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. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. It offers whole life, term life, and other life insurance products; Medicare supplement and supplemental health insurance, such as critical illness and accident plans; and single-premium and flexible-premium deferred annuities. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was incorporated in 1979 and is headquartered in McKinney, Texas.
IPO Year:
Exchange: NYSE
Website: globelifeinsurance.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $150.00 | Buy | TD Cowen |
| 4/24/2024 | $130.00 → $110.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 10/31/2023 | $122.00 → $137.00 | Equal Weight → Overweight | Wells Fargo |
| 8/18/2023 | $131.00 | Underweight → Equal-Weight | Morgan Stanley |
| 4/25/2023 | $120.00 | Equal Weight | Wells Fargo |
| 10/28/2022 | $115.00 → $114.00 | Outperform → In-line | Evercore ISI |
| 9/22/2022 | $138.00 | Strong Buy | Raymond James |
| 6/15/2022 | $105.00 → $112.00 | In-line → Outperform | Evercore ISI |
| 2/22/2022 | $105.00 → $107.00 | Underweight | Morgan Stanley |
| 1/26/2022 | $106.00 | Hold | Jefferies |
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MCKINNEY, Texas, Nov. 18, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE:GL) announced that its Board of Directors has approved an authorization to repurchase up to $1.8 billion of common stock under the Company's existing stock repurchase program. This authorization has no set time period and replaces the previous authorization of $1.3 billion announced on April 29, 2024. "We are pleased to announce this new authorization, which demonstrates the Board's well-founded confidence in our business model. Our insurance operations have always been a dependable source of free cash for t
MCKINNEY, Texas, Nov. 15, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) announced that its Board of Directors has declared a quarterly dividend of $.2400 per share on all of the outstanding common stock of the Company held of record as of close of business of the Company's transfer agent on January 6, 2025. The dividend will be paid on January 31, 2025. Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market distributed through multiple channels, including direct to consumer and exclusive and independent agenci
MCKINNEY, Texas, Oct. 23, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) reported today that for the quarter ended September 30, 2024, net income was $3.44 per diluted common share, compared with $2.68 per diluted common share for the year-ago quarter. Net operating income for the quarter was $3.49 per diluted common share, compared with $2.71 per diluted common share for the year-ago quarter. HIGHLIGHTS: Net income as an ROE(1) was 22.4% for the nine months ended September 30, 2024. Net operating income as an ROE(1) excluding accumulated other comprehensive income (AOCI) was
MCKINNEY, Texas, Oct. 21, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) will release Third Quarter 2024 earnings after the market closes on Wednesday, October 23, 2024. At that time, a copy of the Company's Third Quarter 2024 earnings press release and any other financial and statistical information about the quarter will be available on the Company's website at https://investors.globelifeinsurance.com/ under Financial Reports and Other Financial Information. In conjunction with the Third Quarter 2024 Earnings Release of Globe Life Inc., you are invited to listen to a conference call broadcast live over the Internet on Thursday, October 24, 2024, at 11:00am Eastern (10:00am Central).
MCKINNEY, Texas, Oct. 8, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) will release Third Quarter 2024 earnings after the market closes on Wednesday, October 23, 2024. At that time, a copy of the Company's Third Quarter 2024 earnings press release and any other financial and statistical information about the quarter will be available on the Company's website at https://investors.globelifeinsurance.com/ under Financial Reports and Other Financial Information. In conjunction with the Third Quarter 2024 Earnings Release of Globe Life Inc., you are invited to listen to a conference call broadcast live over the Internet on Thursday, October 24, 2024, at 11:00am Eastern (10:00am Central).
