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

8 Wall Street equities 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 equities research analysts is that investors should "moderate buy" GL shares.
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8 analysts have issued 1-year price objectives for Globe Life's shares. Their GL share price targets range from $118.00 to $160.00. On average, they anticipate the company's share price to reach $134.38 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price.
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Globe Life's stock was trading at $120.55 at the start of the year. Since then, GL shares have decreased by 0.2% and is now trading at $120.26.
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Globe Life saw a decline in short interest in 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 short-interest ratio is presently 2.1 days. Currently, 1.2% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
View our GL earnings forecast.

Globe Life Inc. (NYSE:GL) posted its earnings results on Wednesday, October, 25th. The company reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.06. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. Globe Life had a net margin of 16.95% and a trailing twelve-month return on equity of 22.60%. The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.15 earnings per share.
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Globe Life declared a quarterly dividend on Tuesday, November 14th. Shareholders of record on Friday, January 5th will be given a dividend of $0.225 per share on Thursday, February 1st. This represents a $0.90 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, January 4th.
Read our dividend analysis for GL.

Globe Life (NYSE:GL) pays an annual dividend of $0.90 per share and currently has a dividend yield of 0.74%. 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.

ETFs with the largest weight of Globe Life (NYSE:GL) stock in their portfolio include SPDR S&P Insurance ETF (KIE), ASYMshares ASYMmetric S&P 500 ETF (ASPY), Dividend Performers ETF (IPDP), iShares U.S. Insurance ETF (IAK), Invesco S&P 500 Equal Weight Financials ETF (RSPF), WisdomTree U.S. Multifactor Fund (USMF), IQ Candriam ESG U.S. Mid Cap Equity ETF (IQSM) and Timothy Plan US Large Cap Core ETF (TPLC).

Globe Life updated its FY24 earnings guidance on Wednesday, October, 25th. The company provided EPS guidance of $11.00-11.60 for the period, compared to the consensus earnings per share estimate of $11.36.

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).

Globe Life's stock is owned by a number of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (4.51%), Boston Partners (2.52%), FMR LLC (2.53%), Invesco Ltd. (2.02%), Morgan Stanley (1.21%) and Northern Trust Corp (1.01%). 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.
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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.
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