Truist Financial analyst Mark Hughes maintained a Hold rating on Globe Life (GL – Research Report) on October 26 and set a price target of $115.00. The company’s shares closed last Friday at $112.03.
Hughes covers the Financial sector, focusing on stocks such as Brown & Brown, Encore Capital, and MidCap Financial Investment Corporation. According to TipRanks, Hughes has an average return of 13.1% and a 62.04% success rate on recommended stocks.
In addition to Truist Financial, Globe Life also received a Hold from CFRA’s Catherine Seifert in a report issued on October 27. However, on the same day, Piper Sandler reiterated a Buy rating on Globe Life (NYSE: GL).
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GL market cap is currently $10.62B and has a P/E ratio of 12.14.
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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