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a+" (Excellent) of the key life/health subsidiaries of Globe Life Inc. (Globe Life) (headquartered in McKinney, TX) (NYSE:GL). Concurrently, AM Best has affirmed the Long-Term ICR of "bbb+" (Good) of Globe Life. AM Best also has affirmed the Short- and Long-Term Issue Credit Ratings (Short-Term IR; Long-Term IR) on the debt and the indicative Long-Term IRs on the securities of Globe Life. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of these companies and ratings.) The ratings reflect Globe Life's balance sheet s
MCKINNEY, Texas, Sept. 10, 2024 /PRNewswire/ -- Globe Life Liberty National Division raised $77,094 for Mother to Mother, a Tennessee-based organization with over two decades of service. This donation will help thousands of low-income families by providing essential care and supplies for their children. The Everett Agencies of Texas, Arkansas, Mississippi, and Louisiana won the annual convention contest by raising $15,090. New this year, all agencies competed in their respective categories for the highest category donation awards. Winners presented a ceremonial check and thanked Mother to Mother for their positive impact on the community. "No child, mother, or family should go without their
MCKINNEY, Texas, Sept. 3, 2024 /PRNewswire/ -- Following their 2023 donations of nearly $30,000 to Operation Gratitude, Globe Life employees and its subsidiaries packed 1,600 care kits and 1,000 paracord lanyards to help Make Tomorrow Better for our military and first responders. Operation Gratitude's mission is to say Thank You to our Military and First Responder communities, honoring their service by creating meaningful opportunities for all Americans to express their gratitude. Globe Life has supported Operation Gratitude for more than five years, donating over $100,000, cr
MCKINNEY, Texas, Aug. 15, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE:GL) announced that its $170 million delayed draw term loan has been amended effective August 15, 2024. The principal amount of the loan has been increased from $170 million to $250 million and the maturity date has been extended from November 10, 2024 to August 15, 2027. Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market distributed through multiple channels, including direct to consumer and exclusive and independent agencies. View
MCKINNEY, Texas, Aug. 8, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE:GL) announced that its Board of Directors has declared a quarterly dividend of $.2400 per share on all of the outstanding common stock of the Company held of record as of close of business of the Company's transfer agent on October 4, 2024. The dividend will be paid on November 1, 2024. Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market distributed through multiple channels, including direct to consumer and exclusive and independent agencies
MCKINNEY, Texas, Nov. 15, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) announced that its Board of Directors has declared a quarterly dividend of $.2400 per share on all of the outstanding common stock of the Company held of record as of close of business of the Company's transfer agent on January 6, 2025. The dividend will be paid on January 31, 2025. Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market distributed through multiple channels, including direct to consumer and exclusive and independent agenci
MCKINNEY, Texas, Oct. 23, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) reported today that for the quarter ended September 30, 2024, net income was $3.44 per diluted common share, compared with $2.68 per diluted common share for the year-ago quarter. Net operating income for the quarter was $3.49 per diluted common share, compared with $2.71 per diluted common share for the year-ago quarter. HIGHLIGHTS: Net income as an ROE(1) was 22.4% for the nine months ended September 30, 2024. Net operating income as an ROE(1) excluding accumulated other comprehensive income (AOCI) was
MCKINNEY, Texas, Oct. 21, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) will release Third Quarter 2024 earnings after the market closes on Wednesday, October 23, 2024. At that time, a copy of the Company's Third Quarter 2024 earnings press release and any other financial and statistical information about the quarter will be available on the Company's website at https://investors.globelifeinsurance.com/ under Financial Reports and Other Financial Information. In conjunction with the Third Quarter 2024 Earnings Release of Globe Life Inc., you are invited to listen to a conference call broadcast live over the Internet on Thursday, October 24, 2024, at 11:00am Eastern (10:00am Central).
MCKINNEY, Texas, Oct. 8, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) will release Third Quarter 2024 earnings after the market closes on Wednesday, October 23, 2024. At that time, a copy of the Company's Third Quarter 2024 earnings press release and any other financial and statistical information about the quarter will be available on the Company's website at https://investors.globelifeinsurance.com/ under Financial Reports and Other Financial Information. In conjunction with the Third Quarter 2024 Earnings Release of Globe Life Inc., you are invited to listen to a conference call broadcast live over the Internet on Thursday, October 24, 2024, at 11:00am Eastern (10:00am Central).
