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

Stocks rallied on Tuesday, driven by weaker PMI data and optimism over tech earnings, with the S&P 500, Nasdaq 100, and Dow Jones showing notable gains. The iShares Russell 2000 ETF saw significant growth. Visa Inc. and Tesla Inc. are among the companies anticipated to report earnings. The dollar and Treasury yields fell, while commodities like oil saw a slight increase. Stocks like Spotify Technology surged following earnings beats, with other companies also reacting to recent earnings reports.

Portfolio Pulse from Piero Cingari

April 23, 2024 | 5:33 pm

Globe Life Inc. saw activity in its options market, specifically for May 17 $80 calls, with 100 contracts traded at $2.85 each against an open interest of 2296 contracts. The trading occurred with the stock reference price at $72.18.

Portfolio Pulse from Charles Gross

April 23, 2024 | 3:48 pm

Globe Life Inc. has engaged the law firm Wilmer Hale to conduct a thorough review of assertions made by a short seller. The announcement was made during a conference call, indicating the company's proactive approach to addressing and investigating the claims made against it.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 3:25 pm

Globe Life shares are trading higher following the release of their Q1 earnings, indicating a positive market response to the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:00 pm

Globe Life Inc projects its full-year earnings guidance with $350M-$370M in share repurchases and a net operating income of $11.50-$12.00 per diluted common share for the year ending December 31, 2024. The company was in a blackout period for most of Q1 due to a potential acquisition, which is no longer being considered. Globe Life plans to resume share buybacks immediately after the Q1 earnings blackout period ends.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:01 pm

Globe Life projects its FY23 net operating income to be between $11.50 and $12.00 per share, compared to the estimated $11.60.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:19 pm

Globe Life reported its Q1 2024 adjusted earnings per share (EPS) of $2.78, slightly missing the analyst consensus estimate of $2.79 by 0.36 percent.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:17 pm

FuzzyPanda, a known short seller, has announced on X (formerly Twitter) that they continue to hold a short position in Globe Life Inc. ($GL), indicating ongoing bearish sentiment towards the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 5:32 pm

Numerous companies are scheduled to report their quarterly earnings on April 22, 2024, with expectations spanning from losses to significant profits across various sectors. Notable mentions include Verizon Communications, with projected earnings of $1.12 per share on $33.24 billion revenue, and SAP, expected to report earnings of $1.11 per share on $8.56 billion revenue. Other key reports include Dynex Cap forecasting a loss and Nucor anticipating earnings of $3.85 per share on $8.51 billion revenue.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 1:07 pm

The article highlights the top 3 financial stocks considered oversold and potentially undervalued: Globe Life Inc. (GL), PagSeguro Digital Ltd. (PAGS), and XP Inc. (XP). Oversold status is determined by the RSI, a momentum indicator, with these stocks having RSIs near or below 30, suggesting a potential for short-term performance improvement. Globe Life is anticipated to release Q1 earnings soon, PagSeguro received an upgrade from Evercore ISI Group, and XP announced a new share repurchase program.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 12:34 pm

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