Value Investing Philosophy And Globe Life Inc (NYSE: GL)?

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that GLOBE LIFE INC. REPORTS FOURTH QUARTER 2023 RESULTS.

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Stocks Info

GL belongs to the Financial sector of the NYSE while operating in the Insurance – Life industry. The current market capitalization of Globe Life Inc is $11.85B. A total of 0.62 million shares were traded on the day, compared to an average of 1.13 shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. 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 48 BUYs and 36 SELLs from insiders. Insiders purchased 334,407 shares during that period but sold 271,265.

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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Globe Life Inc pays an annual dividend of $0.95 (0.75%), resulting in a dividend yield of 0.90 (0.71%), and it has a price to earnings (P/E) ratio of 12.49. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for GL in the last 3 months, the mean price target is $138.11 with high estimates of $160.00 and low estimates of $125.00. 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 $2.78 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $2.81 per share and a lower estimate of $2.76. The company reported an EPS of $2.71 in the last quarter, which was 2.30% higher than expectations of $2.65.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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