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a+" (Excellent) of the key life/health subsidiaries of Globe Life Inc. (Globe Life) (headquartered in McKinney, TX) (NYSE:GL). Concurrently, AM Best has affirmed the Long-Term ICR of "bbb+" (Good) of Globe Life. AM Best also has affirmed the Short- and Long-Term Issue Credit Ratings (Short-Term IR; Long-Term IR) on the debt and the indicative Long-Term IRs on the securities of Globe Life. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of these companies and ratings.) The ratings reflect Globe Life's balance sheet s
MCKINNEY, Texas, Aug. 8, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE:GL) announced that its Board of Directors has declared a quarterly dividend of $.2400 per share on all of the outstanding common stock of the Company held of record as of close of business of the Company's transfer agent on October 4, 2024. The dividend will be paid on November 1, 2024. Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market distributed through multiple channels, including direct to consumer and exclusive and independent agencies
MCKINNEY, Texas, July 24, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE:GL) reported today that for the quarter ended June 30, 2024, net income was $2.83 per diluted common share, compared with $2.24 per diluted common share for the year-ago quarter. Net operating income for the quarter was $2.97 per diluted common share, compared with $2.61 per diluted common share for the year-ago quarter. HIGHLIGHTS: Net income as an ROE was 20.8% for the six months ended June 30, 2024. Net operating income as an ROE excluding accumulated other comprehensive income (AOCI) was 14.5% for the sam
MCKINNEY, Texas, July 22, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE:GL) will release Second Quarter 2024 earnings after the market closes on Wednesday, July 24, 2024. At that time, a copy of the Company's Second Quarter 2024 earnings press release and any other financial and statistical information about the quarter will be available on the Company's website at https://investors.globelifeinsurance.com/ under Financial Reports and Other Financial Information. In conjunction with the Second Quarter 2024 Earnings Release of Globe Life Inc., you are invited to listen to a conference call broadcast live over the Internet on Thursday, July 25, 2024, at 11:00am Eastern (10:00am Central).
MCKINNEY, Texas, July 11, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE:GL) will release Second Quarter 2024 earnings after the market closes on Wednesday, July 24, 2024. At that time, a copy of the Company's Second Quarter 2024 earnings press release and any other financial and statistical information about the quarter will be available on the Company's website at https://investors.globelifeinsurance.com/ under Financial Reports and Other Financial Information. In conjunction with the Second Quarter 2024 Earnings Release of Globe Life Inc., you are invited to listen to a conference call broadcast live over the Internet on Thursday, July 25, 2024, at 11:00am Eastern (10:00am Central).
MCKINNEY, Texas, May 6, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE:GL) announced that its Board of Directors has declared a quarterly dividend of $.2400 per share on all of the outstanding common stock of the Company held of record as of close of business of the Company's transfer agent on July 5, 2024. The dividend will be paid on Aug 1, 2024. Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market distributed through multiple channels, including direct to consumer and exclusive and independent agencies.
