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NYSE:GL

Globe Life (GL) Stock Price, News & Analysis

$83.10
-0.23 (-0.28%)
(As of 09:39 AM ET)
Today's Range
$82.47
$83.46
50-Day Range
$49.17
$119.08
52-Week Range
$38.95
$132.00
Volume
198,382 shs
Average Volume
2.18 million shs
Market Capitalization
$7.67 billion
P/E Ratio
7.94
Dividend Yield
1.16%
Price Target
$114.33

Globe Life MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
37.2% Upside
$114.33 Price Target
Short Interest
Healthy
4.57% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.23mentions of Globe Life in the last 14 days
Based on 29 Articles This Week
Insider Trading
Acquiring Shares
$331,435 Bought Last Quarter
Proj. Earnings Growth
9.56%
From $11.72 to $12.84 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.

4.99 out of 5 stars

Finance Sector

3rd out of 848 stocks

Life Insurance Industry

1st out of 18 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- and middle-income families in the United States. The company operates in 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 accident, cancer, critical illness, heart, and intensive care plans; and single-premium and flexible-premium deferred annuities. The company sells its products through its direct to consumer division, exclusive agencies, and independent agents. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was founded in 1900 and is headquartered in McKinney, Texas.

GL Stock Price History

GL Stock News Headlines

Globe Life Inc. (NYSE:GL) CFO Acquires $42,215.00 in Stock
Globe Life (NYSE:GL) Earns Strong-Buy Rating from Raymond James
A Closer Look at 10 Analyst Recommendations For Globe Life
See More Headlines
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Company Calendar

Ex-Dividend for 5/1 Dividend
4/04/2024
Last Earnings
4/22/2024
Dividend Payable
5/01/2024
Today
5/21/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Insurance—Life
Sub-Industry
N/A
Employees
3,636
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$114.33
High Stock Price Target
$160.00
Low Stock Price Target
$75.00
Potential Upside/Downside
+37.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$970.76 million
Pretax Margin
22.28%

Debt

Sales & Book Value

Annual Sales
$5.53 billion
Cash Flow
$14.47 per share
Book Value
$47.68 per share

Miscellaneous

Free Float
90,877,000
Market Cap
$7.69 billion
Optionable
Optionable
Beta
0.78
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GL Stock Analysis - Frequently Asked Questions

Should I buy or sell Globe Life stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Globe Life in the last year. There are currently 4 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.
View GL analyst ratings
or view top-rated stocks.

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

9 brokers have issued 12 month price objectives for Globe Life's stock. Their GL share price targets range from $75.00 to $160.00. On average, they predict the company's share price to reach $114.33 in the next twelve months. This suggests a possible upside of 37.2% 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 decreased by 31.5% and is now trading at $83.33.
View the best growth stocks for 2024 here
.

Are investors shorting Globe Life?

Globe Life saw a increase in short interest in April. As of April 30th, there was short interest totaling 4,200,000 shares, an increase of 22.4% from the April 15th total of 3,430,000 shares. Based on an average trading volume of 2,860,000 shares, the short-interest ratio is presently 1.5 days. Currently, 4.6% of the company's 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, July 24th 2024.
View our GL earnings forecast
.

How were Globe Life's earnings last quarter?

Globe Life Inc. (NYSE:GL) issued its earnings results on Monday, April, 22nd. The company reported $2.78 earnings per share for the quarter, missing analysts' consensus estimates of $2.79 by $0.01. The business earned $1.42 billion during the quarter, compared to the consensus estimate of $1.42 billion. Globe Life had a net margin of 18.07% and a trailing twelve-month return on equity of 23.01%. The business's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.53 EPS.
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 Monday, May 6th. Investors of record on Friday, July 5th will be paid a dividend of $0.24 per share on Thursday, August 1st. This represents a $0.96 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, July 3rd.
Read our dividend analysis for GL
.

Is Globe Life a good dividend stock?

Globe Life (NYSE:GL) pays an annual dividend of $0.96 per share and currently has a dividend yield of 1.12%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 9.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GL will have a dividend payout ratio of 7.48% 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 Monday, April, 22nd. The company provided earnings per share guidance of 11.500-12.000 for the period, compared to the consensus EPS estimate of 11.600. 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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.97%), Nordea Investment Management AB (1.06%), Equity Investment Corp (0.90%), Los Angeles Capital Management LLC (0.49%), Anchor Capital Advisors LLC (0.44%) and Pzena Investment Management LLC (0.40%). Insiders that own company stock include Charles E Adair, Cheryl Alston, Christopher Todd Moore, David A Rodriguez, David Kendall Carlson, Dolores L Skarjune, 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, Rebecca E Zorn, Robert Brian Mitchell, Robert W Ingram, Robert W Ingram, Steven John Dichiaro, Steven Kelly Greer and Thomas Peter Kalmbach.
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 5/22/2024 by MarketBeat.com Staff

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