Globe Life Inc (NYSE: GL) has a higher price-to-earnings ratio of 9.70x compared to its average ratio, The 36-month beta value for GL is at 0.81. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for GL is 87.74M, and currently, shorts hold a 2.37% of that float. The average trading volume for GL on September 20, 2024 was 958.27K shares.
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GL) stock’s latest price update
The stock of Globe Life Inc (NYSE: GL) has increased by 0.56 when compared to last closing price of 106.65. Despite this, the company has experienced a 4.86% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-12 that Globe Life rides on premium growth, higher invested assets and a strong liquidity position. Escalating expenses and high leverage are major concerns.
GL’s Market Performance
Globe Life Inc (GL) has seen a 4.86% rise in stock performance for the week, with a 10.26% gain in the past month and a 29.89% surge in the past quarter. The volatility ratio for the week is 1.90%, and the volatility levels for the past 30 days are at 2.08% for GL. The simple moving average for the last 20 days is 3.87% for GL stock, with a simple moving average of 5.07% for the last 200 days.
Analysts’ Opinion of GL
Many brokerage firms have already submitted their reports for GL stocks, with Keefe Bruyette repeating the rating for GL by listing it as a “Outperform.” The predicted price for GL in the upcoming period, according to Keefe Bruyette is $110 based on the research report published on April 24, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see GL reach a price target of $137, previously predicting the price at $122. The rating they have provided for GL stocks is “Overweight” according to the report published on October 31st, 2023.
Morgan Stanley gave a rating of “Equal-Weight” to GL, setting the target price at $131 in the report published on August 18th of the previous year.
GL Trading at 12.03% from the 50-Day Moving Average
After a stumble in the market that brought GL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.75% of loss for the given period.
Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares surge +9.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.01% upper at present.
During the last 5 trading sessions, GL rose by +4.86%, which changed the moving average for the period of 200-days by -13.05% in comparison to the 20-day moving average, which settled at $103.74. In addition, Globe Life Inc saw -11.89% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GL starting from Thigpen Mary E, who purchase 3,000 shares at the price of $90.20 back on Jul 26 ’24. After this action, Thigpen Mary E now owns 15,605 shares of Globe Life Inc, valued at $270,600 using the latest closing price.
Hensley Robert Edward, the EVP & Chief Investment Officer of Globe Life Inc, purchase 2,500 shares at $82.17 during a trade that took place back on May 28 ’24, which means that Hensley Robert Edward is holding 7,290 shares at $205,421 based on the most recent closing price.
Stock Fundamentals for GL
Current profitability levels for the company are sitting at:
- 0.55 for the present operating margin
- 0.93 for the gross margin
The net margin for Globe Life Inc stands at 0.18. The total capital return value is set at 0.12. Equity return is now at value 22.69, with 3.80 for asset returns.
Based on Globe Life Inc (GL), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is 28.01.
Currently, EBITDA for the company is -103.22 million with net debt to EBITDA at 9.46. When we switch over and look at the enterprise to sales, we see a ratio of 2.09. The receivables turnover for the company is 8.73for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.66.
Conclusion
In conclusion, Globe Life Inc (GL) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
