Globe Life (GL) Receives a New Rating from Truist Financial

Truist Financial analyst Mark Hughes initiated coverage with a Hold rating on Globe Life (GL – Research Report) today and set a price target of $80.00. The company’s shares closed yesterday at $75.76.

According to TipRanks, Hughes is a top 25 analyst with an average return of 18.6% and a 74.04% success rate. Hughes covers the Financial sector, focusing on stocks such as Arthur J Gallagher & Co, W. R. Berkley Corporation, and Kinsale Capital Group.

In addition to Truist Financial, Globe Life also received a Hold from Evercore ISI’s Thomas Gallagher in a report issued yesterday. However, today, KBW assigned a Buy rating to Globe Life (NYSE: GL).

GL market cap is currently $7.12B and has a P/E ratio of 7.52.

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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.