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MarketBeat Week in Review – 5/29 - 6/2
15 A.I. Trading Opportunities a Day (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
15 A.I. Trading Opportunities a Day (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
15 A.I. Trading Opportunities a Day (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Twitter executive responsible for content safety resigns after Elon Musk criticism
NYSE:GL

Globe Life (GL) Stock Forecast, Price & News

$107.04
+3.26 (+3.14%)
(As of 06/2/2023 ET)
Compare
Today's Range
$104.81
$107.26
50-Day Range
$103.15
$110.02
52-Week Range
$87.87
$123.85
Volume
440,979 shs
Average Volume
467,953 shs
Market Capitalization
$10.23 billion
P/E Ratio
13.20
Dividend Yield
0.84%
Price Target
$127.50

Globe Life MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
19.1% Upside
$127.50 Price Target
Short Interest
Healthy
1.29% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.26
Upright™ Environmental Score
News Sentiment
0.74mentions of Globe Life in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$446,700 Sold Last Quarter
Proj. Earnings Growth
8.38%
From $10.38 to $11.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Finance Sector

293rd out of 873 stocks

Life Insurance Industry

9th out of 21 stocks


GL stock logo

About Globe Life (NYSE:GL) Stock

Globe Life, Inc. is a holding company, which engages in the provision of individual life and supplemental health insurance products and services. It operates through the following segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. The Life Insurance segment includes traditional and interest-sensitive whole life insurance as well as term life insurances. The Supplement Health Insurance segment provides generally guaranteed-renewable and include Medicare, critical illness, accident, and limited-benefit supplement hospital, and surgical coverage. The Annuities segment refers to fixed-benefit contracts. The Investments segment covers the investment portfolio. The company was founded on November 19, 1979, and is headquartered in McKinney, TX.

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GL Stock News Headlines

15 A.I. Trading Opportunities a Day
Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.
Globe Life Inc. (NYSE:GL) Short Interest Up 5.2% in May
Globe Life Insurance Review | Money
15 A.I. Trading Opportunities a Day
Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.
StockNews.com Begins Coverage on Globe Life (NYSE:GL)
Brokerages Set Globe Life Inc. (NYSE:GL) PT at $127.50
8 Analysts Have This to Say About Globe Life
Q1 2023 Globe Life Inc Earnings Call
See More Headlines

GL Price History

GL Company Calendar

Ex-Dividend for 5/1 Dividend
3/31/2023
Dividend Payable
5/01/2023
Last Earnings
5/03/2023
Today
6/03/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$127.50
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$112.00
Forecasted Upside/Downside
+19.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$739.70 million
Pretax Margin
16.95%

Debt

Sales & Book Value

Annual Sales
$5.21 billion
Cash Flow
$15.16 per share
Book Value
$40.25 per share

Miscellaneous

Free Float
91,417,000
Market Cap
$10.23 billion
Optionable
Optionable
Beta
0.79

Key Executives

  • Frank M. Svoboda
    Co-Chairman & Co-Chief Executive Officer
  • James Matthew Darden
    Co-Chairman & Co-Chief Executive Officer
  • Thomas Peter Kalmbach
    Chief Financial Officer & Executive Vice President
  • Christopher k. Tyler
    Executive VP & Chief Information Officer
  • Joel P. Scarborough
    Senior Vice President-Legal & Compliance













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 1 sell rating, 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" GL shares.
View GL analyst ratings
or view top-rated stocks.

What is Globe Life's stock price forecast for 2023?

8 brokers have issued 12-month target prices 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 twelve months. This suggests a possible upside of 19.1% 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 at the beginning of 2023. Since then, GL shares have decreased by 11.2% and is now trading at $107.04.
View the best growth stocks for 2023 here
.

Are investors shorting Globe Life?

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 currently 2.2 days. Approximately 1.3% 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, July 26th 2023.
View our GL earnings forecast
.

How were Globe Life's earnings last quarter?

Globe Life Inc. (NYSE:GL) announced its earnings results on Wednesday, May, 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.06. The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.36 billion. Globe Life had a trailing twelve-month return on equity of 19.20% and a net margin of 15.28%. Globe Life's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 EPS.
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 Thursday, February 23rd. Shareholders 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 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Friday, March 31st. This is a positive change from the stock's previous quarterly dividend of $0.21.
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 0.87%. 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.

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

Globe Life issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $10.28-$10.52 for the period, compared to the consensus estimate of $10.34. 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 Raytheon Technologies (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 variety of institutional and retail 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.
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 $107.04.

How much money does Globe Life make?

Globe Life (NYSE:GL) has a market capitalization of $10.23 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.

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 6/4/2023 by MarketBeat.com Staff

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