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NYSE:GL

Globe Life (GL) Stock Forecast, Price & News

$110.34
+0.91 (+0.83%)
(As of 09/28/2023 ET)
Compare
Today's Range
$109.89
$110.75
50-Day Range
$108.63
$115.36
52-Week Range
$99.36
$123.85
Volume
424,598 shs
Average Volume
514,086 shs
Market Capitalization
$10.45 billion
P/E Ratio
12.89
Dividend Yield
0.82%
Price Target
$128.63

Globe Life MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
16.6% Upside
$128.63 Price Target
Short Interest
Healthy
0.84% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.26
Upright™ Environmental Score
News Sentiment
0.53mentions of Globe Life in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$3.77 M Sold Last Quarter
Proj. Earnings Growth
8.21%
From $10.48 to $11.34 Per Share

Overall MarketRank

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

2.67 out of 5 stars

Finance Sector

267th out of 877 stocks

Life Insurance Industry

8th out of 22 stocks


GL stock logo

About Globe Life (NYSE:GL) Stock

Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through 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 critical illness and accident plans; and single-premium and flexible-premium deferred annuities. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was incorporated in 1979 and is headquartered in McKinney, Texas.

GL Price History

GL Stock News Headlines

Globe Life (NYSE:GL) Lowered to "Hold" at StockNews.com
U.S. "Shadow Banks" About to Blow up again?
Analyst who called Lehman crash says our biggest calamities (1907, 1929, 2007, etc) all start in the same spot--and it’s about to happen again. More here.
Globe Life insurance review 2023
Globe Life: Lacking An Appealing Entry Price
U.S. "Shadow Banks" About to Blow up again?
Analyst who called Lehman crash says our biggest calamities (1907, 1929, 2007, etc) all start in the same spot--and it’s about to happen again. More here.
Here's Why You Should Invest in Globe Life (GL) Stock Now
What 5 Analyst Ratings Have To Say About Globe Life
Morgan Stanley Upgrades Globe Life (GL)
See More Headlines
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GL Company Calendar

Ex-Dividend for 8/1 Dividend
7/03/2023
Last Earnings
7/26/2023
Dividend Payable
8/01/2023
Today
9/28/2023
Ex-Dividend for 11/1 Dividend
10/05/2023
Next Earnings (Estimated)
10/25/2023
Dividend Payable
11/01/2023
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
$128.63
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$118.00
Forecasted Upside/Downside
+17.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$739.70 million
Pretax Margin
16.62%

Debt

Sales & Book Value

Annual Sales
$5.21 billion
Cash Flow
$14.74 per share
Book Value
$50.33 per share

Miscellaneous

Free Float
90,606,000
Market Cap
$10.41 billion
Optionable
Optionable
Beta
0.79
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Key Executives

  • Mr. Frank Martin Svoboda (Age 61)
    Co-Chairman & Co-CEO
    Comp: $1.22M
  • Mr. James Matthew Darden (Age 52)
    Co-Chairman & Co-CEO
    Comp: $1.21M
  • Mr. Michael Clay Majors (Age 60)
    Exec. VP of Policy Acquisition & Chief Strategy Officer
    Comp: $714.09k
  • Mr. Steven Kelly GreerMr. Steven Kelly Greer (Age 50)
    Chief Exec. Officer of American Income Life Division
    Comp: $800.67k
  • Mr. Thomas Peter Kalmbach (Age 58)
    Exec. VP & CFO
  • Robert E. Hensley (Age 55)
    Exec. VP & Chief Investment Officer
  • Mr. M. Shane Henrie (Age 49)
    Corp. Sr. VP & Chief Accounting Officer
  • Christopher K. Tyler (Age 49)
    Exec. VP & Chief Information Officer
  • Ms. Dolores L. Skarjune (Age 57)
    Exec. VP & Chief Admin. Officer
  • Mr. Robert Brian MitchellMr. Robert Brian Mitchell (Age 59)
    Exec. VP, Gen. Counsel & Chief Risk Officer













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 4 hold ratings, 3 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 forecast for 2023?

8 analysts have issued 1 year price targets for Globe Life's shares. Their GL share price forecasts range from $118.00 to $140.00. On average, they expect the company's share price to reach $128.63 in the next year. This suggests a possible upside of 17.0% 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 on January 1st, 2023. Since then, GL stock has decreased by 8.8% and is now trading at $109.96.
View the best growth stocks for 2023 here
.

Are investors shorting Globe Life?

Globe Life saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 792,300 shares, a drop of 10.7% from the August 15th total of 887,600 shares. Based on an average daily volume of 466,500 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.9% 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, October 25th 2023.
View our GL earnings forecast
.

How were Globe Life's earnings last quarter?

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

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

Globe Life issued an update on its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of $10.37-$10.57 for the period, compared to the consensus estimate of $10.41. 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).

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 number of institutional and retail 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.
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 $109.96.

How much money does Globe Life make?

Globe Life (NYSE:GL) has a market capitalization of $10.41 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.

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 9/28/2023 by MarketBeat.com Staff

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