Piper Sandler analyst John Barnidge maintained a Buy rating on Globe Life (GL – Research Report) today and set a price target of $131.00. The company’s shares closed yesterday at $112.03.
Barnidge covers the Financial sector, focusing on stocks such as Voya Financial, Globe Life, and American Equity Investment Life. According to TipRanks, Barnidge has an average return of 8.3% and a 58.12% success rate on recommended stocks.
In addition to Piper Sandler, Globe Life also received a Buy from J.P. Morgan’s Jimmy Bhullar in a report issued on October 24. However, yesterday, Wells Fargo maintained a Hold rating on Globe Life (NYSE: GL).
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The company has a one-year high of $123.09 and a one-year low of $101.81. Currently, Globe Life has an average volume of 491.4K.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GL in relation to earlier this year. Last month, Michael Shane Henrie, the SVP & CAO of GL sold 2,500.00 shares for a total of $275,925.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Globe Life (GL) Company Description:
Globe Life, Inc. is a holding company, which engages in the provision of individual life and supplemental health insurance products and services. It operates through the following segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. The Life Insurance segment includes traditional and interest-sensitive whole life insurance as well as term life insurances. The Supplement Health Insurance segment provides generally guaranteed-renewable and include medicare supplement, critical illness, accident, and limited-benefit supplemental hospital, and surgical coverage. The Annuities segment refers to fixed-benefit contracts. The Investments segment covers the investment portfolio. The company was founded on November 19, 1979 and is headquartered in McKinney, TX.
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