In a report released yesterday, Ryan Krueger from KBW assigned a Buy rating to Globe Life (GL – Research Report), with a price target of $110.00. The company’s shares closed yesterday at $78.09.
According to TipRanks, Krueger is a 5-star analyst with an average return of 12.8% and a 70.23% success rate. Krueger covers the Financial sector, focusing on stocks such as Globe Life, CNO Financial, and Metlife.
In addition to KBW, Globe Life also received a Buy from Piper Sandler’s John Barnidge in a report issued on April 24. However, on the same day, Morgan Stanley maintained a Hold rating on Globe Life (NYSE: GL).
Based on Globe Life’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.42 billion and a net profit of $274.8 million. In comparison, last year the company earned a revenue of $1.34 billion and had a net profit of $242.34 million
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Globe Life (GL) Company Description:
Globe Life, Inc. is a holding company, which engages in the provision of individual life and supplemental health insurance products and services. It operates through the following segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. The Life Insurance segment includes traditional and interest-sensitive whole life insurance as well as term life insurances. The Supplement Health Insurance segment provides generally guaranteed-renewable and include medicare supplement, critical illness, accident, and limited-benefit supplemental hospital, and surgical coverage. The Annuities segment refers to fixed-benefit contracts. The Investments segment covers the investment portfolio. The company was founded on November 19, 1979 and is headquartered in McKinney, TX.
Read More on GL:
- Global Life rises as analysts issue bullish takes after earnings
- Early notable gainers among liquid option names on April 24th
- Globe Life price target lowered to $80 from $125 at Truist
- Tesla, Airbnb upgraded: Wall Street’s top analyst calls
- Globe Life shares pricing in ‘relatively onerous outcome,’ says JPMorgan
