Globe Life Inc (NYSE: GL) is 7.58% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GL stock was last observed hovering at around $123.07 in the last trading session, with the day’s loss setting it -3.1%.
Currently trading at $119.97, the stock is 0.83% and 6.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing -2.52% at the moment leaves the stock 21.23% off its SMA200. GL registered -0.25% loss for a year compared to 6-month gain of 34.83%. The firm has a 50-day simple moving average (SMA 50) of $112.5126 and a 200-day simple moving average (SMA200) of $98.69745.
The stock witnessed a 7.89% loss in the last 1 month and extending the period to 3 months gives it a 15.92%, and is -1.91% 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 2.83% over the week and 2.17% over the month.
Globe Life Inc (GL) has around 3636 employees, a market worth around $10.07B and $5.78B in sales. Current P/E ratio is 10.04 and Fwd P/E is 8.14. Profit margin for the company is 18.53%. Distance from 52-week low is 208.01% and -9.11% from its 52-week high. The company has generated returns on investments over the last 12 months (15.38%).
with sales reaching $1.49B over the same period.The EPS is expected to grow by 10.01% this year, but quarterly earnings will post 5.18% year-over-year. Quarterly sales are estimated to grow 5.22% in year-over-year returns.
761.0 institutions hold shares in Globe Life Inc (GL), with institutional investors hold 85.18% of the company’s shares. The shares outstanding are 83.95M, and float is at 83.37M with Short Float at 1.93%. Institutions hold 84.64% 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 13,448 shares of the company’s common stock on Jan 06 ’25 at a price of $112.56 per share for a total of $1.51 million. Following the sale, the insider now owns 18948.0 shares.
Globe Life Inc disclosed in a document filed with the SEC on Jan 06 ’25 that HENRIE MICHAEL SHANE (SVP & Chief Accounting Officer) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Jan 06 ’25 and was made at $112.32 per share for $0.17 million. Following the transaction, the insider now directly holds 1820.0 shares of the GL stock.
Still, SEC filings show that on Jan 06 ’25, Haworth Jennifer Allison (EVP & Chief Marketing Officer) disposed off 9,000 shares at an average price of $112.91 for $1.02 million. The insider now directly holds 13,485 shares of Globe Life Inc (GL).
