Globe Stock Today

GL
 Stock
  

USD 121.14  0.73  0.61%   

Market Performance
18 of 100
Odds Of Distress
Less than 7
Globe Life is selling for 121.14 as of the 3rd of December 2022. This is a 0.61 percent up since the beginning of the trading day. The stock's lowest day price was 119.61. Globe Life has only a 7 % chance of going through financial distress over the next few years and had a solid performance during the last 90 days. Equity ratings for Globe Life are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of November 2022 and ending today, the 3rd of December 2022. Click here to learn more.
CUSIP
37959E102
Fiscal Year End
December
Business Domain
Insurance
IPO Date
30th of December 1987
Category
Financial Services
Classification
Financials
Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. Globe Life Inc. was incorporated in 1979 and is headquartered in McKinney, Texas. The company has 97.27 M outstanding shares of which 1.21 M shares are currently sold short in the market by investors with about 1.87 days to cover all shorted shares. More on Globe Life

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Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

Globe Life Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Globe Life's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Globe Life or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
The company reports 1.55 B of total liabilities with total debt to equity ratio (D/E) of 0.47, which is normal for its line of buisiness. Globe Life has a current ratio of 0.61, implying that it has not enough working capital to pay out debt commitments in time. Debt can assist Globe Life until it has trouble settling it off, either with new capital or with free cash flow. So, Globe Life's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Globe Life sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Globe to invest in growth at high rates of return. When we think about Globe Life's use of debt, we should always consider it together with cash and equity.
Over 84.0% of Globe Life shares are owned by institutional investors
On 1st of November 2022 Globe Life paid $ 0.2075 per share dividend to its current shareholders
Latest headline from news.google.com: Sun Life receives Boston Globe Top Places to Work recognition for 5th consecutive year - Marketscreener.com
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Globe Life's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Globe Life's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOBill Leavell
Fama & French Classification
Average Analyst Recommendation
Analysts covering Globe Life report their recommendations after researching Globe Life's financial statements, talking to executives and customers, or listening in on Globe Life's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Globe Life. The Globe consensus assessment is calculated by taking the average forecast from all of the analysts covering Globe Life.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Globe Life based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Globe Life financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted130.2 M103.2 M
Significantly Up
Decreasing
Slightly volatile
Weighted Average Shares128.5 M102.1 M
Significantly Up
Decreasing
Slightly volatile
Return on Average Assets2.672.5332
Notably Up
Decreasing
Very volatile
Net Cash Flow from Operations1.3 B1.4 B
Fairly Down
Increasing
Slightly volatile
Total Liabilities18 B21.1 B
Fairly Down
Increasing
Slightly volatile
Gross Margin0.430.441
Fairly Down
Decreasing
Slightly volatile
Total Debt1.9 BB
Notably Down
Increasing
Slightly volatile
Asset Turnover0.20.1739
Fairly Up
Decreasing
Slightly volatile
Total Assets24.9 B29.8 B
Fairly Down
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Globe Life's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyFairly Valued
Globe Life (GL) is traded on New York Stock Exchange in USA and employs 3,222 people. Globe Life is listed under Life & Health Insurance category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with market capitalization of 11.71 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Globe Life's market, we take the total number of its shares issued and multiply it by Globe Life's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Globe Life is active under Insurance sector as part of Financials industry. The entity has 97.27 M outstanding shares of which 1.21 M shares are currently sold short in the market by investors with about 1.87 days to cover all shorted shares. Globe Life reports about 171.36 M in cash with 1.44 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.76.
Check Globe Life Probability Of Bankruptcy
Ownership
Globe Life secures a total of 97.27 Million outstanding shares. The majority of Globe Life outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Globe Life to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Globe Life. Please pay attention to any change in the institutional holdings of Globe Life as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Globe Ownership Details

Globe Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Globe Life jumping above the current price in 90 days from now is under 4%. The Globe Life probability density function shows the probability of Globe Life stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon Globe Life has a beta of 0.6724. This usually indicates as returns on the market go up, Globe Life average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Globe Life will be expected to be much smaller as well. Additionally, the company has an alpha of 0.273, implying that it can generate a 0.27 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 121.14HorizonTargetOdds Above 121.14
96.92%90 days
 121.14 
3.05%
Based on a normal probability distribution, the odds of Globe Life to move above the current price in 90 days from now is under 4 (This Globe Life probability density function shows the probability of Globe Stock to fall within a particular range of prices over 90 days) .

Globe Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Globe Life that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Globe Life's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Globe Life's value.
InstituionSecurity TypeTotal SharesValue
Zwj Investment Counsel IncCommon Shares2.4 K243 K
Zwj Investment Counsel IncCommon Shares2.5 K243 K
View Globe Life Diagnostics

Globe Life Historical Income Statement

Globe Life Income Statement is one of the three primary financial statements used for reporting Globe's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Globe Life revenue and expense. Globe Life Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Globe Life Net Income Common Stock is relatively stable at the moment as compared to the past year. The company's current value of Net Income Common Stock is estimated at 790.41 Million. Net Loss Income from Discontinued Operations is expected to hike to about 114.2 K this year, although the value of Net Income will most likely fall to nearly 676.5 M. View More Fundamentals

Globe Stock Against Markets

Picking the right benchmark for Globe Life stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Globe Life stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Globe Life is critical whether you are bullish or bearish towards Globe Life at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Globe Life without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Globe Life Corporate Management

Elected by the shareholders, the Globe Life's board of directors comprises two types of representatives: Globe Life inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Globe. The board's role is to monitor Globe Life's management team and ensure that shareholders' interests are well served. Globe Life's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Globe Life's outside directors are responsible for providing unbiased perspectives on the board's policies.
Shane Henrie - Corp OfficerProfile
Pamela Ramirez - Corporate Senior Vice President - Enterprise TransformationProfile
James Brannen - Independent DirectorProfile
Mary Thigpen - Independent DirectorProfile

Invested in Globe Life?

The danger of trading Globe Life is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Globe Life is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Globe Life. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Globe Life is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. You can also try ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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When running Globe Life price analysis, check to measure Globe Life's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Globe Life is operating at the current time. Most of Globe Life's value examination focuses on studying past and present price action to predict the probability of Globe Life's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Globe Life's price. Additionally, you may evaluate how the addition of Globe Life to your portfolios can decrease your overall portfolio volatility.
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Is Globe Life's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Globe Life. If investors know Globe will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Globe Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.033
Market Capitalization
11.7 B
Quarterly Revenue Growth YOY
0.011
Return On Assets
0.022
Return On Equity
10.89
The market value of Globe Life is measured differently than its book value, which is the value of Globe that is recorded on the company's balance sheet. Investors also form their own opinion of Globe Life's value that differs from its market value or its book value, called intrinsic value, which is Globe Life's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Globe Life's market value can be influenced by many factors that don't directly affect Globe Life's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Globe Life's value and its price as these two are different measures arrived at by different means. Investors typically determine Globe Life value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globe Life's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.