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 February 7, 2025, GL stock price climbed to $121.61 with 175,788 million shares trading.

GL has a beta of 1.16, meaning it tends to be more sensitive to market movements. GL has a correlation of 0.05 to the broad based SPY ETF.

GL has a market cap of $10.21 billion. This is considered a Large Cap stock.

Last quarter Globe Life reported $1 billion in Revenue and $3.14 earnings per share. This fell short of revenue expectation by $-14 million and exceeded earnings estimates by $.02.

In the last 3 years, GL 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, RSP, VBR.

GL has underperformed the market in the last year with a return of +1.1%, while SPY returned +23.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GL shares. However, GL has outperformed the market in the last 3 month and 2 week periods, returning +9.8% and +2.7%, while SPY returned +2.7% and -0.8%, respectively. This indicates GL has been having a stronger performance recently.

GL support price is $118.36 and resistance is $121.58 (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 shares will trade within this expected range on the day.