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HOUSTON, Dec. 6, 2023 /PRNewswire/ -- Lexitas, a leading provider of technology-enabled litigation services and a portfolio company of funds advised by Apax, is pleased to announce the appointment of Linda Addison to the Lexitas Board of Directors. "Linda is a powerful addition to our board, and we are thrilled to have her on the Lexitas team" said Gary Buckland, CEO of Lexitas. "Her insights, experience and deep industry knowledge are well suited to drive value creation for our business in the years ahead. Her appointment will ensure sound corporate governance to advance our
MCKINNEY, Texas, Feb. 23, 2023 /PRNewswire/ -- Globe Life Inc. (NYSE:GL) announced that its Board of Directors has raised the quarterly dividend to $.2250 per share on all of the outstanding common stock of the Company held of record as of close of business of the Company's transfer agent on April 3, 2023. The dividend will be paid on May 1, 2023. Globe Life Inc. also announced today that Alice S. Cho, Senior Advisor to the Boston Consulting Group and David A. Rodriguez, former EVP and Global Chief Human Resources Officer of Marriott International, Inc., were appointed as memb
Hope Bancorp, Inc. (the "Company") (NASDAQ:HOPE), the holding company of Bank of Hope (the "Bank"), today announced the appointment of Mary E. ("Mimi") Thigpen to the Board of Directors of the Company and Bank effective August 1, 2021. Ms. Thigpen will serve as a member of the Board Risk Committee and Audit Committee. This appointment increases the membership of the Board of Directors from 10 to 11. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210802005651/en/Technology Intrapreneur Mary E. "Mimi" Thigpen joins Hope Bancorp, Inc. Board of Directors Ms. Thigpen, age 61, is an innovative strategic business executive and consultan
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TD Cowen initiated coverage of Globe Life with a rating of Buy and set a new price target of $150.00
Keefe Bruyette upgraded Globe Life from Mkt Perform to Outperform and set a new price target of $110.00 from $130.00 previously
Wells Fargo upgraded Globe Life from Equal Weight to Overweight and set a new price target of $137.00 from $122.00 previously
Morgan Stanley upgraded Globe Life from Underweight to Equal-Weight and set a new price target of $131.00
Wells Fargo initiated coverage of Globe Life with a rating of Equal Weight and set a new price target of $120.00
Evercore ISI downgraded Globe Life from Outperform to In-line and set a new price target of $114.00 from $115.00 previously
Raymond James initiated coverage of Globe Life with a rating of Strong Buy and set a new price target of $138.00
Evercore ISI upgraded Globe Life from In-line to Outperform and set a new price target of $112.00 from $105.00 previously
Morgan Stanley reiterated coverage of Globe Life with a rating of Underweight and set a new price target of $107.00 from $105.00 previously
Jefferies initiated coverage of Globe Life with a rating of Hold and set a new price target of $106.00
Globe Life (NYSE:GL) reported quarterly earnings of $2.97 per share which beat the analyst consensus estimate of $2.90 by 2.41 percent. The company reported quarterly sales of $1.440 billion which missed the analyst consensus estimate of $1.450 billion by 0.69 percent. This is a 8.60 percent increase over sales of $1.326 billion the same period last year.
Morgan Stanley analyst Nigel Dally maintains Globe Life (NYSE:GL) with a Equal-Weight and raises the price target from $62 to $65.
Jefferies analyst Suneet Kamath maintains Globe Life (NYSE:GL) with a Hold and raises the price target from $85 to $88.
Piper Sandler analyst John Barnidge maintains Globe Life (NYSE:GL) with a Overweight and lowers the price target from $110 to $105.
https://viceroyresearch.org/2024/06/27/globe-life-sec-enforcement-confirms-active-investigation/
Ratings for Globe Life (NYSE:GL) were provided by 10 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 5 5 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 5 4 0 0 Analysts have set 12-month price targets for Globe Life, revealing an average target of $108.6, a high estimate of $132.00, and a low estimate of $75.00. A 14.76% drop is evident in the current average compared to the p
Evercore ISI Group analyst Thomas Gallagher maintains Globe Life (NYSE:GL) with a In-Line and raises the price target from $83 to $86.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Financials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume HOOD CALL SWEEP BEARISH 06/21/24 $23.00 $28.2K 15.0K 2.1K JPM CALL SWEEP BEARISH 07/12
https://viceroyresearch.org/2024/06/07/globe-life-cant-seem-to-quit/June 7, 2024 – Former agents have informed Viceroy of several agents who continue to work for American Income Life subsequent to for-cause termination, writing fraudulent policies, or fraudulently recruiting agents.This includes agents who stand accused of multiple sexual assaults from multiple sources, an agent who pretended to be a licensed physician to clients and agents who wrote multiple fraudulent policies.It's clear that Globe Life and AIL have no interest in vetting their existing agents, let alone ensuring that those who are submitting fraudulent policies and sexually assaulting other agents are no longer involved w