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Globe Life Inc (GL)

NYSE
Currency in USD
111.24
-0.46(-0.41%)
Closed
Pre Market
112.80+1.56(+1.40%)
GL Scorecard
Full Analysis
Management has been aggressively buying back shares
Fair Value
Day's Range
110.65112.41
52 wk Range
38.95132.00
Key Statistics
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Prev. Close
111.24
Open
111.97
Day's Range
110.65-112.41
52 wk Range
38.95-132
Volume
311.57K
Average Volume (3m)
692.67K
1-Year Change
-9.81%
Book Value / Share
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Fair Value
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Fair Value Upside
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GL Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
132.20
Upside
+18.84%
Members' Sentiments
Bearish
Bullish
ProTips
Has raised its dividend for 9 consecutive years
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Globe Life Inc Company Profile

Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates in four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. It offers whole, term, and other life insurance products; Medicare supplement and supplemental health insurance products, such as accident, cancer, critical illness, heart, and intensive care plans; and single-premium and flexible-premium deferred annuities. The company sells its products through its direct to consumer division, exclusive agencies, and independent agents. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was founded in 1900 and is headquartered in McKinney, Texas.

Industry
Insurance
Sector
Financial
Employees
3636

Globe Life Inc SWOT Analysis


Regulatory Hurdles
Globe Life faces DOJ and SEC inquiries, creating uncertainty despite strong operational performance and EPS outperformance in recent quarters
Strategic Initiatives
Explore Globe Life's plans to unlock $1.3 billion in capital by 2025 and potential establishment of a Bermuda entity for tax advantages
Market Resilience
Delve into Globe Life's robust distribution metrics and consistent earnings beats, signaling underlying strength amid regulatory challenges
Analyst Perspectives
Average price target of $96.33, with estimates ranging from $75 to $108, reflecting mixed views on Globe Life's growth potential and risks
Read full SWOT analysis
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Globe Life Inc Earnings Call Summary for Q4/2024

  • Net income rose to $303M, with net operating income up 29% to $308M; life and health premiums grew 4% and 7% respectively
  • Projected 2024 EPS of $12.20-$12.40; 2025 EPS of $13.20-$13.90; expecting 25-27% increase in excess investment income
  • Agent count growth projected: American Income +11%, Liberty National +14%, Family Heritage +5% for 2024
  • $580M in share repurchases in Q3; plans to invest $1.1-1.3B in fixed maturities at 5.8-5.9% yield for 2024
  • Challenges: $743M unrealized loss in fixed maturity portfolio; higher lapse rates in AIL and Direct Response segments
Last Updated: 10/25/2024, 06:36 PM
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Compare GL to Peers and Sector

Metrics to compare
GL
Peers
Sector
Relationship
P/E Ratio
8.6x2.0x8.7x
PEG Ratio
0.390.010.03
Price/Book
2.0x0.6x1.0x
Price / LTM Sales
1.6x0.9x2.8x
Upside (Analyst Target)
15.1%3.3%10.6%
Fair Value Upside
Unlock8.7%2.8%Unlock

Analysts' Recommendations

6 Buy
4 Hold
0 Sell
Ratings:
10 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 132.20

(+18.84% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 11.88
Dividend Yield
0.86%
Industry Median 2.43%
Annualized payout
0.9600
Paid quarterly
5-Years Growth
+6.88%
Growth Streak

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FAQ

What Is the Globe Life (GL) Stock Price Today?

The Globe Life stock price today is 111.24

What Stock Exchange Does Globe Life Trade On?

Globe Life is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Globe Life?

The stock symbol for Globe Life is "GL."

Does Globe Life Pay Dividends? What’s The Current Dividend Yield?

The Globe Life dividend yield is 0.86%.

What Is the Globe Life Market Cap?

As of today, Globe Life market cap is 9.34B.

What is Globe Life Earnings Per Share?

The Globe Life EPS is 11.88.

What Is the Next Globe Life Earnings Date?

Globe Life will release its next earnings report on Jan 28, 2025.

From a Technical Analysis Perspective, Is GL a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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