NYSE:GL Globe Life (GL) Stock Forecast, Price & News $110.34 +0.91 (+0.83%) (As of 09/28/2023 ET) Add Compare Share Share Today's Range$109.89▼$110.7550-Day Range$108.63▼$115.3652-Week Range$99.36▼$123.85Volume424,598 shsAverage Volume514,086 shsMarket Capitalization$10.45 billionP/E Ratio12.89Dividend Yield0.82%Price Target$128.63 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Globe Life MarketRank™ ForecastAnalyst RatingModerate Buy2.63 Rating ScoreUpside/Downside16.6% Upside$128.63 Price TargetShort InterestHealthy0.84% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.26Upright™ Environmental ScoreNews Sentiment0.53Based on 3 Articles This WeekInsider TradingSelling Shares$3.77 M Sold Last QuarterProj. Earnings Growth8.21%From $10.48 to $11.34 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.67 out of 5 starsFinance Sector267th out of 877 stocksLife Insurance Industry8th out of 22 stocks 2.3 Analyst's Opinion Consensus RatingGlobe Life has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $128.63, Globe Life has a forecasted upside of 16.6% from its current price of $110.34.Amount of Analyst CoverageGlobe Life has only been the subject of 2 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted0.84% of the float of Globe Life has been sold short.Short Interest Ratio / Days to CoverGlobe Life has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Globe Life has recently decreased by 2.03%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend YieldGlobe Life has a dividend yield of 0.82%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthGlobe Life has been increasing its dividend for 18 years.Dividend CoverageThe dividend payout ratio of Globe Life is 10.51%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Globe Life will have a dividend payout ratio of 7.94% next year. This indicates that Globe Life will be able to sustain or increase its dividend. Previous Next 3.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGlobe Life has received a 26.53% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Life insurance services for individuals", "Life insurance services for groups", and "Accident insurance services for individuals" products. See details.Environmental SustainabilityThe Environmental Impact score for Globe Life is -0.26. Previous Next 2.0 News and Social Media Coverage News SentimentGlobe Life has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Globe Life this week, compared to 6 articles on an average week.Search Interest5 people have searched for GL on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Globe Life to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Globe Life insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,770,767.00 in company stock.Percentage Held by InsidersOnly 4.33% of the stock of Globe Life is held by insiders.Percentage Held by Institutions80.04% of the stock of Globe Life is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Globe Life are expected to grow by 8.21% in the coming year, from $10.48 to $11.34 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Globe Life is 12.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Globe Life is 12.89, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 75.56.Price to Book Value per Share RatioGlobe Life has a P/B Ratio of 2.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Globe Life (NYSE:GL) StockGlobe 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.Read More GL Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GL Stock News HeadlinesSeptember 26, 2023 | americanbankingnews.comGlobe Life (NYSE:GL) Lowered to "Hold" at StockNews.comSeptember 26, 2023 | msn.comGlobe Life Field gets rave reviews from out-of-townersSeptember 28, 2023 | Stansberry Research (Ad)U.S. "Shadow Banks" About to Blow up again?Analyst who called Lehman crash says our biggest calamities (1907, 1929, 2007, etc) all start in the same spot--and it’s about to happen again. More here.September 21, 2023 | markets.businessinsider.comTAKE ME OUT TO THE BALL PARK! A KID AGAIN BRINGING BASEBALL TO KIDS WITH LIFE-THREATENING CONDITIONSSeptember 21, 2023 | usatoday.comGlobe Life insurance review 2023September 15, 2023 | msn.comJefferies Maintains Globe Life (GL) Hold RecommendationSeptember 14, 2023 | finance.yahoo.comInsider Sell: SVP & Chief Accounting Officer Michael Henrie Sells 2,500 Shares of Globe Life IncSeptember 12, 2023 | msn.comGlobe Life: Lacking An Appealing Entry