Globe Life Inc (NYSE: GL) is -12.41% 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 $106.05 in the last trading session, with the day’s gains setting it 0.56%.
Currently trading at $106.61, the stock is -2.67% and -1.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 0.53% at the moment leaves the stock 8.73% off its SMA200. GL registered -13.98% loss for a year compared to 6-month gain of 31.23%. The firm has a 50-day simple moving average (SMA 50) of $108.1116 and a 200-day simple moving average (SMA200) of $98.15345.
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The stock witnessed a 2.14% loss in the last 1 month and extending the period to 3 months gives it a 3.97%, and is -4.56% down 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 3.72% over the week and 2.73% over the month.
Globe Life Inc (GL) has around 3636 employees, a market worth around $8.95B and $5.73B in sales. Current P/E ratio is 9.02 and Fwd P/E is 7.86. Profit margin for the company is 19.04%. Distance from 52-week low is 173.71% and -19.23% from its 52-week high. The company has generated returns on investments over the last 12 months (15.66%).
The EPS is expected to grow by 15.85% this year
762.0 institutions hold shares in Globe Life Inc (GL), with institutional investors hold 86.66% of the company’s shares. The shares outstanding are 84.28M, and float is at 83.43M with Short Float at 2.41%. Institutions hold 84.57% 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 sale by SVOBODA FRANK M, the company’s Co-Chairman & CEO. SEC filings show that SVOBODA FRANK M sold 14,340 shares of the company’s common stock on Dec 03 ’24 at a price of $108.80 per share for a total of $1.56 million. Following the sale, the insider now owns 16396.0 shares.
Still, SEC filings show that on Nov 07 ’24, Robert Brian Mitchell (Officer) Proposed Sale 8,000 shares at an average price of $110.20 for $0.88 million. The insider now directly holds shares of Globe Life Inc (GL).
