A share price of Globe Life Inc [GL] is currently trading at $106.65, up 0.44%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GL shares have gain 5.24% over the last week, with a monthly amount glided 8.67%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Globe Life Inc [NYSE: GL] stock has seen the most recent analyst activity on April 24, 2024, when Keefe Bruyette upgraded its rating to a Outperform and also revised its price target to $110 from $130. Previously, Wells Fargo upgraded its rating to Overweight on October 31, 2023, and elevated its price target to $137. On August 18, 2023, upgrade upgraded it’s rating to Equal-Weight but maintained its price target of $131 on the stock. Wells Fargo started tracking the stock assigning a Equal Weight rating and suggested a price target of $120 on April 25, 2023. Evercore ISI downgraded its rating to a In-line and reduced its price target to $114 on October 28, 2022. Raymond James started tracking with a Strong Buy rating for this stock on September 22, 2022, and assigned it a price target of $138. In a note dated June 15, 2022, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $105 to $112.
Globe Life Inc experienced fluctuations in its stock price throughout the past year between $38.95 and $132.00. Currently, Wall Street analysts expect the stock to reach $94 within the next 12 months. Globe Life Inc [NYSE: GL] shares were valued at $106.65 at the most recent close of the market. An investor can expect a potential drop of -11.86% based on the average GL price forecast.
Analyzing the GL fundamentals
Trailing Twelve Months sales for Globe Life Inc [NYSE:GL] were 5.66B which represents 8.58% growth. Gross Profit Margin for this corporation currently stands at 0.93% with Operating Profit Margin at 0.55%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.22 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.44.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 105.73 points at the first support level, and at 104.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 107.79, and for the 2nd resistance point, it is at 108.92.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Globe Life Inc [NYSE:GL] is 0.66. Considering the valuation of this stock, the price to sales ratio is 1.69, the price to book ratio is 1.84 and price to earnings (TTM) ratio is 9.64.
Transactions by insiders
Recent insider trading involved Thigpen Mary E, Director, that happened on Jul 26 ’24 when 3000.0 shares were purchased. EVP & Chief Investment Officer, Hensley Robert Edward completed a deal on May 28 ’24 to buy 2500.0 shares. Meanwhile, Co-Chairman & CEO Darden James Matthew bought 1000.0 shares on May 21 ’24.