PriceSeptember 28, 2023 | Stansberry Research (Ad)U.S. "Shadow Banks" About to Blow up again?Analyst who called Lehman crash says our biggest calamities (1907, 1929, 2007, etc) all start in the same spot--and it’s about to happen again. More here.September 10, 2023 | msn.com3 takeaways from Rangers’ much-needed series win vs. A’s: Offense comes back to lifeSeptember 4, 2023 | finance.yahoo.comHere's Why You Should Invest in Globe Life (GL) Stock NowSeptember 1, 2023 | yahoo.comRegulators open probes, Warren Buffett dumps stock as claims of abuse and fraud mount against a top Globe Life agencyAugust 31, 2023 | businessinsider.comWarren Buffett dumps stock, regulators open probes as claims of abuse and fraud mount against a top Globe Life agencyAugust 29, 2023 | msn.comJonas Brothers at Globe Life Field: how long is concert in Arlington? Start and end timeAugust 25, 2023 | benzinga.comGlobe Life Inc. (GL) Stock News: Robbins is Investigating the Officers and Directors of Globe Life Inc.August 25, 2023 | finance.yahoo.comGlobe Life (GL) Up 0.3% Since Last Earnings Report: Can It Continue?August 22, 2023 | finance.yahoo.comRithm (RITM) & Partners to Buy $120M BTR Project in VirginiaAugust 21, 2023 | finance.yahoo.comGlobe Life Inc. (NYSE:GL) On An Uptrend: Could Fundamentals Be Driving The Stock?August 20, 2023 | dallasnews.comDid Globe Life Field roof contribute to Rangers’ Bruce Bochy coming out of retirement?August 20, 2023 | sports.yahoo.comLive updates: Milwaukee Brewers at Texas Rangers, lineup and game updates at Globe LifeAugust 19, 2023 | msn.comRowdy Texas Rangers Fans Taking Over, Bringing Playoff Vibe to Globe Life FieldAugust 18, 2023 | msn.comLive coverage: Milwaukee Brewers vs. Texas Rangers at Globe Life Field game, score updatesAugust 18, 2023 | markets.businessinsider.comWhat 5 Analyst Ratings Have To Say About Globe LifeAugust 18, 2023 | msn.comMorgan Stanley Upgrades Globe Life (GL)August 16, 2023 | marketwatch.comGlobe Life Inc. stock underperforms Wednesday when compared to competitors despite daily gainsAugust 16, 2023 | msn.comRangers fans aim for playoff atmosphere at Globe Life Field with ‘Texas Sized Takeover’August 15, 2023 | msn.comShohei Ohtani has dominated at Globe Life Field, but the Rangers may see less of him soonSee More Headlines Receive GL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Globe Life and its competitors with MarketBeat's FREE daily newsletter. Email Address GL Company Calendar Ex-Dividend for 8/1 Dividend7/03/2023Last Earnings7/26/2023Dividend Payable8/01/2023Today9/28/2023Ex-Dividend for 11/1 Dividend10/05/2023Next Earnings (Estimated)10/25/2023Dividend Payable11/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Life insurance Sub-IndustryN/A SectorFinance Current SymbolNYSE:GL CUSIPN/A CIK320335 Webwww.globelifeinsurance.com Phone(972) 569-4000Fax972-569-3282Employees3,543Year FoundedN/APrice Target and Rating Average Stock Price Forecast$128.63 High Stock Price Forecast$140.00 Low Stock Price Forecast$118.00 Forecasted Upside/Downside+17.0%Consensus RatingModerate Buy Rating Score (0-4)2.63 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$8.56 Trailing P/E Ratio12.85 Forward P/E Ratio10.49 P/E GrowthN/ANet Income$739.70 million Net Margins15.91% Pretax Margin16.62% Return on Equity21.82% Return on Assets3.59% Debt Debt-to-Equity Ratio0.45 Current Ratio0.05 Quick Ratio0.05 Sales & Book Value Annual Sales$5.21 billion Price / Sales2.00 Cash Flow$14.74 per share Price / Cash Flow7.46 Book Value$50.33 per share Price / Book2.18Miscellaneous Outstanding Shares94,710,000Free Float90,606,000Market Cap$10.41 billion OptionableOptionable Beta0.79 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Frank Martin Svoboda (Age 61)Co-Chairman & Co-CEO Comp: $1.22MMr. James Matthew Darden (Age 52)Co-Chairman & Co-CEO Comp: $1.21MMr. Michael Clay Majors (Age 60)Exec. VP of Policy Acquisition & Chief Strategy Officer Comp: $714.09kMr. Steven Kelly Greer (Age 50)Chief Exec. Officer of American Income Life Division Comp: $800.67kMr. Thomas Peter Kalmbach (Age 58)Exec. VP & CFO Robert E. Hensley (Age 55)Exec. VP & Chief Investment Officer Mr. M. Shane Henrie (Age 49)Corp. Sr. VP & Chief Accounting Officer Christopher K. Tyler (Age 49)Exec. VP & Chief Information Officer Ms. Dolores L. Skarjune (Age 57)Exec. VP & Chief Admin. Officer Mr. Robert Brian Mitchell (Age 59)Exec. VP, Gen. Counsel & Chief Risk Officer More ExecutivesKey CompetitorsReinsurance