At the time of writing, Globe Life Inc [GL] stock is trading at $110.80, up 1.86%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GL shares have gain 6.37% over the last week, with a monthly amount glided 4.33%, 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 October 09, 2024, when TD Cowen initiated its Buy rating and assigned the stock a price target of $150. Previously, Keefe Bruyette upgraded its rating to Outperform on April 24, 2024, and dropped its price target to $110. On October 31, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $137 on the stock. Morgan Stanley upgraded its rating to a Equal-Weight but stick to its price target of $131 on August 18, 2023. Wells Fargo initiated its recommendation with a Equal Weight and recommended $120 as its price target on April 25, 2023. Evercore ISI downgraded its rating to In-line for this stock on October 28, 2022, and downed its price target to $114. In a note dated September 22, 2022, Raymond James initiated an Strong Buy rating and provided a target price of $138 on this stock.
For the past year, the stock price of Globe Life Inc fluctuated between $38.95 and $132.00. Currently, Wall Street analysts expect the stock to reach $108.25 within the next 12 months. Globe Life Inc [NYSE: GL] shares were valued at $110.80 at the most recent close of the market. An investor can expect a potential drop of -2.3% based on the average GL price forecast.
Analyzing the GL fundamentals
According to Globe Life Inc [NYSE:GL], the company’s sales were 5.66B for trailing twelve months, which represents an 8.58% jump. 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 109.48 points at the first support level, and at 108.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.86, and for the 2nd resistance point, it is at 112.91.
Ratios To Look Out For
It is important to note that Globe Life Inc [NYSE:GL] has a current ratio of 0.66. Considering the valuation of this stock, the price to sales ratio is 1.76, the price to book ratio is 1.91 and price to earnings (TTM) ratio is 10.02.
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.
