Globe Life (GL) Stock Price, News & Analysis

Company Overview

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. It offers whole, term, and other life insurance products; Medicare supplement and supplemental health insurance products, such as accident, cancer, critical illness, heart, and intensive care plans; and single-premium and flexible-premium deferred annuities. The company sells its products through its direct to consumer division, exclusive agencies, and independent agents. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was founded in 1900 and is headquartered in McKinney, Texas.

Key Stats

• Today's Range: $108.21 to $109.79
• 50-Day Range: $103.49 to $111.00
• 52-Week Range: $38.95 to $132.00
• Volume: 296,734 shs
• Average Volume: 1.51 million shs
• Market Capitalization: $9.15 billion
• P/E Ratio: 9.23
• Dividend Yield: 0.88%
• Price Target: $124.50
• Consensus Rating: Moderate Buy

Globe Life Stock Analysis - MarketRank™

Globe Life scored higher than 98% of companies evaluated by MarketBeat, and ranked 22nd out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Globe Life has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Globe Life has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.91%

Earnings Growth

Earnings for Globe Life are expected to grow by 9.91% in the coming year, from $12.31 to $13.53 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Globe Life is 9.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Globe Life is 9.23, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.79.

Price to Book Value per Share Ratio

Globe Life has a P/B Ratio of 1.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.36% of the float of Globe Life has been sold short.

Short Interest Ratio / Days to Cover

Globe Life has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Globe Life has recently decreased by 2.48%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Globe Life has a dividend yield of 0.88%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Globe Life has been increasing its dividend for 19 years.

Dividend Coverage

The dividend payout ratio of Globe Life is 8.12%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Globe Life will have a dividend payout ratio of 7.10% next year. This indicates that Globe Life will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -0.19

Percentage of Shares Shorted

2.36% of the float of Globe Life has been sold short.

Short Interest Ratio / Days to Cover

Globe Life has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Globe Life has recently decreased by 2.48%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.84

News Sentiment

Globe Life has a news sentiment score of 0.84. 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 Week

MarketBeat has tracked 17 news articles for Globe Life this week, compared to 14 articles on an average week.

Search Interest

18 people have searched for GL on MarketBeat in the last 30 days. This is an increase of 80% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Globe Life insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.51% of the stock of Globe Life is held by insiders.

Percentage Held by Institutions

81.61% of the stock of Globe Life is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GL Stock Analysis - Frequently Asked Questions

How have GL shares performed this year?

Globe Life's stock was trading at $121.72 at the start of the year. Since then, GL shares have decreased by 10.4% and is now trading at $109.0459.
View the best growth stocks for 2024 here.

How were Globe Life's earnings last quarter?

Globe Life Inc. (NYSE:GL) posted its earnings results on Wednesday, October, 23rd. The company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.06 by $0.43. The firm's revenue for the quarter was up 5.1% on a year-over-year basis.
Read the conference call transcript.

Who are Globe Life's major shareholders?

Top institutional shareholders of Globe Life include Wellington Management Group LLP (5.71%), State Street Corp (4.22%), Geode Capital Management LLC (3.12%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (1.81%). Insiders that own company stock include Larry M Hutchison, Melissa Jane Buchan, Jane Buchan, James Matthew Darden, Robert Brian Mitchell, Michael Clay Majors, Kenneth J Matson, Robert W Ingram, Thomas Peter Kalmbach, Mary E Thigpen, Rebecca E Zorn, Jennifer Allison Haworth, Steven John Dichiaro, Charles E Adair, Robert Edward Hensley, Cheryl Alston, Dolores L Skarjune, David A Rodriguez, Frank M Svoboda, Michael Shane Henrie, Jason A Harvey, David Kendall Carlson, John Henry Rogers, Jr, Christopher Todd Moore and Steven Kelly Greer.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Globe Life own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Globe Life investors own include Invesco QQQ (QQQ), NVIDIA (NVDA), Meta Platforms (META), SPDR S&P 500 ETF Trust (SPY), Advanced Micro Devices (AMD), Exxon Mobil (XOM) and Tesla (TSLA).

Company Calendar

• Ex-Dividend for 11/1 Dividend: 10/04/2024
• Last Earnings: 10/23/2024
• Dividend Payable: 11/01/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/05/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Life insurance
• Sub-Industry: Insurance
• Current Symbol: NYSE:GL
• CUSIP: N/A
• CIK: 320335
• Web: www.globelifeinsurance.com
• Phone: (972) 569-4000
• Fax: 972-569-3282
• Employees: 3,636
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $124.50
• High Stock Price Target: $188.00
• Low Stock Price Target: $86.00
• Potential Upside/Downside: +14.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.70
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $11.82
• Trailing P/E Ratio: 9.23
• Forward P/E Ratio: 8.86
• P/E Growth: N/A
• Net Income: $970.76 million
• Net Margins: 19.04%
• Pretax Margin: 23.59%
• Return on Equity: 22.91%
• Return on Assets: 3.88%

Debt

• Debt-to-Equity Ratio: 0.50
• Current Ratio: 0.05
• Quick Ratio: 0.05

Sales & Book Value

• Annual Sales: $5.45 billion
• Price / Sales: 1.68
• Cash Flow: $14.92 per share
• Price / Cash Flow: 7.31
• Book Value: $55.26 per share
• Price / Book: 1.97

Miscellaneous

• Outstanding Shares: 83,940,000
• Free Float: 82,677,000
• Market Cap: $9.15 billion
• Optionable: Optionable
• Beta: 0.81