Group of AmericaNYSE:RGACorebridge FinancialNYSE:CRBGAegonNYSE:AEGVoya FinancialNYSE:VOYAPrimericaNYSE:PRIView All CompetitorsInsiders & InstitutionsBarclays PLCBought 8,995 shares on 9/21/2023Ownership: 0.181%Michael Shane HenrieSold 2,500 sharesTotal: $275,925.00 ($110.37/share)Robert Brian MitchellSold 16,217 sharesTotal: $1.82 M ($111.97/share)Narus Financial Partners LLCBought 1,966 shares on 8/30/2023Ownership: 0.002%Michael Shane HenrieSold 1,325 sharesTotal: $147,340.00 ($111.20/share)View All Insider TransactionsView All Institutional Transactions GL Stock - Frequently Asked Questions Should I buy or sell Globe Life stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Globe Life in the last twelve months. There are currently 4 hold ratings, 3 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 forecast for 2023? 8 analysts have issued 1 year price targets for Globe Life's shares. Their GL share price forecasts range from $118.00 to $140.00. On average, they expect the company's share price to reach $128.63 in the next year. This suggests a possible upside of 17.0% 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 2023? Globe Life's stock was trading at $120.55 on January 1st, 2023. Since then, GL stock has decreased by 8.8% and is now trading at $109.96. View the best growth stocks for 2023 here. Are investors shorting Globe Life? Globe Life saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 792,300 shares, a drop of 10.7% from the August 15th total of 887,600 shares. Based on an average daily volume of 466,500 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.9% of the shares of the stock are sold short. 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, October 25th 2023. View our GL earnings forecast. How were Globe Life's earnings last quarter? Globe Life Inc. (NYSE:GL) posted its earnings results on Wednesday, July, 26th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.57 by $0.04. The company earned $1.33 billion during the quarter, compared to analyst estimates of $1.37 billion. Globe Life had a trailing twelve-month return on equity of 21.82% and a net margin of 15.91%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.07 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 declared a quarterly dividend on Tuesday, September 12th. Stockholders of record on Friday, October 6th will be given a dividend of $0.225 per share on Wednesday, November 1st. This represents a $0.90 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, October 5th. Read our dividend analysis for GL. What ETFs hold Globe Life's stock? ETFs with the largest weight of Globe Life (NYSE:GL) stock in their portfolio include SPDR S&P Insurance ETF (KIE), ASYMmetric Smart S&P 500ETF (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). 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 0.82%. 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 10.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GL will have a dividend payout ratio of 7.94% 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 2023 earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of $10.37-$10.57 for the period, compared to the consensus estimate of $10.41. 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). What is Globe Life's stock symbol? Globe Life trades on the New York Stock Exchange (NYSE) under the ticker symbol "GL." Who are Globe Life's major shareholders? Globe Life's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.55%), JPMorgan Chase & Co. (4.30%), State Street Corp (4.18%), Berkshire Hathaway Inc (2.65%), Boston Partners (2.52%) and Cooke & Bieler LP (2.39%). 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, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Globe Life's stock price today? One share of GL stock can currently be purchased for approximately $109.96. How much money does Globe Life make? Globe Life (NYSE:GL) has a market capitalization of $10.41 billion and generates $5.21 billion in revenue each year. The company earns $739.70 million in net income (profit) each year or $8.56 on an earnings per share basis. How many employees does Globe Life have? The company employs 3,543 workers across the globe. How can I contact Globe Life? 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. This page (NYSE:GL) was last updated on 9/28/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Globe Life Inc. 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