In yesterday’s Wall Street session, Globe Life Inc (NYSE:GL) shares traded at $118.30, up 0.90% from the previous session.
GL stock price is now 7.94% away from the 50-day moving average and 22.67% away from the 200-day moving average. The market capitalization of the company currently stands at $9.93B.
With the price target enhanced from $132 to $143, Evercore ISI Upgraded its rating from In-line to Outperform for Globe Life Inc (NYSE: GL). On October 09, 2024, TD Cowen recently initiated its ‘Buy’ rating on the stock quoting a target price of $150, while ‘Keefe Bruyette’ rates the stock as ‘Outperform’
In other news, SVOBODA FRANK M, Co-Chairman & CEO sold 13,448 shares of the company’s stock on Jan 06 ’25. The stock was sold for $1,513,686 at an average price of $112.56. Upon completion of the transaction, the Co-Chairman & CEO now directly owns 18,948 shares in the company, valued at $2.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, SVP & Chief Accounting Officer HENRIE MICHAEL SHANE sold 1,500 shares of the business’s stock. A total of $168,487 was realized by selling the stock at an average price of $112.32. This leaves the insider owning 1,820 shares of the company worth $0.22 million. A total of 0.68% of the company’s stock is owned by insiders.
During the past 12 months, Globe Life Inc has had a low of $38.95 and a high of $132.00. According to the stock market information, the enterprise value for the company is $12828744704, which is based on a 10.01 price-to-earnings ratio, a 1.67 price-to-earnings-growth ratio, and a beta of 0.80. The fifty day moving average price for GL is $109.596 and a two-hundred day moving average price translates $96.43555 for the stock.
The latest earnings results from Globe Life Inc (NYSE: GL) was released for 2024-09-30. The net profit margin was 19.04% and return on equity was 23.55% for GL.
