The price of Globe Life Inc (NYSE: GL) closed at $111.64 in the last session, down -2.18% from day before closing price of $114.13. In other words, the price has decreased by -$2.49 from its previous closing price. On the day, 1739544 shares were traded.
Ratios:
We take a closer look at GL’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 10.50B and an Enterprise Value of 12.51B. As of this moment, Globe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.07, and their Forward P/E ratio for the next fiscal year is 8.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.92 while its Price-to-Book (P/B) ratio in mrq is 2.33. Its current Enterprise Value per Revenue stands at 2.30.
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 $102.23. The 50-Day Moving Average of the stock is 122.37, while the 200-Day Moving Average is calculated to be 116.58.
Shares Statistics:
According to the various share statistics, GL traded on average about 681.54K shares per day over the past 3-months and 1.12M shares per day over the past 10 days. A total of 93.79M shares are outstanding, with a floating share count of 91.58M. Insiders hold about 2.27% of the company’s shares, while institutions hold 83.54% stake in the company. Shares short for GL as of Mar 15, 2024 were 2.3M with a Short Ratio of 3.38, compared to 958.87k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.45% and a Short% of Float of 2.81%.
Dividends & Splits
The forward annual dividend rate for GL is 0.68, which was 0.90 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.79%, it implies a Forward Annual Dividend Yield of 0.82%. The stock’s 5-year Average Dividend Yield is 0.78. The current Payout Ratio is 8.93% for GL, which recently paid a dividend on May 01, 2024 with an ex-dividend date of Apr 04, 2024. Stock splits for the company last occurred on Jul 02, 2014 when the company split stock in a 3:2 ratio.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of $2.79 for the current quarter, with a high estimate of $2.82 and a low estimate of $2.74, while EPS last year was $2.53. The consensus estimate for the next quarter is $2.88, with high estimates of $2.92 and low estimates of $2.85.
Analysts are recommending an EPS of between $11.7 and $11.53 for the fiscal current year, implying an average EPS of $11.58. EPS for the following year is $12.53, with 9 analysts recommending between $12.75 and $12.35.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $1.43B. It ranges from a high estimate of $1.43B to a low estimate of $1.42B. As of the current estimate, Globe Life Inc’s year-ago sales were $1.32B, an estimated increase of 8.00% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $1.45B, an increase of 5.60% less than the figure of $8.00% in the same quarter last year. There is a high estimate of $1.45B for the next quarter, whereas the lowest estimate is $1.44B.
A total of 5 analysts have provided revenue estimates for GL’s current fiscal year. The highest revenue estimate was $5.83B, while the lowest revenue estimate was $5.81B, resulting in an average revenue estimate of $5.82B. In the same quarter a year ago, actual revenue was $5.45B, up 6.80% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $6.09B in the next fiscal year. The high estimate is $6.11B and the low estimate is $6.05B. The average revenue growth estimate for next year is up 4.70% from the average revenue estimate for this year.
