Shares of Globe Life Inc. (GL) have gained 33.9% in the past six months, outperforming the industry's growth of 14%. The Finance sector and the Zacks S&P 500 index have returned 8.9% and 6.3%, respectively, in the said time frame. With a market capitalization of $9.58 billion, the average volume of shares traded in the last three months was 0.6 million.GL Outperforms Industry, Sector, S&P in 6 MonthsImage Source: Zacks Investment ResearchEarnings have grown 12.4% in the past five years, better than the indu ...

Globe Life (GL) shares rallied 3.3% in the last trading session to close at $109.39. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.8% loss over the past four weeks.Globe Life has been witnessing a positive trend in revenues, driven by premium growth in its Life Insurance and Health Insurance segments and net investment income. GL’s expansion initiatives to capture heavily populated and less penetrated are ...

MCKINNEY, Texas, Dec. 4, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) has issued the following statement refuting the allegations raised in a report published today by Viceroy Research:Following the rapid onset of the pandemic, American Income Life (AIL) and its independent agency owners began transitioning to a virtual business model, which in turn led many agency owners to realign their real estate portfolios. By enabling our agents to work virtually, providing work flexibility and eliminating overhead ...

Investors in Globe Life Inc. (GL) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $25 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean t ...

The board of directors of Globe Life Inc. (GL) recently announced the authorization to buy back up to $1.8 billion of the company’s common shares under the existing stock repurchase program. This program replaces the earlier authorization of $1.3 billion, which was announced on April 29, 2024.Backed by a sustained operational performance, Globe Life has maintained a strong liquidity position with sufficient cash-generation capabilities. The parent company began the quarter with liquid assets of approximatel ...

MCKINNEY, Texas, Nov. 18, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE:GL) announced that its Board of Directors has approved an authorization to repurchase up to $1.8 billion of common stock under the Company's existing stock repurchase program. This authorization has no set time period and replaces the previous authorization of $1.3 billion announced on April 29, 2024. "We are pleased to announce this new authorization, which demonstrates the Board's well-founded confidence in our business model. Our insura ...

Globe Life Inc.’s (GL) third-quarter 2024 net operating income of $3.49 per share beat the Zacks Consensus Estimate by 14.4%. The bottom line improved 29% year over year, primarily driven by higher excess investment income and insurance underwriting income.Behind the HeadlinesGlobe Life reported total premium revenues of $1.2 billion, up 5% year over year. This upside was primarily driven by higher premiums from Life and Health insurance.Net investment income increased 7% year over year to $284.9 million.Th ...

Globe Life (GL) reported $1.46 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.1%. EPS of $3.49 for the same period compares to $2.71 a year ago.The reported revenue represents a surprise of -0.66% over the Zacks Consensus Estimate of $1.47 billion. With the consensus EPS estimate being $3.05, the EPS surprise was +14.43%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Globe Life (GL) came out with quarterly earnings of $3.49 per share, beating the Zacks Consensus Estimate of $3.05 per share. This compares to earnings of $2.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.43%. A quarter ago, it was expected that this life and health insurance company would post earnings of $2.90 per share when it actually produced earnings of $2.97, delivering a surprise of 2.41%.Over the last four quar ...

GLOBE LIFE INC. REPORTS Third Quarter 2024 Results McKinney, TX, October 23, 2024—Globe Life Inc. (NYSE: GL) reported today that for the quarter ended September 30, 2024, net income was $3.44 per diluted common share, compared with $2.68 per diluted common share for the year-ago quarter. Net operating income for the quarter was $3.49 per diluted common share, compared with $2.71 per diluted common share for the year-ago quarter. HIGHLIGHTS: l Net income as an ROE was 22.4% for the nine months ended Septembe ...