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 year. There are currently 4 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GL shares.
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8 Wall Street analysts have issued 12 month price targets for Globe Life's stock. Their GL share price forecasts range from $118.00 to $140.00. On average, they expect the company's stock price to reach $128.63 in the next twelve months. This suggests a possible upside of 17.5% from the stock's current price.
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Globe Life's stock was trading at $120.55 at the beginning of the year. Since then, GL stock has decreased by 9.2% and is now trading at $109.43.
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Globe Life saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 792,300 shares, a decline of 10.7% from the August 15th total of 887,600 shares. Based on an average trading volume of 466,500 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.9% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our GL earnings forecast.

Globe Life Inc. (NYSE:GL) announced its quarterly earnings data on Wednesday, July, 26th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.57 by $0.04. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.37 billion. Globe Life had a net margin of 15.91% and a trailing twelve-month return on equity of 21.82%. The company's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.07 earnings per share.
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Globe Life declared a quarterly dividend on Tuesday, September 12th. Investors 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 yield of 0.82%. The ex-dividend date is Thursday, October 5th.
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), 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).

Globe Life (NYSE:GL) pays an annual dividend of $0.90 per share and currently has a dividend yield of 0.81%. 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.

Globe Life updated its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $10.37-$10.57 for the period, compared to the consensus earnings per share estimate of $10.41. 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 RTX (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 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.
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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 $109.43.

Globe Life (NYSE:GL) has a market capitalization of $10.36 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.

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.