Globe Life (GL) Stock Price, News & Analysis

9 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" GL shares.
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9 Wall Street research analysts have issued 1-year price targets 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 year. This suggests a possible upside of 110.8% 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 50.7% and is now trading at $59.97.
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Globe Life saw a increase in short interest in 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 volume of 775,900 shares, the short-interest ratio is presently 3.5 days. Approximately 3.0% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
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Globe Life Inc. (NYSE:GL) posted its quarterly earnings data on Wednesday, February, 7th. The company reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.15. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.24 EPS.
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Globe Life declared a quarterly dividend on Monday, March 18th. Shareholders 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 dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change 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 1.62%. 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), Invesco S&P 500 Equal Weight Financials ETF (RSPF), 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 (EPS) 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 number of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.49%), Pensioenfonds Rail & OV (0.30%), Welch Group LLC (0.05%), IMC Chicago LLC (0.00%), Alaska Permanent Fund Corp (0.02%) and Sawyer & Company Inc (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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