Globe Life (NYSE: GL) has recently received a number of price target changes and ratings updates:

  • 9/3/2019 – Globe Life was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $99.00 price target on the stock. According to Zacks, “Globe Life Inc. is a financial services holding company. It operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. Globe Life Inc., formerly known as Torchmark Corporation, is based in McKinney, Texas. “
  • 8/30/2019 – Globe Life was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Globe Life Inc. is a financial services holding company. It operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. Globe Life Inc., formerly known as Torchmark Corporation, is based in McKinney, Texas. “
  • 8/28/2019 – Globe Life was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $98.00 price target on the stock. According to Zacks, “Globe Life Inc. is a financial services holding company. It operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. Globe Life Inc., formerly known as Torchmark Corporation, is based in McKinney, Texas. “
  • 8/22/2019 – Globe Life was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $98.00 price target on the stock. According to Zacks, “Globe Life Inc. is a financial services holding company. It operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. Globe Life Inc., formerly known as Torchmark Corporation, is based in McKinney, Texas. “
  • 8/21/2019 – Globe Life was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Globe Life Inc. is a financial services holding company. It operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. Globe Life Inc., formerly known as Torchmark Corporation, is based in McKinney, Texas. “

NYSE GL traded up $0.54 on Wednesday, reaching $94.81. The stock had a trading volume of 26,254 shares, compared to its average volume of 394,253. The firm has a market cap of $10.16 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.82 and a beta of 0.95. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.20. Globe Life Inc. has a 12-month low of $69.68 and a 12-month high of $94.41.

Globe Life (NYSE:GL) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.02. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. Globe Life had a net margin of 16.26% and a return on equity of 12.34%. Analysts anticipate that Globe Life Inc. will post 6.73 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 4th will be issued a dividend of $0.172 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $0.69 annualized dividend and a yield of 0.73%. Globe Life’s dividend payout ratio (DPR) is 11.26%.

In other Globe Life news, CEO Larry M. Hutchison sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $92.45, for a total transaction of $2,311,250.00. Following the completion of the transaction, the chief executive officer now owns 610,510 shares in the company, valued at approximately $56,441,649.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles E. Adair sold 3,670 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $91.65, for a total transaction of $336,355.50. Following the completion of the sale, the director now directly owns 7,699 shares in the company, valued at $705,613.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,820 shares of company stock worth $9,241,936. 3.64% of the stock is owned by company insiders.

Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.

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