Globe Life Inc (NYSE: GL) closed the day trading at $59.09 up 20.17% from the previous closing price of $49.17. On the day, 25680354 shares were traded.
Ratios:
For a better understanding of GL, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.36.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on October 31, 2023, Upgraded its rating to Overweight and sets its target price to $137 from $122 previously.
On August 18, 2023, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight but kept the price unchanged to $131.
On April 25, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $120.Wells Fargo initiated its Equal Weight rating on April 25, 2023, with a $120 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 29 ’23 when Haworth Jennifer Allison sold 2,524 shares for $121.37 per share. The transaction valued at 306,348 led to the insider holds 8,606 shares of the business.
BUCHAN JANE sold 1,000 shares of GL for $124,500 on Dec 12 ’23. The Director now owns 80,285 shares after completing the transaction at $124.50 per share. On Dec 11 ’23, another insider, Skarjune Dolores L, who serves as the EVP and Chief Admin. Officer of the company, sold 20,479 shares for $123.28 each. As a result, the insider received 2,524,565 and left with 4,956 shares of the company.
Valuation Measures:
As of this moment, Globe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.86, and their Forward P/E ratio for the next fiscal year is 4.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.02 while its Price-to-Book (P/B) ratio in mrq is 1.24.
Stock Price History:
Over the past 52 weeks, GL has reached a high of $132.00, while it has fallen to a 52-week low of $38.95.
Shares Statistics:
A total of 93.79M shares are outstanding, with a floating share count of 91.89M. Insiders hold about 2.28% of the company’s shares, while institutions hold 83.17% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from Coinbase Global, Inc. analysts. The consensus estimate for the next quarter is $154.63, with high estimates of $24.91 and low estimates of $10.96.
Analysts are recommending an EPS of between $Services and $Communication Services for the fiscal current year, implying an average EPS of $Industrials.
