Is Globe Life Inc (NYSE: GL) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that GLOBE LIFE INC. REPORTS FOURTH QUARTER 2023 RESULTS.

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Stocks Info

Globe Life Inc is listed on the NYSE in the Financial sector while operating in the Insurance – Life industry. At the end of the last regular session, the stock closed at $122.47 and fluctuated between $122.68 as its day high and $121.56 as its day low. The current market capitalization of Globe Life Inc is $11.53B. A total of 0.67 million shares were traded on the day, compared to an average of 531.77K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, GL has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 16,300 and the disposition of 16,725 shares. Over the last 12 months, there were 49 BUYs and 37 SELLs from insiders. Insiders purchased 339,407 shares during that period but sold 276,265.

In the most recent transaction, Haworth Jennifer Allison sold 2,524 shares of GL for 121.37 per share on Dec 29. After the transaction, the EVP & Chief Marketing Officer now owns 8,606 company shares. In a previous transaction on Dec 12, BUCHAN JANE sold 1,000 shares at 124.50 per share. GL shares that Director owns now total 80,285.

Among the insiders who sold shares, Skarjune Dolores L disposed of 20,479 shares on Dec 11 at a per-share price of $123.28. This resulted in the EVP and Chief Admin. Officer holding 4,956 shares of GL after the transaction. In another insider transaction, Zorn Rebecca E sold 13,990 shares at $122.08 per share on Nov 30. Company shares held by the EVP & Chief Talent Officer now total 8,452.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Globe Life Inc pays an annual dividend of $0.94, resulting in a dividend yield of 0.77%, and it has a price to earnings (P/E) ratio of 13.10. GL’s most recent ex-dividend date was 1/4/2024 when it declared a $0.2250 quarterly dividend that was paid in cash on 2/1/2024. Previously, the company paid the dividend on 11/1/2023 with an ex-dividend date of 10/5/2023. The GL stock dividend was $0.2250 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for GL in the last 3 months, the mean price target is $135.56 with high estimates of $160.00 and low estimates of $115.00. In terms of 52-week highs and lows, GL has a high of $125.18 and a low of $102.23.

As of this writing, GL has an earnings estimate of $2.73 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $2.75 per share and a lower estimate of $2.7. The company reported an EPS of $2.61 in the last quarter, which was 1.60% higher than expectations of $2.57.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. GL’s latest balance sheet shows that the firm has $21.47B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $49.04, while its Total Shareholder’s Equity was $8.64B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GL is Buy with a score of 3.89.

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