Streetbeat News

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.

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Globe Life (NYSE:GL) is set to report its Q3 2023 net operating income of $2.71 per share.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 8:46 pm

Globe Life (NYSE:GL) is set to release its quarterly earnings report on October 25, 2023. Analysts estimate an earnings per share (EPS) of $2.64. The company's past performance shows a trend of share price drops following earnings reports, despite beating EPS estimates. The company's shares were trading at $111.21 as of October 23, with a 1.95% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 2:01 pm

Globe Life (NYSE:GL) has received mixed analyst ratings over the last quarter, with 1 bullish, 1 somewhat bullish, 2 indifferent, and 2 somewhat bearish. The average price target is $133.83, indicating potential upside from the current price of $111.44. This target has increased by 3.74% over the past month.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 6:01 pm

Raymond James analyst Wilma Burdis maintains a Strong Buy rating on Globe Life (NYSE:GL) and raises the price target from $138 to $160.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 4:10 pm

Globe Life has acquired Evry Health, although the terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 6:21 am

During Friday's intraday session, insurance stocks saw significant movement. Gainers included Hippo Holdings (HIPO), Kemper (KMPR), Bright Health Gr (BHG), Brighthouse Finl (BHF), Trupanion (TRUP), and Globe Life (GL). Losers included ICC Holdings (ICCH), Heritage Insurance Hldgs (HRTG), Universal Insurance Hldgs (UVE), FG Finl Gr (FGFPP), eHealth (EHTH), and Marpai (MRAI).

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 5:40 pm

JP Morgan analyst Jimmy Bhullar maintains an Overweight rating on Globe Life (NYSE:GL) and raises the price target from $131 to $132.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 1:56 pm

Globe Life (NYSE:GL) has received three indifferent and two somewhat bearish analyst ratings in the last quarter. The average 12-month price target for the company, according to five analysts, is $126.6, with a high of $131.00 and a low of $118.00. This average price target has increased by 1.89% over the past month.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 6:01 pm

Jefferies analyst Suneet Kamath maintains a Hold rating on Globe Life (NYSE:GL) and raises the price target from $115 to $118.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 4:07 pm

Over the past 3 months, 5 analysts have published their opinion on Globe Life (NYSE:GL) stock. In the last 3 months, these analysts have offered 12-month price targets for Globe Life with an average price target of $128.4, an increase of 0.84% from the previous average price target of $127.33. The analysts' ratings are mixed with 3 being indifferent and 2 somewhat bearish.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 9:00 pm

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