Globe Life (NYSE:GL – Get Ranking) is scheduled to publish its quarterly earnings outcomes after the market closes on Wednesday, October twenty sixth. Analysts anticipate Globe Life to publish earnings of $2.11 per share for the quarter. Globe Life has set its FY22 steerage at $7.90-$8.30 EPS.
Globe Life (NYSE:GL – Get Ranking) final introduced its quarterly earnings outcomes on Wednesday, July twenty seventh. The corporate reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.03. The corporate had income of $1.29 billion for the quarter, in comparison with the consensus estimate of $1.33 billion. Globe Life had a internet margin of 13.68% and a return on fairness of 9.90%. Globe Life’s income for the quarter was up 1.7% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the agency posted $1.85 EPS.
Globe Life Inventory Efficiency
Shares of NYSE GL opened at $113.35 on Wednesday. The corporate has a debt-to-equity ratio of 0.31, a fast ratio of 0.06 and a present ratio of 0.06. The corporate has a market cap of $11.04 billion, a P/E ratio of 16.12 and a beta of 0.80. The agency’s fifty day transferring common is $102.53 and its two-hundred day transferring common is $99.86. Globe Life has a 52-week low of $85.25 and a 52-week excessive of $113.49.
Globe Life Broadcasts Dividend
The agency additionally lately introduced a quarterly dividend, which will probably be paid on Tuesday, November 1st. Stockholders of document on Friday, October seventh will probably be issued a $0.2075 dividend. The ex-dividend date of this dividend is Thursday, October sixth. This represents a $0.83 dividend on an annualized foundation and a dividend yield of 0.73%. Globe Life’s dividend payout ratio (DPR) is presently 11.81%.
Wall Road Analysts Forecast Development
A lot of analysis companies have lately weighed in on GL. StockNews.com started protection on shares of Globe Life in a report on Wednesday, October twelfth. They issued a “maintain” score on the inventory. Morgan Stanley boosted their goal value on shares of Globe Life from $109.00 to $110.00 and gave the inventory an “underweight” score in a report on Wednesday, August seventeenth. Piper Sandler boosted their goal value on shares of Globe Life from $119.00 to $121.00 and gave the inventory an “chubby” score in a report on Friday, July eighth. JPMorgan Chase & Co. boosted their goal value on shares of Globe Life from $108.00 to $112.00 in a report on Monday, July eleventh. Lastly, Raymond James began protection on shares of Globe Life in a analysis word on Wednesday, September twenty first. They set a “strong-buy” score and a $138.00 value goal for the corporate. Two analysts have rated the inventory with a promote score, two have assigned a maintain score, three have issued a purchase score and one has issued a robust purchase score to the corporate’s inventory. In response to knowledge from MarketBeat.com, the inventory has a consensus score of “Maintain” and a consensus goal value of $114.25.
Insider Shopping for and Promoting at Globe Life
In different Globe Life information, insider Kenneth J. Matson bought 25,000 shares of the enterprise’s inventory in a transaction dated Friday, August nineteenth. The shares had been bought at a mean value of $103.55, for a complete worth of $2,588,750.00. Following the completion of the sale, the insider now immediately owns 31,726 shares of the corporate’s inventory, valued at roughly $3,285,227.30. The transaction was disclosed in a submitting with the SEC, which is offered by means of this hyperlink. In different Globe Life information, insider Kenneth J. Matson bought 25,000 shares of the enterprise’s inventory in a transaction dated Friday, August nineteenth. The shares had been bought at a mean value of $103.55, for a complete worth of $2,588,750.00. Following the completion of the sale, the insider now immediately owns 31,726 shares of the corporate’s inventory, valued at roughly $3,285,227.30. The transaction was disclosed in a submitting with the SEC, which is offered by means of this hyperlink. Additionally, CAO Michael Shane Henrie bought 800 shares of the enterprise’s inventory in a transaction dated Friday, July twenty ninth. The shares had been bought at a mean value of $100.64, for a complete transaction of $80,512.00. The disclosure for this sale might be discovered right here. Insiders bought a complete of 66,963 shares of firm inventory valued at $6,924,008 within the final three months. Firm insiders personal 4.62% of the corporate’s inventory.
Institutional Traders Weigh In On Globe Life
A number of massive traders have lately modified their holdings of the enterprise. Captrust Monetary Advisors raised its holdings in shares of Globe Life by 23.3% within the 2nd quarter. Captrust Monetary Advisors now owns 17,851 shares of the corporate’s inventory valued at $1,740,000 after buying an extra 3,379 shares within the final quarter. First Republic Funding Administration Inc. raised its stake in shares of Globe Life by 9.0% in the course of the 2nd quarter. First Republic Funding Administration Inc. now owns 20,569 shares of the corporate’s inventory price $2,005,000 after buying an extra 1,694 shares within the final quarter. Artistic Planning raised its stake in shares of Globe Life by 503.6% in the course of the 2nd quarter. Artistic Planning now owns 18,451 shares of the corporate’s inventory price $1,798,000 after buying an extra 15,394 shares within the final quarter. AQR Capital Administration LLC raised its stake in shares of Globe Life by 81.6% in the course of the 2nd quarter. AQR Capital Administration LLC now owns 69,989 shares of the corporate’s inventory price $6,743,000 after buying an extra 31,450 shares within the final quarter. Lastly, Atria Wealth Options Inc. purchased a brand new place in shares of Globe Life in the course of the 2nd quarter price roughly $240,000. Institutional traders personal 81.82% of the corporate’s inventory.
About Globe Life
Globe Life Inc, by means of its subsidiaries, supplies varied life and supplemental medical health insurance merchandise, and annuities to decrease center to center earnings households in america. The corporate operates by means of 4 segments: Life Insurance coverage, Supplemental Well being Insurance coverage, Annuities, and Investments.
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