About 0 Worth Of Globe Life Inc. (GL) Shares Belongs To Its Officer of Principal Sub


As of Wednesday close, Globe Life Inc.’s (NYSE:GL) stock was up $0.49, moving up 0.42 percent to $116.77. The average number of shares traded per day over the past five days has been 744,080 shares. 4 times new highs have been achieved over the past 5 days, with a $4.11 gain in that time frame. In the last twenty days, the average volume was 678,360, while in the previous 50 days, it was 646,742.

Since last month, GL stock rose 1.86%. Shares of the company fell to $109.47 on 11/14/22, the lowest level in the past month. A 52-week high of $117.31 was reached on 11/22/22 after having rallying from a 52-week low of $85.25. Since the beginning of this year, GL’s stock price has risen by 24.59% or $23.05, and marked a new high 21 times. However, the stock has declined by -0.46% since its 52-week high.

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GL stock investors should be aware that Globe Life Inc. (GL) stock had its last reported insider trading activity 2 days ago on Nov 22. Rogers John Henry JR, the Officer of Principal Sub of the company, disposed of 11,300 shares for $116.07 on Nov 22. It resulted in a $1,311,542 divestment by the insider. DICHIARO STEVEN JOHN sold 10,000 shares at an average price of $113.61 on Nov 18. The insider now owns 8,372 shares following the transaction. On Nov 04, Officer of Principal Sub. CARLSON DAVID KENDALL sold 15,000 shares at $113.06 apiece. The transaction was valued at $1,695,923.

Valuation Metrics

Right now, Globe Life Inc. (GL) has a P/E ratio of about 16.47. The stock’s beta is 0.84. Besides these, the trailing price-to-sales (P/S) ratio of 2.17, the price-to-book (PB) ratio of 2.60, and the price-to-cash flow ratio of 8.54 may also be considered.

The latest dividend of $0.2075 per share was paid out, remained unchanged from last year’s $0.2075. On Tuesday March 8 2022, a $0.0095 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.37, and the total debt-to-equity ratio was 0.47. In the year ended September 29, operating margins totaled 18.30%. Based on annual data, GL earned $912.39 million in gross profit and brought in $5.11 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.80%. Return on equity (ROE) for the past 12 months was 11.20%.

In Globe Life Inc.’s quarter-end financial report for September 29, it reported total debt of $1.63 billion. GL’s revenue rose 1.04% to $1.29 billion during the quarter, while net income inched up to $1.29 billion. While analysts expected Globe Life Inc. to report $2.1 quarterly earnings, the actual figure was $2.15 per share, beating the consensus estimate by 2.40%. The value of shareholders’ equity is $97.27 million.

Technical Picture

This quick technical analysis looks at Globe Life Inc.’s (GL) price momentum. With a historical volatility rate of 23.66%, the RSI 9-day stood at 68.13% on 23 November.

With respect to its five-day moving average, the current Globe Life Inc. price is up by +3.65% percent or $4.11. At present, GL shares trade +2.11% above its 20-day simple moving average and +19.71% percent above its 100-day simple moving average. However, the stock is currently trading approximately +15.42% above its SMA50 and +10.19% above its SMA200.

Stochastic coefficient K was 88.70% and Stochastic coefficient D was 78.64%, while ATR was 2.41. Given the Stochastic reading of 93.08% for the 14-day period, the RSI (14) reading has been calculated as 63.95%. As of today, the MACD Oscillator reading stands at 2.67, while the 14-day reading stands at 2.65.

Analyst Ratings

Globe Life Inc. downgraded its rating on Globe Life Inc. (NYSE: GL) to an In-line in a note to investors on October 28, 2022. The analysts firm previously had an Outperform rating on the stock.Globe Life Inc. (GL) has been rated Overweight by analysts. According to 1 brokerage firm, GL is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Globe Life Inc. stock as buy, with 5 recommending it as overweight.

With a median target price of $118.50, the current consensus forecast for the stock is $112.00 – $138.00. Based on these forecasts, analysts predict Globe Life Inc. (GL) will achieve an average price target of $120.70.


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