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Globe Life Inc. (NYSE:GL – Get Rating) – Research analysts at Jefferies Financial Group lowered their 2024 EPS estimate for Globe Life stock in a report published on Tuesday, Jan. 17. Jefferies Financial Group analyst D. Bergman expects the company to earn $10.15 a share for the year, down from his previous estimate of $10.20. . Globe Life’s current consensus estimate for annual earnings is $8.09 per share. Jefferies Financial Group also estimated Globe Life’s 2025 earnings at his EPS of $11.00 and his 2026 earnings at $11.95.
Globe Life (NYSE:GL – Get Rating) last released its quarterly earnings data on Wednesday, October 26th. The company reported EPS of $2.15 for the quarter, beating analyst consensus expectations of $2.11 by $0.04. Globe Life’s return on equity was 12.02% and net profit margin was 13.61%. The company posted revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion.
Several other analysts have also recently joined GL. Morgan Stanley raised her GlobeLife price target from her $115.00 to her $132.00 in her research notes on Tuesday, Jan. 10, giving the company an “underweight” rating. Credit Suisse Group raised its price target for Globe Life from his $130.00 to $140.00 in a research report on Monday, Dec. 19, giving the company an “excellent” rating. Piper Sandler raised Globe Life’s price target from $127.00 to $130.00, giving the stock an “overweight” rating, in a research report on Tuesday, Dec. 20. StockNews.com began covering Globe Life in an investigative note on Wednesday, October 12th. They issued a “pending” rating to the company. Finally, Trust Financial raised Globe Life’s price target from $100.00 to $112.00 in its research notes on Friday, October 28, giving the company a “Hold” rating. Two investment analysts issued sell ratings, three hold ratings, four buy ratings, and one strong buy rating on the company’s stock. According to MarketBeat data, the company’s current average valuation is “pending” with an average target price of $120.11.
Globe Life shares drop 1.1%
NYSE:GL shares opened Friday at $117.32. The company has a 50-day moving average of $118.21 and a 200-day moving average of $108.66. Globe Life has a 52-week low of $87.87 and a 52-week high of $123.85. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt to equity ratio of 0.37. The company has a market capitalization of $11.41 billion, a price/earnings ratio of 16.55 and a beta of 0.82.
institution inflow and outflow
Recently, many institutional investors and hedge funds have bought and sold shares of GL. Vanguard Group Inc. raised his Globe Life stock position by 0.3% in the third quarter. Vanguard Group Inc. now owns 10,638,209 shares worth $1,060,631,000 after he purchased an additional 31,957 shares during the previous quarter. Wellington Management Group LLP increased its Globe Life stock position by 37.0% in the first quarter. Wellington Management Group LLP owns 7,308,014 shares of the company worth $735.187 million after he purchased an additional 1,973,186 shares during this period. BlackRock Inc. increased its Globe Life position by 0.9% in the first quarter. He owns 6,520,494 shares of BlackRock Inc. worth $655,963,000 after he purchased an additional 57,587 shares last quarter. Boston Partners increased its stake in Globe Life by 2.2% in the third quarter. Boston Partners owns 2,546,278 shares worth $254,128,000 after purchasing an additional 54,819 shares in the previous quarter. Finally, FMR LLC increased its Globe Life position by 7.9% in the second quarter. FMR LLC now owns 2,110,260 shares of the company stock valued at $25687,000 after acquiring an additional 154,505 shares during the previous quarter. Institutional investors and hedge funds own 81.04% of the company’s shares.
Insider activity on Globe Life
In another Globe Life news, insider David Kendall Carlson sold 15,000 shares of the company’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $113.06 for a total of $1,695,900.00. The sale is disclosed in documents filed with the SEC and available at this hyperlink. In related news, insider David Kendall Carlson sold 15,000 shares of the company’s stock in a transaction that took place on Friday, November 4th. The shares were sold at an average price of $113.06 for a total of $1,695,900.00. The sale was disclosed in SEC filings accessible via this hyperlink. CAO Michael Shane Henry also sold 3,000 shares of the company in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $114.93 for a total of $344,790.00. Please see here for the disclosure of this sale. In the past 90 days, the insider has sold 110,571 shares of his company stock worth $12,563,268. His 4.62% of shares are owned by corporate insiders.
Notice of Globe Life Dividend
The company recently announced a quarterly dividend payable on Wednesday, February 1st. Dividends of $0.2075 per share will be issued to shareholders of record on Friday, January 6. The ex-dividend date is Thursday, January 5. This represents an annualized dividend of $0.83 and his yield of 0.71%. Globe Life currently has a dividend payout ratio of 11.71%.
Globe Life Company Profile
(get rating)
Globe Life, Inc is a holding company engaged in the provision of personal life and supplemental health insurance products and services. It operates through the following segments: life insurance, supplemental health insurance, annuities, and investments. The Life Insurance segment includes traditional, interest-sensitive whole life and term insurance.
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