A History of Outperforming Analyst Forecasts and Beating the Odds: Globe Life Inc (GL)

With 1.2 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.4 million shares. During the session, the Insurance – Life company that operates in wider Financial sector, reached to the highest price of $82.0 whereas the lowest price it dropped to was $80.27. The 52-week range on GL shows that it touched its highest point at $132.00 and its lowest point at $38.95 during that stretch. It currently has a 1-year price target of $104.20. With its current market cap of 7.53 billion, GL has annualized dividend of $0.91 while the current yield stands at 1.12%. Beta for the stock currently stands at 0.81.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GL was down-trending over the past week, with a drop of -1.04%, but this was down by -6.05% over a month. Three-month performance dropped to -34.12% while six-month performance fell -33.24%. The stock lost -24.14% in the past year, while it has lost -32.94% so far this year. A look at the trailing 12-month EPS for GL yields 10.47 with Next year EPS estimates of 12.91. For the next quarter, that number is 2.90. This implies an EPS growth rate of 10.20% for this year and 9.97% for next year. EPS is expected to grow by 14.89% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.60%.

Float and Shares Shorts:

At present, 93.79 million GL shares are outstanding with a float of 90.17 million shares on hand for trading. On 2024-05-15, short shares totaled 4.1 million, which was 444.99997 higher than short shares on 1713139200. In addition to Mr. Frank Martin Svoboda as the firm’s Co-Chairman & Co-CEO, Mr. James Matthew Darden serves as its Co-Chairman & Co-CEO.

Institutional Ownership:

Through their ownership of 0.87785006 of GL’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.