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The closing price of Globe Life Inc (NYSE: GL) was $77.55 for the day, down -2.18% from the previous closing price of $79.28. In other words, the price has decreased by -$2.18 from its previous closing price. On the day, 1.78 million shares were traded. GL stock price reached its highest trading level at $80.0 during the session, while it also had its lowest trading level at $76.67.
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, 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:
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 Apr 25 ’24 when BLINN MARK A bought 2,000 shares for $76.77 per share. The transaction valued at 153,540 led to the insider holds 6,518 shares of the business.
Zorn Rebecca E sold 2,320 shares of GL for $179,336 on Apr 25 ’24. The EVP & Chief Talent Officer now owns 10,220 shares after completing the transaction at $77.30 per share. On Apr 24 ’24, another insider, BRANNEN JAMES, who serves as the Director of the company, bought 2,000 shares for $78.47 each. As a result, the insider paid 156,940 and bolstered with 7,030 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 7292561408 and an Enterprise Value of 9335819264. As of this moment, Globe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.41, and their Forward P/E ratio for the next fiscal year is 6.03. 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 1.32 while its Price-to-Book (P/B) ratio in mrq is 1.62. Its current Enterprise Value per Revenue stands at 1.684 whereas that against EBITDA is 6.85.
Stock Price History:
The Beta on a monthly basis for GL is 0.79, which has changed by -0.26789176 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. 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 -24.73%, while the 200-Day Moving Average is calculated to be -31.57%.
Shares Statistics:
GL traded an average of 2.83M shares per day over the past three months and 4764880 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 2.29% of the company’s shares, while institutions hold 84.34% stake in the company. Shares short for GL as of 1713139200 were 3430836 with a Short Ratio of 1.21, compared to 1710460800 on 2304931. Therefore, it implies a Short% of Shares Outstanding of 3430836 and a Short% of Float of 4.19.
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 0.008514128The stock’s 5-year Average Dividend Yield is 0.79. The current Payout Ratio is 8.93% for GL, which recently paid a dividend on 2024-04-04 with an ex-dividend date of 1712188800. Stock splits for the company last occurred on 2014-07-02 when the company split stock in a 3:2 ratio.
Earnings Estimates
Globe Life Inc (GL) is currently under the scrutiny of 8.0 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of $2.89 for the current quarter, with a high estimate of $2.95 and a low estimate of $2.82, while EPS last year was $2.61. The consensus estimate for the next quarter is $2.99, with high estimates of $3.03 and low estimates of $2.91.
Analysts are recommending an EPS of between $11.85 and $11.5 for the fiscal current year, implying an average EPS of $11.73. EPS for the following year is $12.86, with 8.0 analysts recommending between $13.15 and $12.48.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $1.46B to a low estimate of $1.44B. As of the current estimate, Globe Life Inc’s year-ago sales were $1.37BFor the next quarter, 4 analysts are estimating revenue of $1.46B. There is a high estimate of $1.47B for the next quarter, whereas the lowest estimate is $1.45B.
A total of 6 analysts have provided revenue estimates for GL’s current fiscal year. The highest revenue estimate was $5.84B, while the lowest revenue estimate was $4.69B, resulting in an average revenue estimate of $5.64B. In the same quarter a year ago, actual revenue was $5.45BBased on 6 analysts’ estimates, the company’s revenue will be $5.89B in the next fiscal year. The high estimate is $6.11B and the low estimate is $4.91B.
