Globe Life (GL)

• Market cap: $9.18B
• 1 day: 3.29%
• 5 days: 4.07%
• 1 month: 0.58%
• 3 months: 2.95%
• 6 months: 32.48%
• Year to date: -10.38%
• 1 year: -9.70%
• 5 years: 2.59%
• 10 years: 98.85%
• Sector: Financials
• Industry: Life Insurance

About: Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.

Employees: 3,636

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

150% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 5 (+3) [Q3]

24% more first-time investments, than exits

New positions opened: 78 | Existing positions closed: 63

14% more capital invested

Capital invested by funds: $6.22B [Q2] → $7.11B (+$891M) [Q3]

3% more funds holding

Funds holding: 500 [Q2] → 515 (+15) [Q3]

2% more repeat investments, than reductions

Existing positions increased: 179 | Existing positions reduced: 176

3% less call options, than puts

Call options by funds: $88.4M | Put options by funds: $91M

6.82% less ownership

Funds ownership: 82.0% [Q2] → 75.18% (-6.82%) [Q3]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $105 4% downside
• Avg. target: $131 20% upside
• High target: $188 72% upside

8 analyst ratings

• positive: 5 63%
• neutral: 3 38%
• negative: 0 0%

Jefferies Suneet Kamath 50% 1-year accuracy 10 / 20 met price target	4% upside $114	Hold Maintained	10 Dec 2024
Keefe, Bruyette & Woods Ryan Krueger 80% 1-year accuracy 12 / 15 met price target	14% upside $125	Outperform Maintained	29 Oct 2024
Piper Sandler John Barnidge 68% 1-year accuracy 28 / 41 met price target	19% upside $130	Overweight Maintained	25 Oct 2024
Truist Securities Mark Hughes 70% 1-year accuracy 45 / 64 met price target	4% downside $105	Hold Maintained	25 Oct 2024
Morgan Stanley Nigel Dally 90% 1-year accuracy 9 / 10 met price target	10% upside $120	Equal-Weight Maintained	24 Oct 2024