Globe Life (NYSE:GL) stock is rising higher on Friday as the health insurance company released a statement pushing back against a recent short report.Globe Life stock took a major beating on Thursday after the company was targeted in a short report from Fuzzy Panda. The firm brought up several concerns it has with the company’s business, leaders, legal problems and other issues.Now Globe Life has a response ready refuting those claims made against it. Here’s a small portion of what it had to say in a memo.“ ...

In this photo illustration, the Globe Life Insurance logo seen displayed on a smartphone screen.Shares of Globe Life rebounded about 20% Friday morning after sinking 53% Thursday following a short-seller report alleging multiple instances of insurance fraud.Fuzzy Panda Research disclosed a short position in the Texas-based insurance company after it uncovered "extensive allegations of insurance fraud ignored by management despite being obvious and reported hundreds of times."The short-seller claims that Glo ...

MCKINNEY, Texas, April 11, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) today issued the following statement refuting the allegations raised in a report issued today by Fuzzy Panda Research: For over 70 years, our business model has stood the test of the time and we continue to generate sustainable earnings growth that provides long-term value for our shareholders. With over 17 million policies in force, our millions of customers value the protection of the Company's products, and we strive to be there w ...

Globe Life (GL) shares lost more than half their value Thursday after short seller Fuzzy Panda Research said it had taken a short position in the company after conducting an investigation it alleged revealed evidence of wide-ranging insurance fraud.  “We uncovered extensive allegations of insurance fraud ignored by management despite being obvious and reported hundreds of times,” the researchers wrote in their report. Fuzzy Panda accused executives of partaking in a kickback scheme and alleged Globe Life s ...

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Global Life Inc. ("Global Life") (NYSE:GL) for potential violations of the federal securities laws. The firm's investigation is in connection with reports that Global Life executives ignored extensive allegations of insurance fraud. If you suffered a loss of more than $50,000 in Global Life securities, and wish to participate, learn more, or discuss the ...

ATLANTA, April 11, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Globe Life Inc. ("Globe Life" or the "Company") (NYSE:GL) complied with federal securities laws. On April 11, 2024, Fuzzy Panda Research published a report alleging, among other things, that it "uncovered extensive allegations of insurance fraud ignored by management despite being obvious and reported hundreds of times." Following this news, the price of the Company's stock dropped. If you purchased Globe Life stock an ...

Globe Life (NYSE:GL) stock is taking a beating on Thursday after the company was targeted by Fuzzy Panda in a new short report.The major crux of this short report is allegations of the company partaking in insurance fraud. Fuzzy Panda notes that this isn’t the case of a few bad apples and instead claims it’s more like the entire barrel is bad.Fuzzy Panda came to these conclusions are talking about the issues with multiple former executives. That includes one that claimed to have sent more than 200 emails ex ...

Globe Life Inc.’s (GL) higher life and health sales, improved invested assets, increased productivity and agent count, strong liquidity position and effective capital deployment make it worth adding to one’s portfolio.Earnings EstimateThe consensus estimate for Globe Life’s 2024 earnings per share indicates a year-over-year increase of 8.9% from the consensus estimate of 2023. The consensus estimate for 2024 revenues is pinned at $5.82 billion, implying a year-over-year improvement of 5.5% from the consensu ...

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MCKINNEY, Texas, March 18, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) announced that its Board of Directors has raised the quarterly dividend to $.2400 per share on all of the outstanding common stock of the Company held of record as of close of business of the Company's transfer agent on April 5, 2024. The dividend will be paid on May 1, 2024. Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market distributed through multiple channels, ...