A new trading day began on Friday, with Globe Life Inc (NYSE: GL) stock price down -3.88% from the previous day of trading, before settling in for the closing price of $109.39. GL’s price has 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%. Meanwhile, its annual earnings per share averaged 14.62%. With a float of $89.25 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. In terms of profitability, gross margin is 95.04%, operating margin of 56.18%, and the pretax margin is 23.59%.
Globe Life Inc (GL) Insider Activity
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 0.64%, while institutional ownership is 84.20%. 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) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 2.8 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 14.62% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.00% 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 6.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.82, a number that is poised to hit 3.12 in the next quarter and is forecasted to reach 13.50 in one year’s time.
Technical Analysis of Globe Life Inc (GL)
Compared to the last year’s volume of 1.6 million, its volume of 0.82 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 29.51%. Additionally, its Average True Range was 2.85.
During the past 100 days, Globe Life Inc’s (GL) raw stochastic average was set at 71.16%, which indicates a significant increase from 11.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.52% in the past 14 days, which was higher than the 23.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $105.21, while its 200-day Moving Average is $100.08. Nevertheless, the first resistance level for the watch stands at $108.54 in the near term. At $111.94, the stock is likely to face the second major resistance level. The third major resistance level sits at $114.13. If the price goes on to break the first support level at $102.95, it is likely to go to the next support level at $100.76. Should the price break the second support level, the third support level stands at $97.36.
Globe Life Inc (NYSE: GL) Key Stats
With a market capitalization of 9.44 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 1,455 M while its latest quarter income was 302,990 K.
