Globe Life Inc (NYSE: GL) is -13.56% lower on its value in year-to-date trading and has touched a low of $38.95 and a high of $132.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GL stock was last observed hovering at around $103.54 in the last trading session, with the day’s gains setting it 1.68%.
Currently trading at $105.22, the stock is 10.44% and 17.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 1.62% at the moment leaves the stock 2.04% off its SMA200. GL registered -5.83% loss for a year compared to 6-month loss of -17.10%.
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The stock witnessed a 13.46% gain in the last 1 month and extending the period to 3 months gives it a 27.90%, and is 6.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.19% over the week and 2.17% over the month.
Globe Life Inc (GL) has around 3636 employees, a market worth around $9.45B and $5.66B in sales. Current P/E ratio is 9.51 and Fwd P/E is 7.97. Profit margin for the company is 18.47%. Distance from 52-week low is 170.14% and -20.29% from its 52-week high. The company has generated returns on investments over the last 12 months (15.23%).
The EPS is expected to grow by 12.10% this year
761.0 institutions hold shares in Globe Life Inc (GL), with institutional investors hold 86.82% of the company’s shares. The shares outstanding are 93.79M, and float is at 87.74M with Short Float at 2.45%. Institutions hold 84.83% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.38 million shares valued at $936.59 million. The investor’s holdings represent 12.1269 of the GL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.1 million shares valued at $502.06 million to account for 6.5007 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 5.95 million shares representing 6.3341 and valued at over $489.2 million, while INVESCO LTD. holds 4.4642 of the shares totaling 4.19 million with a market value of $344.78 million.
Globe Life Inc (GL) Insider Activity
The most recent transaction is an insider purchase by Thigpen Mary E, the company’s Director. SEC filings show that Thigpen Mary E bought 3,000 shares of the company’s common stock on Jul 26 ’24 at a price of $90.20 per share for a total of $0.27 million. Following the purchase, the insider now owns 15605.0 shares.
Globe Life Inc disclosed in a document filed with the SEC on May 28 ’24 that Hensley Robert Edward (EVP & Chief Investment Officer) bought a total of 2,500 shares of the company’s common stock. The trade occurred on May 28 ’24 and was made at $82.17 per share for $0.21 million. Following the transaction, the insider now directly holds 7290.0 shares of the GL stock.
Still, SEC filings show that on May 21 ’24, Darden James Matthew (Co-Chairman & CEO) acquired 1,000 shares at an average price of $82.78 for $82775.0. The insider now directly holds 38,973 shares of Globe Life Inc (GL).
