Globe LifeGL
Market Cap: $9.21B
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 Q2 SEC filings by fund managers ($100M+ AUM)
18% more call options, than puts
Call options by funds: $128M | Put options by funds: $108M
4.33% less ownership
Funds ownership: 84.45% [Q1] → 80.12% (-4.33%) [Q2]
16% less funds holding
Funds holding: 589 [Q1] → 492 (-97) [Q2]
21% less repeat investments, than reductions
Existing positions increased: 155 | Existing positions reduced: 197
34% less capital invested
Capital invested by funds: $9.18B [Q1] → $6.08B (-$3.1B) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 2 (-2) [Q2]
57% less first-time investments, than exits
New positions opened: 72 | Existing positions closed: 169
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Morgan Stanley Nigel Dally 75% 1-year accuracy 12 / 16 met price target | 19%downside $83 | Equal-Weight Maintained | 19 Aug 2024 |
Keefe, Bruyette & Woods Ryan Krueger 100% 1-year accuracy 13 / 13 met price target | 15%upside $118 | Outperform Reiterated | 31 Jul 2024 |
Piper Sandler John Barnidge 77% 1-year accuracy 17 / 22 met price target | 3%upside $106 | Overweight Maintained | 26 Jul 2024 |
Truist Securities Mark Hughes 85% 1-year accuracy 53 / 62 met price target | 12%downside $90 | Hold Maintained | 26 Jul 2024 |
Wells Fargo Elyse Greenspan 75% 1-year accuracy 52 / 69 met price target | 5%upside $108 | Overweight Maintained | 26 Jul 2024 |
Financial journalist opinion
Based on 7 articles about GL published over the past 30 days