In a report released today, Mark Hughes from Truist Financial initiated coverage with a Hold rating on Globe Life (GL – Research Report) and a price target of $105.00. The company’s shares closed yesterday at $109.39.
Hughes covers the Financial sector, focusing on stocks such as Arthur J Gallagher & Co, Willis Towers Watson, and Kinsale Capital Group. According to TipRanks, Hughes has an average return of 20.2% and a 77.31% success rate on recommended stocks.
Currently, the analyst consensus on Globe Life is a Moderate Buy with an average price target of $123.90, a 13.26% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $120.00 price target.
The company has a one-year high of $132.00 and a one-year low of $38.95. Currently, Globe Life has an average volume of 817.8K.
TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.
Globe Life (GL) Company Description:
Globe Life, Inc. is a holding company, which engages in the provision of individual life and supplemental health insurance products and services. It operates through the following segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. The Life Insurance segment includes traditional and interest-sensitive whole life insurance as well as term life insurances. The Supplement Health Insurance segment provides generally guaranteed-renewable and include medicare supplement, critical illness, accident, and limited-benefit supplemental hospital, and surgical coverage. The Annuities segment refers to fixed-benefit contracts. The Investments segment covers the investment portfolio. The company was founded on November 19, 1979 and is headquartered in McKinney, TX.
Read More on GL:
