In a report issued on March 14, Suneet Kamath from Jefferies maintained a Hold rating on Globe Life (GL – Research Report), with a price target of $100.00. The company’s shares closed last Tuesday at $97.72.
According to TipRanks.com, Kamath is a 4-star analyst with an average return of 7.4% and a 61.5% success rate. Kamath covers the Financial sector, focusing on stocks such as Jackson Financial Incorporation, American Equity Investment Life, and Brighthouse Financial.
Currently, the analyst consensus on Globe Life is a Hold with an average price target of $102.60.
The company has a one-year high of $108.61 and a one-year low of $85.25. Currently, Globe Life has an average volume of 560.8K.
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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