Fintel reports that on January 8, 2025, Evercore ISI Group upgraded their outlook for Globe Life (NYSE:GL) from In-Line to Outperform.
Analyst Price Forecast Suggests 22.29% Upside
As of December 22, 2024, the average one-year price target for Globe Life is $136.34/share. The forecasts range from a low of $106.05 to a high of $197.40. The average price target represents an increase of 22.29% from its latest reported closing price of $111.49 / share.
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The projected annual revenue for Globe Life is 5,887MM, an increase of 2.79%. The projected annual non-GAAP EPS is 11.82.
What is the Fund Sentiment?
There are 1,117 funds or institutions reporting positions in Globe Life. This is an decrease of 102 owner(s) or 8.37% in the last quarter. Average portfolio weight of all funds dedicated to GL is 0.17%, an increase of 3.49%. Total shares owned by institutions decreased in the last three months by 8.60% to 79,525K shares. 
The put/call ratio of GL is 1.61, indicating a bearish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 4,791K shares representing 5.71% ownership of the company. In its prior filing, the firm reported owning 5,946K shares , representing a decrease of 24.10%. The firm decreased its portfolio allocation in GL by 85.73% over the last quarter.
Invesco holds 3,709K shares representing 4.42% ownership of the company. In its prior filing, the firm reported owning 4,190K shares , representing a decrease of 12.97%. The firm decreased its portfolio allocation in GL by 91.06% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,863K shares representing 3.41% ownership of the company. In its prior filing, the firm reported owning 2,945K shares , representing a decrease of 2.85%. The firm increased its portfolio allocation in GL by 17.55% over the last quarter.
Geode Capital Management holds 2,619K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 2,529K shares , representing an increase of 3.41%. The firm decreased its portfolio allocation in GL by 35.81% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 2,352K shares representing 2.80% ownership of the company. In its prior filing, the firm reported owning 2,155K shares , representing an increase of 8.37%. The firm increased its portfolio allocation in GL by 29.28% over the last quarter.
Globe Life Background Information
(This description is provided by the company.)
Globe Life is headquartered in McKinney, TX and has more than 11,000 insurance agents and 3,000 corporate employees. Globe Life's insurance subsidiaries include American Income Life, Family Heritage Life, Globe Life And Accident Insurance Company, Globe Life Insurance Company of New York, Liberty National Life, National Income Life, and United American.
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