Keefe Bruyette has recently raised Globe Life Inc (GL) stock to Outperform rating, as announced on April 24, 2024, according to Finviz. Earlier, on October 31, 2023, Wells Fargo had raised the stock from a Equal Weight to Overweight, setting a price target of $137. for GL stock. Morgan Stanley also raised their rating with a price target of $131. Additionally, Wells Fargo initiated Equal Weight rating on April 25, 2023, with a target price of $120. Evercore ISI analysts, in their report published on October 28, 2022, also reduced their rating and set a price target of $115 for Globe Life Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Sponsored
Globe Life Inc (GL) Stock Trading Recap
On Friday, Globe Life Inc (GL) stock saw a decline, ending the day at $102.54 which represents a decrease of $-2.04 or -1.95% from the prior close of $104.58. The stock opened at $104.52 and touched a low of $102.04 during the day, reaching a high of $105.27. The volume of shares traded was 1.14 million exceeding the average volume of 1.03 million.
GL Stock Performance and Moving Averages
In recent trading, Globe Life Inc (GL) stock price has shown some volatility, fluctuating -2.55% over the last five trades and 15.46% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -19.38%, and it has gained 26.22% in the previous three months. Currently, GL is trading at 3.54%, 11.64%, and -0.27% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, GL, a Financial sector stock, is trading -22.32% below its 52-week high but remains 163.26% above its 52-week low. The Average True Range (ATR) (14 days) of 2.27 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Globe Life Inc’s Profitability and Valuation Ratios
Globe Life Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 25.36% and a profit margin of 18.47%, with a gross margin of -19.38%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Globe Life Inc’s market capitalization stands at $9.21 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 9.27, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 7.75. Additionally, the Price-to-Sales Ratio is 1.63, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.77, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 2.32% of Globe Life Inc (GL)’s shares, while financial institutions hold 84.81%.
Notable insider trades include Zorn Rebecca E, EVP & Chief Talent Officer at Globe Life Inc (GL), who sold 2320 shares on Apr 25 ’24, at $77.3 each, totaling $0.18 million. On Dec 29 ’23, Haworth Jennifer Allison, EVP & Chief Marketing Officer, sold 2524 shares for $121.37 each, amounting to $0.31 million. Additionally, on Dec 12 ’23, BUCHAN JANE sold 1000 shares at $124.5 each, generating $0.12 million.
