Globe Life (NYSE:GL – Get Free Report) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $13.20-13.90 for the period, compared to the consensus estimate of $13.25. Globe Life also updated its FY 2024 guidance to 12.200-12.400 EPS.
Globe Life Trading Down 1.3 %
Shares of NYSE GL traded down $1.47 during trading hours on Thursday, hitting $109.39. The company’s stock had a trading volume of 1,240,682 shares, compared to its average volume of 1,597,472. Globe Life has a 12 month low of $38.95 and a 12 month high of $132.00. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 10.77 and a beta of 0.81. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.05 and a current ratio of 0.05. The business has a 50-day simple moving average of $104.94 and a 200-day simple moving average of $90.77.
Globe Life (NYSE:GL – Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.90 by $0.07. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Globe Life had a net margin of 18.47% and a return on equity of 21.93%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $2.61 EPS. On average, analysts anticipate that Globe Life will post 11.93 earnings per share for the current fiscal year.
Globe Life Dividend Announcement
Analysts Set New Price Targets
GL has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on shares of Globe Life from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Raymond James boosted their target price on Globe Life from $160.00 to $188.00 and gave the company a “strong-buy” rating in a research report on Tuesday, October 15th. Jefferies Financial Group increased their price target on Globe Life from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, June 28th. Piper Sandler increased their target price on Globe Life from $106.00 to $118.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $118.00 price objective (up from $110.00) on shares of Globe Life in a research report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Globe Life presently has a consensus rating of “Moderate Buy” and an average price target of $121.10.
Insider Transactions at Globe Life
In other news, Director Mary E. Thigpen bought 3,000 shares of Globe Life stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of $90.20 per share, for a total transaction of $270,600.00. Following the completion of the acquisition, the director now owns 15,605 shares of the company’s stock, valued at $1,407,571. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.51% of the company’s stock.
Globe Life Company Profile
Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates in four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.
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