561,000 shares, the short-interest ratio is presently 2.2 days. Approximately 1.3% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our GL earnings forecast.

Globe Life Inc. (NYSE:GL) posted its quarterly earnings results on Wednesday, May, 3rd. The company reported $2.53 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.06. The business earned $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion. Globe Life had a net margin of 15.28% and a trailing twelve-month return on equity of 19.20%. The business's revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 earnings per share.
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Globe Life declared a quarterly dividend on Thursday, February 23rd. Stockholders of record on Monday, April 3rd will be given a dividend of $0.225 per share on Monday, May 1st. This represents a $0.90 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, March 31st. This is a boost from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for GL.

ETFs with the largest weight of Globe Life (NYSE:GL) stock in their portfolio include Invesco DWA Financial Momentum ETF (PFI), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), ASYMmetric Smart S&P 500 ETF (ASPY), SPDR S&P Insurance ETF (KIE), Dividend Performers ETF (IPDP), iShares U.S. Insurance ETF (IAK), Invesco S&P 500 Equal Weight Financials ETF (RYF) and First Trust Horizon Managed Volatility Domestic ETF (HUSV).

Globe Life (NYSE:GL) pays an annual dividend of $0.90 per share and currently has a dividend yield of 0.86%. 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 11.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GL will have a dividend payout ratio of 8.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GL.

Globe Life updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $10.28-$10.52 for the period, compared to the consensus earnings per share estimate of $10.34. The company issued revenue guidance of -.

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 Raytheon Technologies (RTX).

Globe Life trades on the New York Stock Exchange (NYSE) under the ticker symbol "GL."

Globe Life's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.65%), Wellington Management Group LLP (5.52%), State Street Corp (4.02%), FMR LLC (2.79%), JPMorgan Chase & Co. (2.80%) and Boston Partners (2.53%). Insiders that own company stock include Carol A Mccoy, Charles E Adair, Christopher Todd Moore, David Kendall Carlson, Frank M Svoboda, Frank M Svoboda, Gary L Coleman, James Eric Mcpartland, 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, Terren S Peizer and W Michael Pressley.
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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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One share of GL stock can currently be purchased for approximately $105.24.

Globe Life (NYSE:GL) has a market capitalization of $10.06 billion and generates $5.21 billion in revenue each year. The company earns $739.70 million in net income (profit) each year or $8.11 on an earnings per share basis.

The company employs 3,543 workers across the globe.

Globe Life's mailing address is 3700 South Stonebridge Drive, McKinney TX, 75070. The official website for the company is www.globelifeinsurance.com. The company can be reached via phone at (972) 569-4000, via email at tmkir@torchmarkcorp.com, or via fax at 972-569-3282.