Globe Life Inc (NYSE: GL) has experienced a rise in its stock price by 0.90 compared to its previous closing price of 117.24. However, the company has seen a gain of 5.23% in its stock price over the last five trading days. prnewswire.com reported 2025-01-16 that MCKINNEY, Texas, Jan. 16, 2025 /PRNewswire/ — Globe Life Inc. (NYSE: GL) will announce its Fourth Quarter 2024 financial results after the market closes on Wednesday, February 5, 2025. At that time, a copy of the Company’s Fourth Quarter 2024 earnings press release and any other financial and statistical information about the quarter will be available on the Company’s website, https://investors.globelifeinsurance.com/, under Financial Reports and Other Financial Information.
Is It Worth Investing in Globe Life Inc (NYSE: GL) Right Now?
Globe Life Inc (NYSE: GL) has a higher price-to-earnings ratio of 10.01x compared to its average ratio, The 36-month beta value for GL is at 0.80. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for GL is 83.37M, and currently, shorts hold a 2.05% of that float. The average trading volume for GL on January 20, 2025 was 683.57K shares.
GL’s Market Performance
GL stock saw an increase of 5.23% in the past week, with a monthly gain of 10.79% and a quarterly increase of 6.70%. The volatility ratio for the week is 1.76%, and the volatility levels for the last 30 days are 2.20% for Globe Life Inc (GL).. The simple moving average for the past 20 days is 5.93% for GL’s stock, with a 22.67% simple moving average for the past 200 days.
Analysts’ Opinion of GL
Many brokerage firms have already submitted their reports for GL stocks, with Evercore ISI repeating the rating for GL by listing it as a “Outperform.” The predicted price for GL in the upcoming period, according to Evercore ISI is $143 based on the research report published on January 08, 2025 of the current year 2025.
TD Cowen, on the other hand, stated in their research note that they expect to see GL reach a price target of $150. The rating they have provided for GL stocks is “Buy” according to the report published on October 09th, 2024.
Keefe Bruyette gave a rating of “Outperform” to GL, setting the target price at $110 in the report published on April 24th of the previous year.
GL Trading at 7.94% 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 -10.38% of loss for the given period.
Volatility was left at 2.20%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares surge +11.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.31% upper at present.
During the last 5 trading sessions, GL rose by +5.23%, which changed the moving average for the period of 200-days by +5.97% in comparison to the 20-day moving average, which settled at $111.67. In addition, Globe Life Inc saw 6.08% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GL starting from SVOBODA FRANK M, who sale 13,448 shares at the price of $112.56 back on Jan 06 ’25. After this action, SVOBODA FRANK M now owns 18,948 shares of Globe Life Inc, valued at $1,513,686 using the latest closing price.
HENRIE MICHAEL SHANE, the SVP & Chief Accounting Officer of Globe Life Inc, sale 1,500 shares at $112.32 during a trade that took place back on Jan 06 ’25, which means that HENRIE MICHAEL SHANE is holding 1,820 shares at $168,487 based on the most recent closing price.
Stock Fundamentals for GL
Current profitability levels for the company are sitting at:
- 0.56 for the present operating margin
- 0.93 for the gross margin
The net margin for Globe Life Inc stands at 0.19. The total capital return value is set at 0.11. Equity return is now at value 23.55, with 3.91 for asset returns.
Based on Globe Life Inc (GL), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.53. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 27.48.
When we switch over and look at the enterprise to sales, we see a ratio of 2.19. The receivables turnover for the company is 8.79for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
In conclusion, Globe Life Inc (GL) has had a better 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.
