GL Stock Summary and Trading Ideas (Globe Life | NYSE:GL)

Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.

Globe Life trades on the NYSE stock market under the symbol GL.

As of April 24, 2024, GL stock price climbed to $78.60 with 5,974,645 million shares trading.

GL has a beta of 0.86, meaning it tends to be less sensitive to market movements. GL has a correlation of 0.03 to the broad based SPY ETF.

GL has a market cap of $7.40 billion. This is considered a Mid Cap stock.

Last quarter Globe Life reported $1 billion in Revenue and $2.78 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.01.

In the last 3 years, GL stock traded as high as $132.00 and as low as $38.95.

The top ETF exchange traded funds that GL belongs to (by Net Assets): VTI, VOO, VB, VO, VBR.

GL has underperformed the market in the last year with a price return of -25.9% while the SPY ETF gained +24.1%. GL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -35.4% and -25.1%, respectively, while the SPY returned +4.5% and -1.7%, respectively.

GL support price is $73.93 and resistance is $77.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GL stock will trade within this expected range on the day.