Globe Life (GL) Stock Price, News & Analysis

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globe Life in the last twelve months. 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 analysts have issued 1-year price objectives for Globe Life's shares. Their GL share price targets range from $75.00 to $160.00. On average, they predict the company's stock price to reach $126.44 in the next year. This suggests a possible upside of 126.5% from the stock's current price.
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Globe Life's stock was trading at $121.72 at the start of the year. Since then, GL stock has decreased by 54.1% and is now trading at $55.82.
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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 trading volume of 775,900 shares, the short-interest ratio is currently 3.5 days. Approximately 3.0% of the shares of the company 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 Inc. (NYSE:GL) released its earnings results on Wednesday, February, 7th. The company reported $2.88 EPS for the quarter, topping the consensus estimate of $2.73 by $0.15. The business earned $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. Globe Life had a trailing twelve-month return on equity of 24.25% and a net margin of 17.82%. The business's revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.24 earnings per share.
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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 annualized dividend and a yield of 1.72%. The ex-dividend date 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 earnings per share 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 institutional and retail 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 First Hawaiian Bank (0.01%). 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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