Streetbeat News

GL

Globe Life Inc.

https://www.globelifeinsurance.com

Industry

Insurance - Life

Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. It offers whole life, term life, and other life insurance products; Medicare supplement and supplemental health insurance, such as critical illness and accident plans; and single-premium and flexible-premium deferred annuities. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was incorporated in 1979 and is headquartered in McKinney, Texas.

Open

104.54

Mkt cap

8.8B

Volume

541K

High

105.83

P/E Ratio

8.93

52-wk high

132.00

Low

103.70

Div yield

0.01

52-wk low

38.95

Globe Life (GL) is highlighted as a top momentum stock for long-term investment according to Zacks Style Scores, a feature of the Zacks Premium research service.

Portfolio Pulse from

November 12, 2024 | 4:15 pm

Keefe, Bruyette & Woods analyst Ryan Krueger maintains an Outperform rating on Globe Life and raises the price target from $120 to $125.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:38 pm

Piper Sandler has maintained an Overweight rating on Globe Life and raised its price target from $118 to $130, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 2:52 pm

Truist Securities has maintained a Hold rating on Globe Life (NYSE:GL) while raising the price target from $90 to $105.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 2:11 pm

Over the past three months, 7 analysts have evaluated Globe Life (NYSE:GL), with a mix of bullish and indifferent ratings. The average 12-month price target has increased by 16.1% to $127.71. Analysts have raised their ratings and price targets, reflecting positive sentiment towards Globe Life's financial performance, including strong revenue growth, net margin, and return on equity.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 7:00 pm

Morgan Stanley analyst Nigel Dally maintains an Equal-Weight rating on Globe Life (NYSE:GL) and raises the price target from $110 to $120.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 4:46 pm

Globe Life shares rose as the company reported Q3 EPS results that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:48 pm

Globe Life reported Q3 2024 GAAP EPS of $3.44, surpassing the estimate of $3.01. However, sales were $1.455 billion, slightly below the expected $1.464 billion.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:16 pm

Globe Life (NYSE:GL) is set to release its quarterly earnings on October 23, 2024. Analysts expect an EPS of $3.04. The market is optimistic about Globe Life surpassing estimates and providing positive guidance, which could drive stock prices. In the previous quarter, Globe Life's EPS beat estimates by $0.07, resulting in a 0.91% increase in share price. Currently, shares are trading at $110.24, down 1.01% over the past year.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 2:02 pm

Globe Life Inc. reported an extortion attempt involving customer data from its subsidiary, American Income Life Insurance, affecting 5,000 individuals. The company is investigating with no material impact on operations.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 2:36 pm

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