Globe Life Inc (GL)’s Day in Review: Closing at 82.48, Down by -0.34

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After finishing at $82.76 in the prior trading day, Globe Life Inc (NYSE: GL) closed at $82.48, down -0.34%. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 1.48 million shares were traded. GL stock price reached its highest trading level at $84.36 during the session, while it also had its lowest trading level at $82.1025.

Ratios:

Our goal is to gain a better understanding of GL by taking a closer 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 0.32.

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, Keefe Bruyette on April 24, 2024, Upgraded its rating to Outperform and sets its target price to $110 from $130 previously.

On October 31, 2023, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $122 to $137.

Morgan Stanley Upgraded its Underweight to Equal-Weight on August 18, 2023, while the target price for the stock was maintained at $131.

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 May 28 ’24 when Hensley Robert Edward bought 2,500 shares for $82.17 per share. The transaction valued at 205,421 led to the insider holds 7,290 shares of the business.

SVOBODA FRANK M bought 2,500 shares of GL for $205,684 on May 21 ’24. The Co-Chairman & CEO now owns 144,898 shares after completing the transaction at $82.27 per share. On May 21 ’24, another insider, Darden James Matthew, who serves as the Co-Chairman & CEO of the company, bought 1,000 shares for $82.78 each. As a result, the insider paid 82,775 and bolstered with 38,973 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 7610404864 and an Enterprise Value of 9831967744. As of this moment, Globe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.88, and their Forward P/E ratio for the next fiscal year is 6.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.37 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 1.774 whereas that against EBITDA is 7.214.

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 -5.49%, while the 200-Day Moving Average is calculated to be -25.28%.

Shares Statistics:

The stock has traded on average 3.32M shares per day over the past 3-months and 2255320 shares per day over the last 10 days, according to various share statistics. A total of 93.79M shares are outstanding, with a floating share count of 90.17M. Insiders hold about 2.28% of the company’s shares, while institutions hold 87.49% stake in the company. Shares short for GL as of 1715731200 were 4104206 with a Short Ratio of 1.24, compared to 1713139200 on 3430836. Therefore, it implies a Short% of Shares Outstanding of 4104206 and a Short% of Float of 5.12.

Dividends & Splits

In the trailing 12 months, GL’s forward annual dividend rate was 0.915, compared to 0.91 this year. Against a Trailing Annual Dividend Yield of 0.011056066The stock’s 5-year Average Dividend Yield is 0.8.

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