Globe Life Stock Today
| GL Stock | USD 63.23 3.26 5.44% |
Performance0 of 100
| Odds Of DistressLess than 9
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Globe Life is selling for 63.23 as of the 18th of April 2024. This is a 5.44 percent up since the beginning of the trading day. The stock's lowest day price was 60.16. Globe Life has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Globe Life are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Insurance | IPO Date 30th of December 1987 | Category Financial Services | Classification Financials |
Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. Globe Life Inc. was incorporated in 1979 and is headquartered in McKinney, Texas. The company has 94.04 M outstanding shares of which 2.75 M shares are currently sold short in the market by investors with about 2.84 days to cover all shorted shares. More on Globe Life
Moving together with Globe Stock
| 0.85 | MET-PE | MetLife Preferred Stock | PairCorr |
| 0.75 | MET-PF | MetLife Preferred Stock | PairCorr |
Moving against Globe Stock
| 0.46 | JXN | Jackson Financial Financial Report 14th of May 2024 | PairCorr |
Globe Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Globe Life's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Globe Life or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Globe Life's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Globe Life's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO | Bill Leavell | ||||
| Thematic Ideas | (View all Themes) | ||||
| Old Name | Group Lease Public Company Limited | ||||
| Business Concentration | Life & Health Insurance, Insurance - Life, Financial Services, NYSE Composite, Warren Buffett Holdings, Insurance, Financials, Insurance, Insurance—Life, Financial Services (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Globe Life report their recommendations after researching Globe Life's financial statements, talking to executives and customers, or listening in on Globe Life's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Globe Life. The Globe consensus assessment is calculated by taking the average forecast from all of the analysts covering Globe Life. | |||||
Globe Life's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Globe Life's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Globe Life's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Globe Life's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Globe Life's financial leverage. It provides some insight into what part of Globe Life's total assets is financed by creditors.
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Globe Life (GL) is traded on New York Stock Exchange in USA. It is located in 3700 South Stonebridge Drive, McKinney, TX, United States, 75070-8080 and employs 3,636 people. Globe Life is listed under Life & Health Insurance category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a market capitalization of 5.64 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Globe Life's market, we take the total number of its shares issued and multiply it by Globe Life's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Globe Life is active under Insurance sector as part of Financials industry. The entity has 94.04 M outstanding shares of which 2.75 M shares are currently sold short in the market by investors with about 2.84 days to cover all shorted shares.
Globe Life reports about 171.36 M in cash with 1.48 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.76.
Check Globe Life Probability Of Bankruptcy
Ownership AllocationGlobe Life secures a total of 94.04 Million outstanding shares. The majority of Globe Life outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Globe Life to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Globe Life. Please pay attention to any change in the institutional holdings of Globe Life as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Globe Ownership Details
Globe Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Globe Life jumping above the current price in 90 days from now is close to 99%. The Globe Life probability density function shows the probability of Globe Life stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon Globe Life has a beta of -0.3428. This usually indicates as returns on the benchmark increase, returns on holding Globe Life are expected to decrease at a much lower rate. During a bear market, however, Globe Life is likely to outperform the market. Additionally, globe Life has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Globe Life to move above the current price in 90 days from now is close to 99 (This Globe Life probability density function shows the probability of Globe Stock to fall within a particular range of prices over 90 days) .
Globe Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Globe Life that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Globe Life's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Globe Life's value.| Instituion | Recorded On | Shares | |
| Apg All Pensions Group | 2023-12-31 | 1.3 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 1.2 M | |
| Regions Financial Corp | 2023-12-31 | 1.2 M | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.2 M | |
| Norges Bank | 2023-12-31 | 1 M | |
| Northern Trust Corp | 2023-12-31 | 969.4 K | |
| Nuveen Asset Management, Llc | 2023-12-31 | 917.6 K | |
| Legal & General Group Plc | 2023-12-31 | 772.4 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 761.7 K | |
| Vanguard Group Inc | 2023-12-31 | 10.8 M | |
| Blackrock Inc | 2023-12-31 | 6.7 M |
Globe Life Historical Income Statement
Globe Life Income Statement is one of the three primary financial statements used for reporting Globe's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Globe Life revenue and expense. Globe Life Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Globe Life's Operating Income is quite stable compared to the past year. Total Operating Expenses is expected to rise to about 742.5 M this year, although the value of Total Revenue will most likely fall to about 3.3 B. View More FundamentalsGlobe Stock Against Markets
Picking the right benchmark for Globe Life stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Globe Life stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Globe Life is critical whether you are bullish or bearish towards Globe Life at a given time. Please also check how Globe Life's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Globe Life without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Globe Life Corporate Management
Elected by the shareholders, the Globe Life's board of directors comprises two types of representatives: Globe Life inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Globe. The board's role is to monitor Globe Life's management team and ensure that shareholders' interests are well served. Globe Life's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Globe Life's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Shane Henrie | Corporate Officer | Profile | |
| Pamela Ramirez | Corporate Senior Vice President - Enterprise Transformation | Profile | |
| James Brannen | Independent Director | Profile | |
| Mary Thigpen | Independent Director | Profile |
How to buy Globe Stock?
Before investing in Globe Life, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Globe Life. To buy Globe Life stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Globe Life. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Globe Life stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Globe Life stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Globe Life stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Globe Life, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Globe Stock please use our How to Invest in Globe Life guide.
Already Invested in Globe Life?
The danger of trading Globe Life is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Globe Life is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Globe Life. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Globe Life is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Globe Life is a strong investment it is important to analyze Globe Life's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Globe Life's future performance. For an informed investment choice regarding Globe Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe Life. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Globe Stock analysis
When running Globe Life's price analysis, check to measure Globe Life's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Globe Life is operating at the current time. Most of Globe Life's value examination focuses on studying past and present price action to predict the probability of Globe Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Life's price. Additionally, you may evaluate how the addition of Globe Life to your portfolios can decrease your overall portfolio volatility.
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Is Globe Life's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Globe Life. If investors know Globe will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Globe Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.168 | Dividend Share 0.9 | Earnings Share 10.07 | Revenue Per Share 57.283 | Quarterly Revenue Growth 0.06 |
The market value of Globe Life is measured differently than its book value, which is the value of Globe that is recorded on the company's balance sheet. Investors also form their own opinion of Globe Life's value that differs from its market value or its book value, called intrinsic value, which is Globe Life's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Globe Life's market value can be influenced by many factors that don't directly affect Globe Life's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Globe Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globe Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globe Life's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.