NYSE:GL Globe Life (GL) Stock Forecast, Price & News $105.24 -0.21 (-0.20%) (As of 05/26/2023 07:00 PM ET) Add Compare Share Share Today's Range$104.95▼$105.9850-Day Range$105.24▼$110.0252-Week Range$87.87▼$123.85Volume566,800 shsAverage Volume544,816 shsMarket Capitalization$10.06 billionP/E Ratio12.98Dividend Yield0.86%Price Target$127.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Globe Life MarketRank™ ForecastAnalyst RatingModerate Buy2.63 Rating ScoreUpside/Downside21.2% Upside$127.50 Price TargetShort InterestHealthy1.29% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.26Upright™ Environmental ScoreNews Sentiment0.58Based on 7 Articles This WeekInsider TradingSelling Shares$1.66 M Sold Last QuarterProj. Earnings Growth8.38%From $10.38 to $11.25 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.64 out of 5 starsFinance Sector345th out of 902 stocksLife Insurance Industry11th out of 21 stocks 2.3 Analyst's Opinion Consensus RatingGlobe Life has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 4 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $127.50, Globe Life has a forecasted upside of 21.2% from its current price of $105.24.Amount of Analyst CoverageGlobe Life has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.29% of the float of Globe Life has been sold short.Short Interest Ratio / Days to CoverGlobe Life has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Globe Life has recently increased by 5.22%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend YieldGlobe Life has a dividend yield of 0.86%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthGlobe Life has been increasing its dividend for 18 years.Dividend CoverageThe dividend payout ratio of Globe Life is 11.10%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Globe Life will have a dividend payout ratio of 8.00% next year. This indicates that Globe Life will be able to sustain or increase its dividend. Previous Next 3.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGlobe Life has received a 30.82% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Life insurance services for individuals", "Life insurance services for groups", and "Accident insurance services for individuals" products. See details.Environmental SustainabilityThe Environmental Impact score for Globe Life is -0.26. Previous Next 2.5 News and Social Media Coverage News SentimentGlobe Life has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Globe Life this week, compared to 5 articles on an average week.MarketBeat Follows5 people have added Globe Life to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Globe Life insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,660,300.00 in company stock.Percentage Held by InsidersOnly 4.33% of the stock of Globe Life is held by insiders.Percentage Held by Institutions81.04% of the stock of Globe Life is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Globe Life are expected to grow by 8.38% in the coming year, from $10.38 to $11.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Globe Life is 12.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.70.Price to Earnings Ratio vs. SectorThe P/E ratio of Globe Life is 12.98, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 152.03.Price to Book Value per Share RatioGlobe Life has a P/B Ratio of 2.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Globe Life (NYSE:GL) StockGlobe 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.Read More Receive GL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Globe Life and its competitors with MarketBeat's FREE daily newsletter. Email Address GL Stock News HeadlinesMay 25, 2023 | msn.comOne and almost done? Kansas pushes top-seeded Texas to brink of Big 12 eliminationMay 23, 2023 | msn.comGlobe Life Insurance Review | MoneyMay 29, 2023 | UNKNOWN (Ad)Lithium Has Boomed And This American Stock Is Ready..Lithium Has Been On A Crazy Rally Over The Last 3 Year's And This Stock Could Be Next!May 22, 2023 | cbsnews.comWatch North Texas high school graduations live from Globe Life FieldMay 18, 2023 | americanbankingnews.comStockNews.com Begins Coverage on Globe Life (NYSE:GL)May 18, 2023 | americanbankingnews.comGlobe Life Inc. (NYSE:GL) Receives $127.50 Average PT from BrokeragesMay 18, 2023 | americanbankingnews.comGlobe Life Inc. (NYSE:GL) Sees Significant Decline in Short InterestMay 16, 2023 | msn.comShe had lived a life of adventure. Then came the ultimate sailing race.May 29, 2023 | UNKNOWN (Ad)Lithium Has Boomed And This American Stock Is Ready..Lithium Has Been On A Crazy Rally Over The Last 3 Year's And This Stock Could Be Next!May 16, 2023 | msn.comWells Fargo Maintains Globe Life (GL) Equal-Weight RecommendationMay 16, 2023 | americanbankingnews.comBrokerages Set Globe Life Inc. (NYSE:GL) PT at $127.50May 15, 2023 | markets.businessinsider.comWells Fargo Maintains Equal-Weight Rating for Globe Life: Here's What You Need To KnowMay 11, 2023 | msn.comGlobe Life Field to host 2024 Shriners Children’s College Baseball ShowdownMay 10, 2023 | msn.com1 Arlington restaurant fails; Globe Life Field concessions receive good inspection scoresMay 10, 2023 | marketwatch.comGlobe Life Inc. stock falls Wednesday, underperforms marketMay 8, 2023 | marketwatch.comGlobe Life Inc. stock remains steady Monday, underperforms marketMay 8, 2023 | finance.yahoo.comGlobe Life's (NYSE:GL) investors will be pleased with their respectable 48% return over the last three yearsMay 7, 2023 | americanbankingnews.comGlobe Life (NYSE:GL) Given New $130.00 Price Target at Piper SandlerMay 6, 2023 | msn.comPiper Sandler Maintains Globe Life (GL) Overweight RecommendationMay 6, 2023 | nasdaq.comTruist Securities Maintains Globe Life (GL) Hold RecommendationMay 5, 2023 | markets.businessinsider.com8 Analysts Have This to Say About Globe LifeMay 5, 2023 | finance.yahoo.comQ1 2023 Globe Life Inc Earnings CallMay 4, 2023 | marketwatch.comGlobe Life Inc. stock outperforms competitors despite losses on the dayMay 4, 2023 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Globe Life (GL), Outfront Media (OUT) and Coinbase Global (COIN)May 4, 2023 | msn.comOminous Death Cross Forms On Globe Life's ChartMay 4, 2023 | finance.yahoo.comGlobe Life (GL) Q1 Earnings Beat, Revenues Miss EstimatesMay 4, 2023 | markets.businessinsider.comGlobe Life (GL) Receives a Hold from Wells FargoSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive GL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Globe Life and its competitors with MarketBeat's FREE daily newsletter. Email Address GL Company Calendar Ex-Dividend for 5/1 Dividend3/31/2023Dividend Payable5/01/2023Last Earnings5/03/2023Today5/29/2023Next Earnings (Estimated)7/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Life insurance Sub-IndustryN/A SectorFinance Current SymbolNYSE:GL CUSIPN/A CIK320335 Webwww.globelifeinsurance.com Phone(972) 569-4000Fax972-569-3282Employees3,543Year FoundedN/APrice Target and Rating Average Stock Price Forecast$127.50 High Stock Price Forecast$140.00 Low Stock Price Forecast$112.00 Forecasted Upside/Downside+21.2%Consensus RatingModerate Buy Rating Score (0-4)2.63 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$8.11 Trailing P/E Ratio12.98 Forward P/E Ratio10.14 P/E GrowthN/ANet Income$739.70 million Net Margins15.28% Pretax Margin16.95% Return on Equity19.20% Return on Assets3.43% Debt Debt-to-Equity Ratio0.42 Current Ratio0.06 Quick Ratio0.06 Sales & Book Value Annual Sales$5.21 billion Price / Sales1.93 Cash Flow$14.72 per share Price / Cash Flow7.15 Book Value$50.33 per share Price / Book2.09Miscellaneous Outstanding Shares95,560,000Free Float91,417,000Market Cap$10.06 billion OptionableOptionable Beta0.79 Key ExecutivesFrank M. SvobodaCo-Chairman & Co-Chief Executive OfficerJames Matthew DardenCo-Chairman & Co-Chief Executive OfficerThomas Peter KalmbachChief Financial Officer & Executive Vice PresidentChristopher k. TylerExecutive VP & Chief Information OfficerJoel P. ScarboroughSenior Vice President-Legal & ComplianceKey CompetitorsReinsurance Group of AmericaNYSE:RGACorebridge FinancialNYSE:CRBGAegonNYSE:AEGVoya FinancialNYSE:VOYAPrimericaNYSE:PRIView All CompetitorsInsiders & InstitutionsProShare Advisors LLCBought 19,947 shares on 5/26/2023Ownership: 0.021%Brandywine Global Investment Management LLCSold 10,970 shares on 5/25/2023Ownership: 0.050%Toroso Investments LLCBought 5,210 shares on 5/23/2023Ownership: 0.005%Ameriprise Financial Inc.Sold 38,902 shares on 5/22/2023Ownership: 0.093%JPMorgan Chase & Co.Bought 412,639 shares on 5/18/2023Ownership: 2.802%View All Insider TransactionsView All Institutional Transactions GL Stock - Frequently Asked Questions Should I buy or sell Globe Life stock right now? 8 Wall Street equities 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 equities 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 1-year price objectives 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 year. This suggests a possible upside of 21.2% 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 shares have decreased by 12.7% and is now trading at $105.24. 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 presently 2.2 days. Approximately 1.3% of the company's shares 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) posted its quarterly earnings results on Wednesday, May, 3rd. The company reported $2.53 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.06. The business earned $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion. Globe Life had a net margin of 15.28% and a trailing twelve-month return on equity of 19.20%. The business's revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 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 Thursday, February 23rd. Stockholders 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 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, March 31st. This is a boost from the stock's previous quarterly dividend of $0.21. Read our dividend analysis for GL. What ETFs hold Globe Life's stock? ETFs with the largest weight of Globe Life (NYSE:GL) stock in their portfolio include Invesco DWA Financial Momentum ETF (PFI), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), ASYMmetric Smart S&P 500 ETF (ASPY), SPDR S&P Insurance ETF (KIE), Dividend Performers ETF (IPDP), iShares U.S. Insurance ETF (IAK), Invesco S&P 500 Equal Weight Financials ETF (RYF) and First Trust Horizon Managed Volatility Domestic ETF (HUSV). 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 0.86%. 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 updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $10.28-$10.52 for the period, compared to the consensus earnings per share 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 retail and institutional 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 $105.24. How much money does Globe Life make? Globe Life (NYSE:GL) has a market capitalization of $10.06 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 5/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Globe Life Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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