Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. More Details
Adequate balance sheet average dividend payer.
Share Price & News
How has Globe Life's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GL is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: GL's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: GL underperformed the US Insurance industry which returned 41.2% over the past year.
Return vs Market: GL underperformed the US Market which returned 57.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Globe Life's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StGlobe Life (NYSE:GL) Shareholders Have Enjoyed A 80% Share Price Gain
1 month ago | Simply Wall StHave Globe Life Inc. (NYSE:GL) Insiders Been Selling Their Stock?
1 month ago | Simply Wall StCould The Globe Life Inc. (NYSE:GL) Ownership Structure Tell Us Something Useful?
Is Globe Life undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GL ($100.8) is trading below our estimate of fair value ($124.15)
Significantly Below Fair Value: GL is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: GL's PE Ratio (14.6x) is in line with the US Insurance industry average.
PE vs Market: GL is good value based on its PE Ratio (14.6x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: GL is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: GL is overvalued based on its PB Ratio (1.2x) compared to the US Insurance industry average (1.1x).
How is Globe Life forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GL's forecast earnings growth (4.8% per year) is above the savings rate (2%).
Earnings vs Market: GL's earnings (4.8% per year) are forecast to grow slower than the US market (18.6% per year).
High Growth Earnings: GL's earnings are forecast to grow, but not significantly.
Revenue vs Market: GL's revenue (4.3% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: GL's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GL's Return on Equity is forecast to be low in 3 years time (8.7%).
How has Globe Life performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GL has high quality earnings.
Growing Profit Margin: GL's current net profit margins (15.4%) are lower than last year (16.8%).
Past Earnings Growth Analysis
Earnings Trend: GL's earnings have grown by 5.8% per year over the past 5 years.
Accelerating Growth: GL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GL had negative earnings growth (-3.8%) over the past year, making it difficult to compare to the Insurance industry average (-9.8%).
Return on Equity
High ROE: GL's Return on Equity (8.3%) is considered low.
How is Globe Life's financial position?
Financial Position Analysis
Short Term Liabilities: GL's short term assets ($925.8M) do not cover its short term liabilities ($2.6B).
Long Term Liabilities: GL's short term assets ($925.8M) do not cover its long term liabilities ($17.7B).
Debt to Equity History and Analysis
Debt Level: GL's debt to equity ratio (21.9%) is considered satisfactory.
Reducing Debt: GL's debt to equity ratio has reduced from 30.4% to 21.9% over the past 5 years.
Debt Coverage: GL's debt is well covered by operating cash flow (76.8%).
Interest Coverage: GL's interest payments on its debt are well covered by EBIT (11.4x coverage).
What is Globe Life current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GL's dividend (0.78%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: GL's dividend (0.78%) is low compared to the top 25% of dividend payers in the US market (3.5%).
Stability and Growth of Payments
Stable Dividend: GL's dividends per share have been stable in the past 10 years.
Growing Dividend: GL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (10.9%), GL's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GL's dividends in 3 years are forecast to be thoroughly covered by earnings (9.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gary Coleman (67 yo)
Mr. Gary Lee Coleman has been the Co-Chief Executive Officer of Globe Life Inc. (formerly known as Torchmark Corporation) since June 1, 2012 and served as Executive Vice President and Chief Financial Offic...
CEO Compensation Analysis
Compensation vs Market: Gary's total compensation ($USD9.16M) is about average for companies of similar size in the US market ($USD10.98M).
Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.
Experienced Management: GL's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: GL's board of directors are considered experienced (7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GL insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8%.
Globe Life Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Globe Life Inc.
- Ticker: GL
- Exchange: NYSE
- Founded: 1979
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: US$11.687b
- Shares outstanding: 115.94m
- Website: https://www.globelifeinsurance.com
Number of Employees
- Globe Life Inc.
- 3700 South Stonebridge Drive
- United States
Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company oper...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/13 22:11|
|End of Day Share Price||2021/04/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.