NYSE:GLGlobe Life Stock Price, Forecast & News

Globe Life's stock was trading at $73.37 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GL shares have increased by 0.7% and is now trading at $73.92. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globe Life in the last year. There are currently 3 sell ratings, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Globe Life.

Globe Life is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Globe Life.

Globe Life Inc. (NYSE:GL) announced its earnings results on Wednesday, April, 22nd. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.17 billion. Globe Life had a return on equity of 10.86% and a net margin of 16.32%. The company's revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.64 earnings per share. View Globe Life's earnings history.

Globe Life declared a quarterly dividend on Friday, May 15th. Shareholders of record on Monday, July 6th will be given a dividend of $0.1875 per share on Friday, July 31st. This represents a $0.75 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, July 2nd. View Globe Life's dividend history.

Globe Life issued an update on its FY20 earnings guidance on Wednesday, April, 22nd. The company provided earnings per share (EPS) guidance of $6.65-7.15 for the period, compared to the Thomson Reuters consensus estimate of $7.05.

6 brokerages have issued twelve-month price targets for Globe Life's stock. Their forecasts range from $77.00 to $114.00. On average, they anticipate Globe Life's stock price to reach $86.00 in the next year. This suggests a possible upside of 16.3% from the stock's current price. View analysts' price targets for Globe Life.

News stories about GL stock have trended negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Globe Life earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about Globe Life.

Globe Life saw a drop in short interest in June. As of June 30th, there was short interest totaling 1,630,000 shares, a drop of 9.9% from the June 15th total of 1,810,000 shares. Based on an average trading volume of 703,400 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.6% of the shares of the stock are sold short. View Globe Life's Current Options Chain.

Some companies that are related to Globe Life include Manulife Financial (MFC), SWISS RE LTD/S (SSREY), Prudential Financial (PRU), Sun Life Financial (SLF), AVIVA PLC/ADR (AVVIY), Legal & General Group (LGEN), SONY FINL HOLDI/ADR (SNYFY), AEGON (AEG), Lincoln National (LNC), Athene (ATH), Voya Financial (VOYA), Scor (SCRYY), AMP (AMP), Reinsurance Group of America (RGA) and Primerica (PRI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Globe Life investors own include Occidental Petroleum (OXY), Verizon Communications (VZ), Gilead Sciences (GILD), IBM (IBM), Marathon Petroleum (MPC), AT&T (T), AbbVie (ABBV), Costco Wholesale (COST), Cisco Systems (CSCO) and Dominion Energy (D).

Globe Life trades on the New York Stock Exchange (NYSE) under the ticker symbol "GL."

Globe Life's stock is owned by a number of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.07%) and Municipal Employees Retirement System of Michigan (0.02%). Company insiders that own Globe Life stock include Bill Leavell, Carol A Mccoy, Charles E Adair, Darren M Rebelez, David Kendall Carlson, David L Boren, Frank M Svoboda, Gary L Coleman, James Matthew Darden, John Henry Rogers Jr, Larry M Hutchison, Michael Shane Henrie, Steven John Dichiaro and Vern D Herbel. View institutional ownership trends for Globe Life.

GL stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and Municipal Employees Retirement System of Michigan. View insider buying and selling activity for Globe Life.

Shares of GL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of GL stock can currently be purchased for approximately $73.92.

Globe Life has a market capitalization of $7.87 billion and generates $4.53 billion in revenue each year. The company earns $760.79 million in net income (profit) each year or $6.75 on an earnings per share basis. Globe Life employs 3,196 workers across the globe.

The official website for Globe Life is www.globelifeinsurance.com.

Globe Life's mailing address is 3700 South Stonebridge Drive, McKinney TX, 75070. The company can be reached via phone at 972-569-4000 or via email at [email protected]