Globe Life - GL Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Globe Life in the last year. There are currently 1 sell rating, 1 hold rating, 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.
View GL analyst ratings or view top-rated stocks.

7 brokers have issued twelve-month price targets for Globe Life's shares. Their GL share price forecasts range from $112.00 to $140.00. On average, they anticipate the company's share price to reach $127.14 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price.
View analysts price targets for GL or view top-rated stocks among Wall Street analysts.

Globe Life's stock was trading at $120.55 at the beginning of the year. Since then, GL stock has decreased by 0.7% and is now trading at $119.65.
View the best growth stocks for 2023 here.

Globe Life saw a decrease in short interest in December. As of December 30th, there was short interest totaling 1,000,000 shares, a decrease of 15.3% from the December 15th total of 1,180,000 shares. Based on an average daily trading volume, of 610,900 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.1% of the shares of the company are sold short.
View Globe Life's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our GL earnings forecast.

Globe Life will be holding an earnings conference call on Thursday, February 2nd at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Globe Life Inc. (NYSE:GL) released its quarterly earnings data on Tuesday, October, 19th. The company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.89 by $0.11. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.26 billion. Globe Life had a net margin of 13.61% and a trailing twelve-month return on equity of 12.02%. Globe Life's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 earnings per share.
Read the conference call transcript.

Globe Life declared a quarterly dividend on Tuesday, December 13th. Stockholders of record on Friday, January 6th will be given a dividend of $0.2075 per share on Wednesday, February 1st. This represents a $0.83 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, January 5th.
Read our dividend analysis for GL.

Globe Life (NYSE:GL) pays an annual dividend of $0.83 per share and currently has a dividend yield of 0.68%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 11.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GL will have a dividend payout ratio of 8.50% 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, November, 2nd. The company provided EPS guidance of $9.00-$9.70 for the period, compared to the consensus EPS estimate of $9.40. 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 investors include Copeland Capital Management LLC (0.20%), Willis Investment Counsel (0.17%), Natixis Advisors L.P. (0.14%), Leavell Investment Management Inc. (0.13%), New York State Teachers Retirement System (0.12%) and Leith Wheeler Investment Counsel Ltd. (0.11%). 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, 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.

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.

One share of GL stock can currently be purchased for approximately $119.65.

Globe Life (NYSE:GL) has a market capitalization of $11.64 billion and generates $5.11 billion in revenue each year. The company earns $744.96 million in net income (profit) each year or $7.09 on an earnings per share basis.

The company employs 3,222 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.