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How to buy Globe Life stock | 82.68
Own Globe Life stock in just a few minutes.
Globe Life Inc is an insurance—life business based in the US. Globe Life shares (GL) are listed on the NYSE and all prices are listed in US Dollars. Globe Life employs 3,196 staff and has a trailing 12-month revenue of around USD$4.6 billion.
How to buy shares in Globe Life
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Globe Life. Find the stock by name or ticker symbol: GL. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Globe Life reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of USD$82.68, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Globe Life, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Globe Life. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- GL shares summary
- Compare share dealing platforms
- Is GL stock a buy or sell?
- Stock performance over time
- Can I short GL shares?
- Is GL suitable for ethical investing?
- Are GL shares over-valued?
- Globe Life's financials
- How volatile are GL shares?
- Does Globe Life pay a dividend?
- Have GL shares ever split?
- Other common questions
How has coronavirus impacted Globe Life's share price?
Since the stock market crash in March caused by coronavirus, Globe Life's share price has had significant negative movement.
Its last market close was USD$82.68, which is 24.93% down on its pre-crash value of USD$110.14 and 45.72% up on the lowest point reached during the March crash when the shares fell as low as USD$56.74.
If you had bought USD$1,000 worth of Globe Life shares at the start of February 2020, those shares would have been worth USD$551.84 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$784.63.
Globe Life share price
Use our graph to track the performance of GL stocks over time.Globe Life shares at a glance
Information last updated 2020-10-20.
| Latest market close | USD$82.68 |
|---|---|
| 52-week range | USD$56.74 - USD$111.43 |
| 50-day moving average | USD$81.4534 |
| 200-day moving average | USD$78.4191 |
| Wall St. target price | USD$90.57 |
| PE ratio | 12.5361 |
| Dividend yield | USD$0.75 (0.9%) |
| Earnings per share (TTM) | USD$6.83 |
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Is it a good time to buy Globe Life stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Globe Life price performance over time
Historical closes compared with the close of $82.68 from 2020-10-19
| 1 week (2020-10-21) | -1.72% |
|---|---|
| 1 month (2020-10-01) | 2.68% |
| 3 months (2020-07-29) | 2.40% |
| 6 months (2020-04-29) | -3.17% |
| 1 year (2019-10-29) | -15.46% |
|---|---|
| 2 years (2018-10-29) | -0.43% |
| 3 years (2017-10-27) | -2.68% |
| 5 years (2015-10-29) | 40.80% |
Is Globe Life under- or over-valued?
Valuing Globe Life stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Globe Life's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Globe Life's P/E ratio
Globe Life's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 13x. In other words, Globe Life shares trade at around 13x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Globe Life's EBITDA
Globe Life's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$998.4 million.
The EBITDA is a measure of a Globe Life's overall financial performance and is widely used to measure a its profitability.
Globe Life financials
| Revenue TTM | USD$4.6 billion |
|---|---|
| Operating margin TTM | 21.36% |
| Gross profit TTM | USD$1.3 billion |
| Return on assets TTM | 2.34% |
| Return on equity TTM | 10% |
| Profit margin | 15.84% |
| Book value | $67.431 |
| Market capitalisation | USD$8.9 billion |
TTM: trailing 12 months
Shorting Globe Life shares
There are currently 1.2 million Globe Life shares held short by investors – that's known as Globe Life's "short interest". This figure is 12.6% down from 1.3 million last month.
There are a few different ways that this level of interest in shorting Globe Life shares can be evaluated.
Globe Life's "short interest ratio" (SIR)
Globe Life's "short interest ratio" (SIR) is the quantity of Globe Life shares currently shorted divided by the average quantity of Globe Life shares traded daily (recently around 537772.68518519). Globe Life's SIR currently stands at 2.16. In other words for every 100,000 Globe Life shares traded daily on the market, roughly 2160 shares are currently held short.
However Globe Life's short interest can also be evaluated against the total number of Globe Life shares, or, against the total number of tradable Globe Life shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Globe Life's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Globe Life shares in existence, roughly 10 shares are currently held short) or 0.0126% of the tradable shares (for every 100,000 tradable Globe Life shares, roughly 13 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Globe Life.
Find out more about how you can short Globe Life stock.
Globe Life's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Globe Life.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Globe Life's total ESG risk score
Total ESG risk: 26.98
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Globe Life's overall score of 26.98 (as at 10/01/2020) is pretty good – landing it in it in the 38th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Globe Life is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Globe Life's environmental score
Environmental score: 5.59/100
Globe Life's environmental score of 5.59 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Globe Life is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Globe Life's social score
Social score: 16.11/100
Globe Life's social score of 16.11 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Globe Life is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Globe Life's governance score
Governance score: 16.77/100
Globe Life's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that Globe Life is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Globe Life's controversy score
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Globe Life scored a 1 out of 5 for controversy – the highest score possible, reflecting that Globe Life has managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
Globe Life Inc was last rated for ESG on: 2020-10-01.
| Total ESG score | 26.98 |
|---|---|
| Total ESG percentile | 38.22 |
| Environmental score | 5.59 |
| Environmental score percentile | 8 |
| Social score | 16.11 |
| Social score percentile | 8 |
| Governance score | 16.77 |
| Governance score percentile | 8 |
| Level of controversy | 1 |
Globe Life share dividends
Dividend payout ratio: 10.79% of net profits
Recently Globe Life has paid out, on average, around 10.79% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.9% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Globe Life shareholders could enjoy a 0.9% return on their shares, in the form of dividend payments. In Globe Life's case, that would currently equate to about $0.75 per share.
While Globe Life's payout ratio might seem low, this can signify that Globe Life is investing more in its future growth.
Globe Life's most recent dividend payout was on 30 October 2020. The latest dividend was paid out to all shareholders who bought their shares by 2 October 2020 (the "ex-dividend date").
Have Globe Life's shares ever split?
Globe Life's shares were split on a 3:2 basis on 2 July 2014. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Globe Life shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Globe Life shares which in turn could have impacted Globe Life's share price.
Globe Life share price volatility
Over the last 12 months, Globe Life's shares have ranged in value from as little as $56.74 up to $111.43. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Globe Life's is 1.086. This would suggest that Globe Life's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Globe Life overview
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 operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. It offers whole life, term life, and other life insurance products; and medicare supplement and supplemental health insurance, such as critical illness and accident plans. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was incorporated in 1979 and is headquartered in McKinney, Texas.
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