Globe Life Inc (GL) saw an uptrend of 1.30% in the recent trading with $119.13 being its most recent. The current price level -10.94% lower than the highest price of $133.76 marked by the stock while trading over the past 52-weeks, whereas it is 45.92% higher than the lowest price of $81.64 the company dropped to over past 52-weeks. The latest news story on GL appeared in (Zacks) under the title “GL Stock Trading at a Discount to Industry at 8.22X: Time to Hold?” on Today.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 8 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.67 for the stock.
Globe Life Inc Earnings – What Happened With GL
Coming around sales and income figures on GL Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Globe Life Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 82.92 million. GL does have institutional investors; and they hold 84.41% of the stock.
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Globe Life Inc (NYSE:GL) with an ownership of 11.38 million shares of the company or 12.1269 of the stake worth $936.59 million. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 6.5007 of the outstanding shares. Its stake is worth $502.06 million for having 6.1 million shares in hand.
WELLINGTON MANAGEMENT GROUP LLP also came holding a key position in the company during the recent quarter and it now holds 6.3341 of the outstanding shares. With this there are now 851.0 institutions which have possession in GL’s shares.
Key Metrics forGL
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Globe Life Inc has a debt to equity ratio of 0.52.
Technical Analysis of Globe Life Inc (NYSE:GL) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Globe Life Inc (GL), we notice that the stock’s 20-day average volume is at 618,385 shares. And to end with, GL’s 100-day average volume are 661,818 shares.
