Globe Life (NYSE:GL – Get Score) is scheduled to be asserting its earnings outcomes after the market closes on Wednesday, February 1st. Analysts anticipate the corporate to announce earnings of $2.18 per share for the quarter.
Globe Life (NYSE:GL – Get Score) final launched its quarterly earnings outcomes on Wednesday, October twenty sixth. The corporate reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.04. Globe Life had a return on fairness of 12.02% and a web margin of 13.61%. The corporate had income of $1.32 billion for the quarter, in comparison with analyst estimates of $1.33 billion. On common, analysts anticipate Globe Life to put up $8 EPS for the present fiscal 12 months and $10 EPS for the following fiscal 12 months.
Globe Life Inventory Efficiency
NYSE:GL opened at $119.43 on Wednesday. The inventory’s fifty day transferring common is $118.64 and its 200 day transferring common is $109.20. Globe Life has a fifty-two week low of $87.87 and a fifty-two week excessive of $123.85. The agency has a market capitalization of $11.62 billion, a PE ratio of 16.84 and a beta of 0.82. The corporate has a debt-to-equity ratio of 0.37, a fast ratio of 0.05 and a present ratio of 0.05.
Globe Life Dividend Announcement
The enterprise additionally not too long ago declared a quarterly dividend, which might be paid on Wednesday, February 1st. Traders of file on Friday, January sixth might be issued a dividend of $0.2075 per share. The ex-dividend date is Thursday, January fifth. This represents a $0.83 annualized dividend and a yield of 0.69%. Globe Life’s payout ratio is presently 11.71%.
Analyst Upgrades and Downgrades
Various analysts have weighed in on the corporate. Morgan Stanley elevated their goal value on Globe Life from $115.00 to $132.00 and gave the inventory an “underweight” ranking in a analysis word on Tuesday, January tenth. Credit score Suisse Group elevated their goal value on Globe Life from $130.00 to $140.00 and gave the inventory an “outperform” ranking in a analysis word on Monday, December nineteenth. Truist Monetary elevated their goal value on Globe Life from $100.00 to $112.00 and gave the inventory a “maintain” ranking in a analysis word on Friday, October twenty eighth. JPMorgan Chase & Co. elevated their goal value on Globe Life from $112.00 to $126.00 and gave the inventory an “obese” ranking in a analysis word on Friday, January sixth. Lastly, Piper Sandler elevated their goal value on Globe Life from $127.00 to $130.00 and gave the inventory an “obese” ranking in a analysis word on Tuesday, December twentieth. One equities analysis analyst has rated the inventory with a promote ranking, three have given a maintain ranking, 4 have given a purchase ranking and one has issued a powerful purchase ranking to the inventory. Based mostly on knowledge from MarketBeat, the inventory presently has a median ranking of “Reasonable Purchase” and a median value goal of $124.50.
Insider Transactions at Globe Life
In associated information, CEO Larry M. Hutchison bought 12,000 shares of the agency’s inventory in a transaction dated Friday, December thirtieth. The inventory was bought at a median value of $102.98, for a complete transaction of $1,235,760.00. Following the sale, the chief govt officer now owns 730,792 shares of the corporate’s inventory, valued at $75,256,960.16. The sale was disclosed in a submitting with the SEC, which is accessible via the SEC web site. In associated information, insider Steven John Dichiaro bought 10,000 shares of the agency’s inventory in a transaction dated Monday, October thirty first. The inventory was bought at a median value of $115.13, for a complete transaction of $1,151,300.00. Following the sale, the insider now owns 8,372 shares of the corporate’s inventory, valued at $963,868.36. The sale was disclosed in a submitting with the SEC, which is accessible via the SEC web site. Additionally, CEO Larry M. Hutchison bought 12,000 shares of the agency’s inventory in a transaction dated Friday, December thirtieth. The shares have been bought at a median value of $102.98, for a complete worth of $1,235,760.00. Following the sale, the chief govt officer now instantly owns 730,792 shares within the firm, valued at roughly $75,256,960.16. The disclosure for this sale may be discovered right here. Within the final 90 days, insiders have bought 110,571 shares of firm inventory valued at $12,563,268. 4.62% of the inventory is at the moment owned by company insiders.
Institutional Traders Weigh In On Globe Life
A number of institutional buyers have not too long ago added to or diminished their stakes within the enterprise. Wellington Administration Group LLP boosted its holdings in Globe Life by 37.0% within the first quarter. Wellington Administration Group LLP now owns 7,308,014 shares of the corporate’s inventory price $735,187,000 after buying an extra 1,973,186 shares within the final quarter. BlackRock Inc. boosted its holdings in Globe Life by 0.9% within the first quarter. BlackRock Inc. now owns 6,520,494 shares of the corporate’s inventory price $655,963,000 after buying an extra 57,587 shares within the final quarter. Invesco Ltd. boosted its holdings in Globe Life by 36.3% within the first quarter. Invesco Ltd. now owns 1,908,373 shares of the corporate’s inventory price $191,981,000 after buying an extra 508,064 shares within the final quarter. Charles Schwab Funding Administration Inc. boosted its holdings in Globe Life by 3.6% within the first quarter. Charles Schwab Funding Administration Inc. now owns 717,315 shares of the corporate’s inventory price $72,162,000 after buying an extra 24,618 shares within the final quarter. Lastly, Eaton Vance Administration boosted its holdings in Globe Life by 104.9% within the first quarter. Eaton Vance Administration now owns 248,384 shares of the corporate’s inventory price $24,988,000 after buying an extra 127,139 shares within the final quarter. Institutional buyers and hedge funds personal 81.04% of the corporate’s inventory.
Globe Life Firm Profile
Globe Life, Inc is a holding firm, which engages within the provision of particular person life and supplemental medical health insurance services and products. It operates via the next segments: Life Insurance coverage, Supplemental Well being Insurance coverage, Annuities, and Investments. The Life Insurance coverage phase consists of conventional and interest-sensitive complete life insurance coverage in addition to time period life insurances.
See Additionally
This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
Earlier than you contemplate Globe Life, you may need to hear this.
MarketBeat retains observe of Wall Avenue’s top-rated and finest performing analysis analysts and the shares they advocate to their purchasers every day. MarketBeat has recognized the 5 shares that prime analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Globe Life wasn’t on the listing.
Whereas Globe Life at the moment has a “Reasonable Purchase” ranking amongst analysts, top-rated analysts consider these 5 shares are higher buys.
