A new trading day began on Friday, with Globe Life Inc (NYSE: GL) stock price up 1.49% from the previous day of trading, before settling in for the closing price of $102.28. GL’s price has ranged from $38.95 to $132.00 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 4.84% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 12.15%. With a float of $87.74 million, this company’s outstanding shares have now reached $93.79 million.
In an organization with 3636 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 93.46%, operating margin of 55.3%, and the pretax margin is 22.86%.
Globe Life Inc (GL) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Insurance – Life Industry. The insider ownership of Globe Life Inc is 2.31%, while institutional ownership is 84.89%. The most recent insider transaction that took place on Jul 26 ’24, was worth 270,600. In this transaction Director of this company bought 3,000 shares at a rate of $90.20, taking the stock ownership to the 15,605 shares. Before that another transaction happened on May 28 ’24, when Company’s EVP & Chief Investment Officer bought 2,500 for $82.17, making the entire transaction worth $205,421. This insider now owns 7,290 shares in total.
Globe Life Inc (GL) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 12.15% 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
Here are Globe Life Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.65. Likewise, its price to free cash flow for the trailing twelve months is 6.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.06, a number that is poised to hit 3.05 in the next quarter and is forecasted to reach 13.24 in one year’s time.
Technical Analysis of Globe Life Inc (GL)
Let’s dig in a bit further. During the last 5-days, its volume was 0.83 million. That was inferior than the volume of 1.74 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 42.39%. Additionally, its Average True Range was 2.25.
During the past 100 days, Globe Life Inc’s (GL) raw stochastic average was set at 91.83%, which indicates a significant increase from 58.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.40% in the past 14 days, which was lower than the 37.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $94.24, while its 200-day Moving Average is $102.30. However, in the short run, Globe Life Inc’s stock first resistance to watch stands at $104.29. Second resistance stands at $104.77. The third major resistance level sits at $105.72. If the price goes on to break the first support level at $102.86, it is likely to go to the next support level at $101.91. The third support level lies at $101.43 if the price breaches the second support level.
Globe Life Inc (NYSE: GL) Key Stats
With a market capitalization of 9.32 billion, the company has a total of 90,042K Shares Outstanding. Currently, annual sales are 5,448 M while annual income is 970,760 K. The company’s previous quarter sales were 1,440 M while its latest quarter income was 258,360 K.
