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

127.66

Mkt cap

11B

Volume

565K

High

128.48

P/E Ratio

10.63

52-wk high

131.39

Low

125.91

Div yield

0.01

52-wk low

38.95

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

Raymond James analyst Wilma Burdis has maintained a Strong Buy rating on Globe Life (NYSE:GL) and increased the price target from $160 to $188.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:48 pm

Wells Fargo analyst Elyse Greenspan maintains an Overweight rating on Globe Life (NYSE:GL) and raises the price target from $108 to $117.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 3:06 pm

TD Cowen has initiated coverage on Globe Life (NYSE:GL) with a Buy rating and set a price target of $150.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 9:57 am

Seven analysts have recently assessed Globe Life (NYSE:GL), with a range of ratings from somewhat bullish to indifferent. The average 12-month price target has increased by 8.52% to $98.29. Analysts have raised their price targets, reflecting a positive sentiment shift. Globe Life shows strong financial performance with high net margins and ROE, but faces challenges in revenue growth compared to peers.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 1:02 pm

Piper Sandler has maintained an Overweight rating on Globe Life and raised its price target from $106 to $118.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:29 pm

Globe Life (NYSE:GL) has received diverse analyst ratings over the past three months, with a mix of somewhat bullish and indifferent outlooks. The average 12-month price target has increased by 5.33% to $94.33. Analysts have adjusted their ratings and price targets, reflecting their views on Globe Life's market position and financial health. The company shows strong financial performance with a positive revenue trend, high net margin, and efficient debt management.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 7:01 pm

Morgan Stanley analyst Nigel Dally maintains an Equal-Weight rating on Globe Life (NYSE:GL) and raises the price target from $66 to $83.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 5:05 pm

Keefe, Bruyette & Woods analyst Ryan Krueger has reiterated an Outperform rating on Globe Life (NYSE:GL) and raised the price target from $110 to $118.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:08 pm

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