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Globe Life Inc. (NYSE:GL – Get Rating) – Analysis analysts at Jefferies Monetary Group diminished their FY2024 EPS estimates for shares of Globe Life in a report issued on Tuesday, January seventeenth. Jefferies Monetary Group analyst D. Bergman now forecasts that the corporate will earn $10.15 per share for the yr, down from their prior estimate of $10.20. The consensus estimate for Globe Life’s present full-year earnings is $8.09 per share. Jefferies Monetary Group additionally issued estimates for Globe Life’s FY2025 earnings at $11.00 EPS and FY2026 earnings at $11.95 EPS.
Globe Life (NYSE:GL – Get Rating) final issued its quarterly earnings information on Wednesday, October twenty sixth. The corporate reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.04. Globe Life had a return on fairness of 12.02% and a internet margin of 13.61%. The corporate had income of $1.32 billion for the quarter, in comparison with analysts’ expectations of $1.33 billion.
A number of different analysts additionally lately weighed in on GL. Morgan Stanley raised their goal worth on Globe Life from $115.00 to $132.00 and gave the corporate an “underweight” ranking in a analysis word on Tuesday, January tenth. Credit score Suisse Group boosted their worth goal on Globe Life from $130.00 to $140.00 and gave the corporate an “outperform” ranking in a analysis report on Monday, December nineteenth. Piper Sandler boosted their worth goal on Globe Life from $127.00 to $130.00 and gave the inventory an “obese” ranking in a analysis report on Tuesday, December twentieth. StockNews.com started protection on Globe Life in a analysis word on Wednesday, October twelfth. They issued a “maintain” ranking for the corporate. Lastly, Truist Monetary lifted their worth goal on shares of Globe Life from $100.00 to $112.00 and gave the corporate a “maintain” ranking in a analysis word on Friday, October twenty eighth. Two funding analysts have rated the inventory with a promote ranking, three have assigned a maintain ranking, 4 have given a purchase ranking and one has issued a powerful purchase ranking to the corporate’s inventory. In response to information from MarketBeat, the corporate at present has a median ranking of “Maintain” and a median goal worth of $120.11.
Globe Life Inventory Down 1.1 %
Shares of NYSE:GL opened at $117.32 on Friday. The corporate has a 50 day shifting common of $118.21 and a two-hundred day shifting common of $108.66. Globe Life has a 52-week low of $87.87 and a 52-week excessive of $123.85. The corporate has a fast ratio of 0.05, a present ratio of 0.05 and a debt-to-equity ratio of 0.37. The corporate has a market capitalization of $11.41 billion, a price-to-earnings ratio of 16.55 and a beta of 0.82.
Institutional Inflows and Outflows
Numerous institutional traders and hedge funds have lately purchased and bought shares of GL. Vanguard Group Inc. lifted its place in shares of Globe Life by 0.3% in the course of the third quarter. Vanguard Group Inc. now owns 10,638,209 shares of the corporate’s inventory value $1,060,631,000 after buying a further 31,957 shares over the last quarter. Wellington Administration Group LLP elevated its place in shares of Globe Life by 37.0% in the course of the first quarter. Wellington Administration Group LLP now owns 7,308,014 shares of the corporate’s inventory valued at $735,187,000 after buying a further 1,973,186 shares in the course of the interval. BlackRock Inc. raised its place in Globe Life by 0.9% within the first quarter. BlackRock Inc. now owns 6,520,494 shares of the corporate’s inventory value $655,963,000 after buying a further 57,587 shares within the final quarter. Boston Companions boosted its stake in shares of Globe Life by 2.2% within the third quarter. Boston Companions now owns 2,546,278 shares of the corporate’s inventory valued at $254,128,000 after buying a further 54,819 shares within the final quarter. Lastly, FMR LLC grew its place in Globe Life by 7.9% in the course of the 2nd quarter. FMR LLC now owns 2,110,260 shares of the corporate’s inventory value $205,687,000 after buying a further 154,505 shares over the last quarter. Institutional traders and hedge funds personal 81.04% of the corporate’s inventory.
Insider Exercise at Globe Life
In different Globe Life information, insider David Kendall Carlson bought 15,000 shares of the corporate’s inventory in a transaction dated Friday, November 4th. The inventory was bought at a median worth of $113.06, for a complete worth of $1,695,900.00. The sale was disclosed in a doc filed with the SEC, which is accessible via this hyperlink. In associated information, insider David Kendall Carlson bought 15,000 shares of the agency’s inventory in a transaction that occurred on Friday, November 4th. The inventory was bought at a median worth of $113.06, for a complete worth of $1,695,900.00. The sale was disclosed in a submitting with the SEC, which might be accessed via this hyperlink. Additionally, CAO Michael Shane Henrie bought 3,000 shares of the corporate’s inventory in a transaction that occurred on Monday, October thirty first. The inventory was bought at a median worth of $114.93, for a complete worth of $344,790.00. The disclosure for this sale might be discovered here. Within the final 90 days, insiders bought 110,571 shares of firm inventory value $12,563,268. 4.62% of the inventory is owned by company insiders.
Globe Life Dividend Announcement
The enterprise additionally lately disclosed a quarterly dividend, which will probably be paid on Wednesday, February 1st. Shareholders of report on Friday, January sixth will probably be issued a dividend of $0.2075 per share. The ex-dividend date is Thursday, January fifth. This represents a $0.83 annualized dividend and a yield of 0.71%. Globe Life’s payout ratio is presently 11.71%.
Globe Life Firm Profile
Globe Life, Inc is a holding firm, which engages within the provision of particular person life and supplemental medical health insurance services. It operates via the next segments: Life Insurance coverage, Supplemental Well being Insurance coverage, Annuities, and Investments. The Life Insurance coverage phase consists of conventional and interest-sensitive complete life insurance coverage in addition to time period life insurances.
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