Globe Life (GL)

• Market cap: $9.93B
• 1 day: 0.90%
• 5 days: 5.85%
• 1 month: 11.84%
• 3 months: 8.48%
• 6 months: 33.03%
• Year to date: 5.40%
• 1 year: -1.40%
• 5 years: 13.26%
• 10 years: 130.33%
• 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]

39% more first-time investments, than exits

New positions opened: 78 | Existing positions closed: 56

14% more capital invested

Capital invested by funds: $6.24B [Q2] → $7.14B (+$902M) [Q3]

3% more funds holding

Funds holding: 500 [Q2] → 516 (+16) [Q3]

2% more repeat investments, than reductions

Existing positions increased: 180 | Existing positions reduced: 176

3% less call options, than puts

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

6.76% less ownership

Funds ownership: 82.24% [Q2] → 75.48% (-6.76%) [Q3]

Research analyst outlook

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

• Low target: $105 11% downside
• Avg. target: $125 6% upside
• High target: $143 21% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

Keefe, Bruyette & Woods Ryan Krueger 94% 1-year accuracy 16 / 17 met price target	16% upside $137	Outperform Maintained	10 Jan 2025
Evercore ISI Group Thomas Gallagher 60% 1-year accuracy 9 / 15 met price target	21% upside $143	Outperform Upgraded	8 Jan 2025
Jefferies Suneet Kamath 95% 1-year accuracy 19 / 20 met price target	4% downside $114	Hold Maintained	10 Dec 2024
Piper Sandler John Barnidge 78% 1-year accuracy 31 / 40 met price target	10% upside $130	Overweight Maintained	25 Oct 2024
Truist Securities Mark Hughes 72% 1-year accuracy 47 / 65 met price target	11% downside $105	Hold Maintained	25 Oct 2024