Globe Life (NYSE:GL – Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 13.200-13.900 for the period, compared to the consensus EPS estimate of 13.250. The company issued revenue guidance of -. Globe Life also updated its FY 2024 guidance to 12.200-12.400 EPS.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on GL shares. TD Cowen began coverage on shares of Globe Life in a research note on Wednesday, October 9th. They set a “buy” rating and a $150.00 target price for the company. Wells Fargo & Company boosted their price objective on shares of Globe Life from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $118.00 target price (up from $110.00) on shares of Globe Life in a research report on Wednesday, July 31st. Truist Financial boosted their price target on Globe Life from $80.00 to $90.00 and gave the company a “hold” rating in a report on Friday, July 26th. Finally, Morgan Stanley raised their price objective on Globe Life from $66.00 to $83.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.40.
Read Our Latest Stock Analysis on Globe Life
Globe Life Stock Down 0.2 %
Globe Life (NYSE:GL – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.07. Globe Life had a return on equity of 21.93% and a net margin of 18.47%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the business posted $2.61 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that Globe Life will post 11.93 earnings per share for the current fiscal year.
Globe Life Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 4th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, October 4th. Globe Life’s payout ratio is 9.17%.
Insider Transactions at Globe Life
In other Globe Life news, Director Mary E. Thigpen acquired 3,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was purchased at an average price of $90.20 per share, for a total transaction of $270,600.00. Following the acquisition, the director now owns 15,605 shares in the company, valued at approximately $1,407,571. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.51% of the company’s stock.
About Globe Life
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.
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