On Monday, Globe Life Inc (NYSE: GL) opened lower -0.52% from the last session, before settling in for the closing price of $66.74. Price fluctuations for GL have ranged from $38.95 to $132.00 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 4.84%. Company’s average yearly earnings per share was noted 9.03% at the time writing. With a float of $91.89 million, this company’s outstanding shares have now reached $93.79 million.
Considering the fact that the conglomerate employs 3636 people, you should pay attention to its efficiency factor.
Globe Life Inc (GL) Insider Activity
A key investor’s attitude towards the stock of the Insurance – Life industry is another important factor to consider. The insider ownership of Globe Life Inc is 2.28%, while institutional ownership is 82.99%. The most recent insider transaction that took place on Dec 29 ’23, was worth 306,348. In this transaction EVP & Chief Marketing Officer of this company sold 2,524 shares at a rate of $121.37, taking the stock ownership to the 8,606 shares. Before that another transaction happened on Dec 12 ’23, when Company’s Director sold 1,000 for $124.50, making the entire transaction worth $124,500. This insider now owns 80,285 shares in total.
Globe Life Inc (GL) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 9.03% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.89% during the next five years compared to 10.60% growth over the previous five years of trading.
Globe Life Inc (NYSE: GL) Trading Performance Indicators
Check out the current performance indicators for Globe Life Inc (GL). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.15. Likewise, its price to free cash flow for the trailing twelve months is 4.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 10.08, a number that is poised to hit 2.88 in the next quarter and is forecasted to reach 12.60 in one year’s time.
Technical Analysis of Globe Life Inc (GL)
Compared to the last year’s volume of 1.9 million, its volume of 4.71 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 38.98%. Additionally, its Average True Range was 6.40.
During the past 100 days, Globe Life Inc’s (GL) raw stochastic average was set at 29.49%, which indicates a significant decrease from 37.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 328.55% in the past 14 days, which was higher than the 125.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $110.79, while its 200-day Moving Average is $114.68. Nevertheless, the first resistance level for the watch stands at $68.79 in the near term. At $71.20, the stock is likely to face the second major resistance level. The third major resistance level sits at $72.44. If the price goes on to break the first support level at $65.15, it is likely to go to the next support level at $63.91. Should the price break the second support level, the third support level stands at $61.51.
Globe Life Inc (NYSE: GL) Key Stats
There are currently 94,037K shares outstanding in the company with a market cap of 6.24 billion. Presently, the company’s annual sales total 5,448 M according to its annual income of 970,760 K. Last quarter, the company’s sales amounted to 1,416 M and its income totaled 274,800 K.
