Globe Life (GL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this life and health insurance company have returned -28.3%, compared to the Zacks S&P 500 composite's -4.2% change. During this period, the Zacks Financial - Miscellaneous Services industry, which Globe Life falls in, has lost 3.9%. The key question now is: What could be the stock's future d ...

MCKINNEY, Texas, April 29, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) announced that its Board of Directors authorized share repurchases of up to $1.3 billion for the two-year period ending December 31, 2025 under the Company's existing stock repurchase program, during its regularly scheduled quarterly board meeting on April 25, 2024. Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market distributed through multiple channels, including ...

Globe Life Inc. (NYSE:GL) Q1 2024 Earnings Conference Call April 23, 2024 11:00 AM ET Company Participants Stephen Mota – Senior Director-Investor Relations Frank Svoboda – Co-Chief Executive Officer Matt Darden – Co-Chief Executive Officer Tom Kalmbach – Chief Financial Officer Conference Call Participants Jim Bhullar – JPMorgan Ryan Krueger – KBW Wes Carmichael – Autonomous Research John Barnidge – Piper Sandler Elyse Greenspan – Wells Fargo Wilma Burdis – Raymond James Tom Gallagher – Evercore ISI Bob Hu ...

GLOBE LIFE INC. REPORTS First Quarter 2024 Results HIGHLIGHTS: ⚫ Net income increased 14% and net operating income increased 6% over the year-ago quarter. ⚫ At the Liberty National Division, the average producing agent count increased 14% over the year-ago quarter and life premiums increased 7%. ⚫ At the Family Heritage Division, health net sales increased 11% and premiums increased 8% over the year-ago quarter. ⚫ Net investment income grew 10% over the year-ago quarter. Weighted average diluted shares outs ...

Globe Life Inc.’s (GL) first-quarter 2024 net operating income of $2.78 per share missed the Zacks Consensus Estimate by 0.7%.The bottom line improved 10% year over year, primarily driven by higher insurance underwriting income and excess investment income.Behind the HeadlinesGlobe Life reported total premium revenues of $1.1 billion, up 5% year over year. This upside was primarily driven by higher premiums from Life and Health insurance.Net investment income increased 10% year over year to $282.5 million.T ...

For the quarter ended March 2024, Globe Life (GL) reported revenue of $1.4 billion, up 3.9% over the same period last year. EPS came in at $2.78, compared to $2.53 in the year-ago quarter.The reported revenue represents a surprise of -1.65% over the Zacks Consensus Estimate of $1.43 billion. With the consensus EPS estimate being $2.80, the EPS surprise was -0.71%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

MCKINNEY, Texas, April 22, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) announces the live audio webcast of its 2024 Annual Meeting of Shareholders, on Thursday, April 25, 2024 at 10:00 a.m. CDT. To register online to attend the meeting: Go to: register.proxypush.com/gl. Registered and beneficial shareholders - Enter the control number found in the upper right-hand corner of your proxy card. Guests may register to attend and listen to the meeting. After registering, you will receive a confirmation ema ...

Globe Life (GL) came out with quarterly earnings of $2.78 per share, missing the Zacks Consensus Estimate of $2.80 per share. This compares to earnings of $2.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.71%. A quarter ago, it was expected that this life and health insurance company would post earnings of $2.74 per share when it actually produced earnings of $2.80, delivering a surprise of 2.19%.Over the last four quar ...

McKinney, TX, April 22, 2024—Globe Life Inc. (NYSE: GL) reported today that for the quarter ended March 31, 2024, net income was $2.67 per diluted common share, compared with $2.28 per diluted common share for the year-ago quarter. Net operating income for the quarter was $2.78 per diluted common share, compared with $2.53 per diluted common share for the year-ago quarter. HIGHLIGHTS: Note: As used in the earnings release, "Globe Life," the "Company," "we," "our," and "us" refer to Globe Life Inc., a Delawa ...

A downtrend has been apparent in Globe Life (GL) lately with too much selling pressure. The stock has declined 42.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spott ...