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The closing price of Globe Life Inc (NYSE: GL) was $75.76 for the day, up 14.11% from the previous closing price of $66.39. In other words, the price has increased by $14.11 from its previous closing price. On the day, 9.39 million shares were traded. GL stock price reached its highest trading level at $76.8695 during the session, while it also had its lowest trading level at $66.2736.
Ratios:
Our analysis of GL’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GL now has a Market Capitalization of 7124235264. As of this moment, Globe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.51, and their Forward P/E ratio for the next fiscal year is 5.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 1.58.
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. The 50-Day Moving Average of the stock is -31.62%, while the 200-Day Moving Average is calculated to be -33.94%.
Shares Statistics:
GL traded an average of 2.21M shares per day over the past three months and 10359350 shares per day over the past ten days. 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 83.16% stake in the company. Shares short for GL as of 1711584000 were 2748321 with a Short Ratio of 1.24, compared to 1709164800 on 1183717. Therefore, it implies a Short% of Shares Outstanding of 2748321 and a Short% of Float of 3.35.
Dividends & Splits
With its trailing 12-month dividend rate of 0.675, GL has a forward annual dividend rate of 0.92. Against a Trailing Annual Dividend Yield of 0.0101671945The stock’s 5-year Average Dividend Yield is 0.78.
