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How to buy Globe Life (GL) stocks in Canada
Learn how to easily invest in Globe Life stocks.
Globe Life is an insurance-life business based in the US. Globe Life stocks (GL.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $91.74 – an increase of 0.83% over the previous week. Globe Life employs 3,261 staff and has a trailing 12-month revenue of around $5 billion.
How to buy shares in Globe Life
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – GL – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
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.
What's in this guide?
- Can I buy shares in Globe Life?
- Has coronavirus impacted Globe Life shares?
- Globe Life shares summary
- Compare share dealing platforms
- Is Globe Life stock a buy or sell?
- Globe Life performance over time
- Is Globe Life suitable for ethical investing?
- Are Globe Life shares over-valued?
- Globe Life's financials
- How volatile are Globe Life shares?
- Does Globe Life pay a dividend?
- Have Globe Life shares ever split?
- Other common questions
How has Coronavirus impacted Globe Life's stock price?
Since the stock market crash in March caused by coronavirus, Globe Life's stock price has had significant negative movement.
Its last market close was $105.12, which is 4.56% down on its pre-crash value of $110.14 and 85.27% up on the lowest point reached during the March crash when the stocks fell as low as $56.74.
If you had bought $1,000 worth of Globe Life stocks at the start of February 2020, those stocks would have been worth $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 $997.59.
Globe Life stock price (NYSE:GL)Use our graph to track the performance of GL stocks over time.
Globe Life shares at a glance
|Latest market close||$105.12|
|52-week range||$85.08 - $107.54|
|50-day moving average||$93.72|
|200-day moving average||$96.28|
|Wall St. target price||$109.86|
|Dividend yield||$0.78 (0.75%)|
|Earnings per share (TTM)||$7.39|
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Note: The dollar amounts in the table below are in Canadian dollars.
Globe Life price performance over time
|1 week (2022-01-12)||0.83%|
|1 month (2021-12-17)||17.22%|
|3 months (2021-10-19)||7.84%|
|6 months (2021-07-19)||15.99%|
|1 year (2021-01-19)||8.51%|
|2 years (2020-01-17)||0.64%|
|3 years (2019-01-18)||28.23%|
|5 years (2017-01-19)||42.79%|
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 14x. In other words, Globe Life shares trade at around 14x 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 $1.1 billion.
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||$5 billion|
|Operating margin TTM||20.52%|
|Gross profit TTM||$1.3 billion|
|Return on assets TTM||2.25%|
|Return on equity TTM||9.16%|
|Market capitalisation||$10.7 billion|
TTM: trailing 12 months
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 01/01/2019) 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.
Globe Life share dividends
Dividend payout ratio: 11.45% of net profits
Recently Globe Life has paid out, on average, around 11.45% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.75% 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 0.75% return on their shares, in the form of dividend payments. In Globe Life's case, that would currently equate to about $0.78 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 1 February 2022. The latest dividend was paid out to all shareholders who bought their shares by 6 January 2022 (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 $85.0772 up to $107.5376. 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 1.1191. 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; Medicare supplement and supplemental health insurance, such as critical illness and accident plans; and single-premium and flexible-premium deferred annuities. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc.
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