Globe Life (NYSE:GL) Issues FY 2025 Earnings Guidance

Globe Life (NYSE:GL) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 13.450-14.050 for the period, compared to the consensus earnings per share estimate of 13.580. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GL shares. Truist Financial boosted their price objective on shares of Globe Life from $90.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. TD Cowen initiated coverage on Globe Life in a research note on Wednesday, October 9th. They issued a “buy” rating and a $150.00 price target for the company. Jefferies Financial Group raised their price objective on Globe Life from $107.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Raymond James upped their target price on Globe Life from $160.00 to $188.00 and gave the company a “strong-buy” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets began coverage on shares of Globe Life in a report on Thursday, January 23rd. They set a “market perform” rating and a $114.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $132.18.

Globe Life Stock Up 0.4 %

Globe Life stock traded up $0.52 during mid-day trading on Wednesday, reaching $122.93. The stock had a trading volume of 587,098 shares, compared to its average volume of 551,996. The firm has a market capitalization of $10.32 billion, a PE ratio of 10.40 and a beta of 0.81. Globe Life has a fifty-two week low of $38.95 and a fifty-two week high of $132.00. The stock’s 50-day simple moving average is $112.56 and its 200-day simple moving average is $106.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.05 and a current ratio of 0.05.

Globe Life (NYSE:GL) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.02. Globe Life had a net margin of 19.04% and a return on equity of 22.91%. On average, sell-side analysts forecast that Globe Life will post 12.32 EPS for the current fiscal year.

Globe Life Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $0.96 dividend on an annualized basis and a yield of 0.78%. Globe Life’s dividend payout ratio (DPR) is currently 8.12%.

Insider Transactions at Globe Life

In other Globe Life news, CEO Frank M. Svoboda sold 14,340 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $108.80, for a total transaction of $1,560,192.00. Following the completion of the transaction, the chief executive officer now directly owns 16,396 shares of the company’s stock, valued at approximately $1,783,884.80. This represents a 46.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Blinn sold 3,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.23, for a total value of $339,690.00. Following the completion of the sale, the director now owns 5,122 shares in the company, valued at approximately $579,964.06. The trade was a 36.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,788 shares of company stock valued at $4,429,779 over the last ninety days. 1.51% of the stock is currently owned by insiders.

Globe Life Company Profile

Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates in four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.