The stock of Globe Life Inc. (NYSE:GL) increased by $0.02 on Friday to finish at $111.46, up 0.02 percent. The last five days have seen an average of 465,780 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$9.09. The average number of shares traded over the last 20 days was 404,150, while the average volume over the last 50 days totaled 457,990.
GL stock appreciated 0.30% since last month. On 07/27/23, the company’s shares reached a one-month low of $110.69. The stock touched a high of $123.85 on 01/12/23, after rallying from a low of $96.23 in 52 weeks. The price of GL stock has declined by -7.54% or -$9.09 this year, reaching a new high 3 times. Still, the stock price is down -10.00% from the 52-week high.
Insider Transactions
GL stock investors should be aware that Globe Life Inc. (GL) stock had its last reported insider trading activity 12 days ago on Aug 16. On Aug 16, Co-Chairman & CEO SVOBODA FRANK M sold 12,500 shares at $113.57 each. This transaction resulted in the insider making $1,419,574. On Jul 31, HENRIE MICHAEL SHANE sold 1,000 shares at a price of US$112.06. After the transaction, the insider now owns 700 shares. Director Alston Cheryl had earlier sold 16,691 shares on Jun 14 for $108.81 a share. The transaction was completed for $1,816,184.
Valuation Metrics
Globe Life Inc. (GL) has a trailing price-to-earnings (P/E) ratio of 13.01. Beta for the stock is 0.78. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.01, the price-to-book (PB) ratio of 2.67, and the price-to-cash flow ratio of 7.08.
Company paid $0.2250 per share in dividends, remained unchanged from $0.2250 last year. A $0.0175 dividend increase was reported on Thursday February 23 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.45, and the total debt to equity ratio is 0.52. Globe Life Inc.’s operating margin stood at 21.40% for the same period. Based on annual data, it had gross profit of $906.31 million and revenue of $5.21 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GL’s return on assets (ROA) during the last 12 months has been 3.20%. There was a 13.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.80%.
Earnings Surprise
According to Globe Life Inc.’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $1.33 billion, while revenues rose by 2.55% to $1.32 billion. It was predicted that Globe Life Inc.’s quarterly earnings would be $2.61, but it ended up being $2.57, beating the consensus by 1.60%. At the end of Globe Life Inc.’s most recent quarter ended June 29, its total debt was $2.06 billion. Equity owned by shareholders amounts to $94.82 million.
Technical Picture
Here’s a quick look at Globe Life Inc.’s (GL) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 40.89%, suggesting the stock is Neutral, with a 12.67% historical volatility rate.
The stochastic %K and %D were 12.41% and 10.80% respectively, while the average true range (ATR) was 1.50. Based on the 14-day stochastic reading of 16.59%, the RSI (14) reading is 45.28%. On the 9-day MACD Oscillator, the stock is at -0.74, and the 14-day reading is at -1.43.
Analyst Ratings
In its most recent analyst report, Morgan Stanley raised its rating on Globe Life Inc. (NYSE: GL) to an Equal-weight. Prior to this, analysts firm rated the stock as an Underweight. Analysts have assigned Globe Life Inc. (GL) an Overweight rating. GL is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is GL’s price target for the next 12 months?
The current consensus forecast for the stock is between $115.00 and $138.00, with a median target price of $126.00. In analyzing these forecasts, the average price target given by analysts for Globe Life Inc. (GL) is $125.50.
