Globe Life Inc. (NYSE:GL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Globe Life Inc. (NYSE:GL) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $124.50.

A number of equities analysts have commented on GL shares. Morgan Stanley boosted their price target on shares of Globe Life from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Truist Financial raised their price target on Globe Life from $90.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods increased their price objective on Globe Life from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Raymond James boosted their target price on Globe Life from $160.00 to $188.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company lifted their price target on shares of Globe Life from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th.

Institutional Trading of Globe Life

Several large investors have recently modified their holdings of GL. Riverview Trust Co purchased a new stake in Globe Life in the 3rd quarter worth approximately $32,000. Benjamin F. Edwards & Company Inc. increased its position in Globe Life by 88.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 599 shares of the company’s stock valued at $50,000 after purchasing an additional 281 shares during the period. LRI Investments LLC raised its holdings in Globe Life by 898.4% in the 2nd quarter. LRI Investments LLC now owns 619 shares of the company’s stock worth $51,000 after purchasing an additional 557 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of Globe Life in the 2nd quarter worth about $54,000. Finally, Blue Trust Inc. boosted its stake in shares of Globe Life by 249.5% during the 2nd quarter. Blue Trust Inc. now owns 776 shares of the company’s stock valued at $64,000 after purchasing an additional 554 shares in the last quarter. 81.61% of the stock is owned by institutional investors.

Globe Life Trading Up 0.6 %

Shares of GL stock opened at $109.20 on Monday. The company has a market capitalization of $9.17 billion, a PE ratio of 9.24 and a beta of 0.81. Globe Life has a 52-week low of $38.95 and a 52-week high of $132.00. The business’s fifty day moving average is $106.47 and its 200 day moving average is $93.67. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.05 and a current ratio of 0.05.

Globe Life (NYSE:GL) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $3.49 earnings per share for the quarter, beating 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 firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the firm posted $2.71 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate 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.