Globe Life Inc. (NYSE:GL) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Globe Life Inc. (NYSE:GL - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten analysts that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $124.50.

Several equities research analysts recently weighed in on the stock. TD Cowen initiated coverage on shares of Globe Life in a research report on Wednesday, October 9th. They set a "buy" rating and a $150.00 price target for the company. Truist Financial upped their price target on Globe Life from $90.00 to $105.00 and gave the company a "hold" rating in a report on Friday, October 25th. Morgan Stanley lifted their price objective on Globe Life from $110.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on shares of Globe Life from $120.00 to $125.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Finally, Raymond James lifted their price target on shares of Globe Life from $160.00 to $188.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, October 15th.

Hedge Funds Weigh In On Globe Life

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Globe Life by 3.9% during the first quarter. Vanguard Group Inc. now owns 11,255,091 shares of the company's stock valued at $1,309,755,000 after purchasing an additional 425,993 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Globe Life by 7.5% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 101,607 shares of the company's stock worth $11,824,000 after buying an additional 7,100 shares during the period. Savant Capital LLC increased its stake in Globe Life by 951.5% in the 2nd quarter. Savant Capital LLC now owns 75,214 shares of the company's stock worth $6,189,000 after buying an additional 68,061 shares in the last quarter. Achmea Investment Management B.V. raised its holdings in Globe Life by 151.4% during the second quarter. Achmea Investment Management B.V. now owns 29,684 shares of the company's stock valued at $2,443,000 after acquiring an additional 17,878 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Globe Life by 308.5% during the first quarter. Bessemer Group Inc. now owns 11,827 shares of the company's stock valued at $1,377,000 after acquiring an additional 8,932 shares during the period. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

Globe Life Stock Down 0.2 %

Shares of NYSE GL traded down $0.17 on Monday, reaching $109.03. 786,512 shares of the company's stock traded hands, compared to its average volume of 1,546,811. The business's 50 day simple moving average is $106.47 and its two-hundred day simple moving average is $93.67. Globe Life has a 12 month low of $38.95 and a 12 month high of $132.00. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 9.22 and a beta of 0.81. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.50.

Globe Life (NYSE:GL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.43. Globe Life had a return on equity of 22.91% and a net margin of 19.04%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business posted $2.71 EPS. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that Globe Life will post 12.32 EPS for the current fiscal year.

Globe Life Company Profile

Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates in four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.