NYSE:GL

Globe Life (GL) Stock Price, News & Analysis

$78.60
+2.84 (+3.75%)
(As of 04:28 PM ET)
Today's Range
$76.03
$82.48
50-Day Range
$49.17
$128.39
52-Week Range
$38.95
$132.00
Volume
6.38 million shs
Average Volume
2.06 million shs
Market Capitalization
$7.39 billion
P/E Ratio
7.51
Dividend Yield
1.22%
Price Target
$114.33

Globe Life MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
41.4% Upside
$114.33 Price Target
Short Interest
Healthy
2.99% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.40mentions of Globe Life in the last 14 days
Based on 39 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.10%
From $11.60 to $12.54 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.

4.98 out of 5 stars

Finance Sector

8th out of 855 stocks

Life Insurance Industry

2nd out of 20 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

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“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Globe Life: Q1 Earnings Snapshot
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Globe Life Inc. Announces Advance In Q1 Income
Here's what Wall Street expects from Globe Life's earnings
StockNews.com Lowers Globe Life (NYSE:GL) to Hold
Globe Life Q1 2024 Earnings Preview
Globe Life Target of Unusually Large Options Trading (NYSE:GL)
7 Top Dividend Stocks Set for 200%+ Gains by 2028
Why Globe Life Stock Soared Today
See More Headlines
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Company Calendar

Ex-Dividend for 2/1 Dividend
1/04/2024
Dividend Payable
2/01/2024
Ex-Dividend for 5/1 Dividend
4/04/2024
Last Earnings
4/22/2024
Today
4/24/2024
Dividend Payable
5/01/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Life insurance
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
+56.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$970.76 million
Pretax Margin
21.92%

Debt

Sales & Book Value

Annual Sales
$5.45 billion
Cash Flow
$18.21 per share
Book Value
$47.68 per share

Miscellaneous

Free Float
92,617,000
Market Cap
$7.60 billion
Optionable
Optionable
Beta
0.69
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GL Stock Analysis - Frequently Asked Questions

Should I buy or sell Globe Life stock right now?

9 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, 4 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.
View GL analyst ratings
or view top-rated stocks.

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

9 analysts have issued 1 year price targets 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 year. This suggests a possible upside of 41.4% 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 start of the year. Since then, GL shares have decreased by 33.6% and is now trading at $80.84.
View the best growth stocks for 2024 here
.

Are investors shorting Globe Life?

Globe Life saw a increase in short interest in March. As of March 31st, there was short interest totaling 2,750,000 shares, an increase of 19.6% from the March 15th total of 2,300,000 shares. Based on an average daily volume of 775,900 shares, the days-to-cover ratio is currently 3.5 days. Currently, 3.0% of the company's stock are short sold.
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) released its earnings results on Monday, April, 22nd. The company reported $2.78 EPS for the quarter, missing analysts' consensus estimates of $2.79 by $0.01. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.42 billion. Globe Life had a trailing twelve-month return on equity of 23.91% and a net margin of 18.07%. The firm's revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 announced a quarterly dividend on Monday, March 18th. Stockholders of record on Friday, April 5th will be given a dividend of $0.24 per share on Wednesday, May 1st. This represents a $0.96 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from the stock's previous quarterly dividend of $0.23.
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 1.45%. 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 7.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GL.

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

Globe Life updated its FY 2024 earnings guidance on Monday, April, 22nd. The company provided EPS 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 many different institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.49%), Raymond James & Associates (0.30%), Pensioenfonds Rail & OV (0.30%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), Raymond James Financial Services Advisors Inc. (0.18%) and Welch Group LLC (0.05%). Insiders that own company stock include Charles E Adair, Cheryl Alston, Christopher Todd Moore, David Kendall Carlson, Dolores L Skarjune, Frank M Svoboda, 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, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GL) was last updated on 4/24/2024 by MarketBeat.com Staff

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