Globe Life (GL) Stock Price, News & Analysis

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globe Life in the last year. There are currently 5 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GL shares.
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9 Wall Street research analysts have issued 1 year price objectives for Globe Life's stock. Their GL share price targets range from $75.00 to $160.00. On average, they anticipate the company's stock price to reach $126.44 in the next twelve months. This suggests a possible upside of 89.5% from the stock's current price.
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Globe Life's stock was trading at $121.72 at the beginning of 2024. Since then, GL stock has decreased by 45.2% and is now trading at $66.74.
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Globe Life saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,750,000 shares, an increase of 19.6% from the March 15th total of 2,300,000 shares. Based on an average daily trading volume, of 775,900 shares, the days-to-cover ratio is currently 3.5 days. Currently, 3.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
View our GL earnings forecast.

Globe Life will be holding an earnings conference call on Tuesday, April 23rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 786-697-3501 with passcode "GLOBE LIFE INC".

Globe Life Inc. (NYSE:GL) announced its earnings results on Wednesday, February, 7th. The company reported $2.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.73 by $0.15. The company earned $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. Globe Life had a net margin of 17.82% and a trailing twelve-month return on equity of 24.25%. Globe Life's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.24 earnings per share.
Read the conference call transcript.

Globe Life announced a quarterly dividend on Monday, March 18th. Investors of record on Friday, April 5th will be paid a dividend of $0.24 per share on Wednesday, May 1st. This represents a $0.96 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Thursday, April 4th. This is a boost from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for GL.

Globe Life (NYSE:GL) pays an annual dividend of $0.96 per share and currently has a dividend yield of 1.52%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 9.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GL will have a dividend payout ratio of 7.66% 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 ASYMshares ASYMmetric S&P 500 ETF (ASPY), Dividend Performers ETF (IPDP), iShares U.S. Insurance ETF (IAK), SPDR S&P Insurance ETF (KIE) and Arrow Reverse Cap 500 ETF (YPS).Fidelity Small-Mid Factor ETF (FSMD).

Globe Life updated its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of 11.300-11.800 for the period, compared to the consensus EPS estimate of 11.430. The company issued revenue guidance of -.

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 variety of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.49%), Pensioenfonds Rail & OV (0.30%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), Welch Group LLC (0.05%), IMC Chicago LLC (0.00%) and Alaska Permanent Fund Corp (0.02%). Insiders that own company stock include Charles E Adair, Cheryl Alston, Christopher Todd Moore, David Kendall Carlson, Dolores L Skarjune, Frank M Svoboda, Frank M Svoboda, Gary L Coleman, James Eric Mcpartland, James Matthew Darden, Jane Buchan, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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