Piper Sandler Reaffirms Their Buy Rating on Globe Life (GL)
Piper Sandler analyst John Barnidge maintained a Buy rating on Globe Life today and set a price target of $167.00.
End of Quarter Sale - 50% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Barnidge covers the Financial sector, focusing on stocks such as Principal Financial, Prudential Financial, and Globe Life. According to TipRanks, Barnidge has an average return of 6.5% and a 55.97% success rate on recommended stocks.
Currently, the analyst consensus on Globe Life is a Strong Buy with an average price target of $174.33.
Based on Globe Life’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.52 billion and a net profit of $266 million. In comparison, last year the company earned a revenue of $1.47 billion and had a net profit of $255.2 million
Based on the recent corporate insider activity of 88 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. Last month, Rebecca E Zorn, the EVP & Chief Talent Officer of GL sold 8,800.00 shares for a total of $1,202,139.94.
Read More on GL:
Disclaimer & DisclosureReport an Issue
- Globe Life re-initiated with an Outperform at Keefe Bruyette
- Globe Life initiated with a Buy at Texas Capital
- Globe Life’s Growing Alternative Asset Bets Raise Volatility, Capital Strain and Liquidity Risk
- Globe Life price target raised to $171 from $170 at Wells Fargo
- Globe Life price target raised to $157 from $155 at Evercore ISI
