Globe Life (GL) Gets a Buy from Truist Financial
Truist Financial analyst Mark Hughes maintained a Buy rating on Globe Life today and set a price target of $185.00.
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According to TipRanks, Hughes is a 5-star analyst with an average return of 14.8% and a 67.68% success rate. Hughes covers the Financial sector, focusing on stocks such as Kinsale Capital Group, Arthur J Gallagher & Co, and First American Financial.
In addition to Truist Financial, Globe Life also received a Buy from TD Cowen’s Andrew Kligerman in a report issued yesterday. However, on April 22, BMO Capital maintained a Hold rating on Globe Life (NYSE: GL).
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.
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