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Globe Life Stock Price, News & Analysis (NYSE:GL)

$123.04
-0.89 (-0.72%)
(As of 12:03 PM ET)
Compare
Today's Range
$122.93
$124.81
50-Day Range
$108.35
$124.54
52-Week Range
$102.23
$125.02
Volume
126,994 shs
Average Volume
520,529 shs
Market Capitalization
$11.58 billion
P/E Ratio
13.17
Dividend Yield
0.73%
Price Target
$134.38

Globe Life MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
9.2% Upside
$134.38 Price Target
Short Interest
Healthy
1.18% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
1.04mentions of Globe Life in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$7.59 M Sold Last Quarter
Proj. Earnings Growth
7.92%
From $10.60 to $11.44 Per Share

Overall MarketRank

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

2.93 out of 5 stars

Finance Sector

47th out of 742 stocks

Life Insurance Industry

4th out of 16 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 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 Stock Price History

GL Stock News Headlines

Buffett's latest portfolio additions, trims and cuts in Q3 (GL)
Buffett's Berkshire latest Q3 moves: Acquires Sirius XM, Atlanta Braves; trims HP, Chevron, Amazon; holds onto Apple, Bank of America.
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.
Compelling Reasons to Hold on to PRA Group (PRAA) Stock
Lithium Discovery So BIG You Can't Miss it, Even From Space
With the green energy transition well underway, lithium demand is rapidly outpacing projected supply. While companies frantically search for new sources of this critical metal, one small company is sitting on a massive claim in North America - So big in fact that it can clearly be seen from space!
Why Is Globe Life (GL) Up 6.1% Since Last Earnings Report?
Globe Life Inc GL
What 6 Analyst Ratings Have To Say About Globe Life
The Half Known Life
Should Value Investors Consider Globe Life (GL) Stock?
The Globe Life Inc (GL) Company: A Short SWOT Analysis
See More Headlines
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Company Calendar

Ex-Dividend for 11/1 Dividend
10/05/2023
Last Earnings
10/25/2023
Dividend Payable
11/01/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Ex-Dividend for 2/1 Dividend
1/04/2024
Dividend Payable
2/01/2024
Next Earnings (Estimated)
2/07/2024

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 Target
$134.38
High Stock Price Target
$160.00
Low Stock Price Target
$118.00
Potential Upside/Downside
+8.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$739.70 million
Pretax Margin
17.90%

Debt

Sales & Book Value

Annual Sales
$5.36 billion
Cash Flow
$14.77 per share
Book Value
$50.33 per share

Miscellaneous

Free Float
90,026,000
Market Cap
$11.66 billion
Optionable
Optionable
Beta
0.78
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GL Stock Analysis - 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 3 hold ratings, 4 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 target for 2024?

8 brokerages have issued 12 month target prices for Globe Life's shares. Their GL share price targets range from $118.00 to $160.00. On average, they expect the company's share price to reach $134.38 in the next year. This suggests a possible upside of 9.2% 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 at the beginning of 2023. Since then, GL stock has increased by 2.1% and is now trading at $123.04.
View the best growth stocks for 2023 here
.

Are investors shorting Globe Life?

Globe Life saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 1,090,000 shares, a decline of 14.8% from the October 31st total of 1,280,000 shares. Based on an average trading volume of 526,600 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.2% of the shares of the 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, February 7th 2024.
View our GL earnings forecast
.

How were Globe Life's earnings last quarter?

Globe Life Inc. (NYSE:GL) announced its quarterly earnings data on Wednesday, October, 25th. The company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.65 by $0.06. The company earned $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. Globe Life had a trailing twelve-month return on equity of 22.60% and a net margin of 16.95%. Globe Life's quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 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, November 14th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.225 per share on Thursday, February 1st. This represents a $0.90 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, January 4th.
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 0.73%. 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 9.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GL will have a dividend payout ratio of 7.87% 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 FY24 earnings guidance on Wednesday, October, 25th. The company provided earnings per share (EPS) guidance of $11.00-11.60 for the period, compared to the consensus earnings per share estimate of $11.36.

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 retail and institutional investors. Top institutional investors include Wellington Management Group LLP (5.37%), JPMorgan Chase & Co. (4.51%), Boston Partners (2.52%), FMR LLC (2.53%), Invesco Ltd. (2.02%) and Morgan Stanley (1.21%). 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, James Matthew Darden, 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.

This page (NYSE:GL) was last updated on 12/6/2023 by MarketBeat.com Staff

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