While Globe Life Inc has underperformed by -2.18%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GL fell by -26.99%, with highs and lows ranging from $132.00 to $38.95, whereas the simple moving average fell by -31.57% in the last 200 days.
On April 24, 2024, Keefe Bruyette Upgraded Globe Life Inc (NYSE: GL) to Outperform. A report published by Wells Fargo on October 31, 2023, Upgraded its rating to ‘Overweight’ for GL. Morgan Stanley also Upgraded GL shares as ‘Equal-Weight’, setting a target price of $131 on the company’s shares in a report dated August 18, 2023. Wells Fargo Initiated an Equal Weight rating on April 25, 2023, and assigned a price target of $120. Evercore ISI October 28, 2022d its ‘Outperform’ rating to ‘In-line’ for GL, as published in its report on October 28, 2022. Raymond James’s report from September 22, 2022 suggests a price prediction of $138 for GL shares, giving the stock a ‘Strong Buy’ rating. Evercore ISI also rated the stock as ‘Outperform’.
Analysis of Globe Life Inc (GL)
A return on investment can be expected regardless of GL’s performance over the next quarter with the dividend set at $0.92 per share. Further, the quarter-over-quarter increase in sales is 7.18%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Globe Life Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 20.69% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and GL is recording an average volume of 2.83M. On a monthly basis, the volatility of the stock is set at 13.91%, whereas on a weekly basis, it is put at 5.89%, with a gain of 2.38% over the past seven days. Furthermore, long-term investors anticipate a median target price of $106.70, showing growth from the present price of $77.55, which can serve as yet another indication of whether GL is worth investing in or should be passed over.
How Do You Analyze Globe Life Inc Shares?
A leading company in the Insurance – Life sector, Globe Life Inc (GL) is based in the USA. When comparing Globe Life Inc shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 7.41, there is a growth in quarterly earnings of 16.91%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.29%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 84.34% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GL shares are owned by institutional investors to the tune of 84.34% at present.
