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Piper Sandler Sticks to Their Buy Rating for Globe Life (GL)

Tipranks - Wed May 27, 6:04AM CDT

In a report released today, Paul Newsome from Piper Sandler maintained a Buy rating on Globe Life, with a price target of $175.00.

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According to TipRanks, Newsome is a 5-star analyst with an average return of 11.2% and a 66.46% success rate. Newsome covers the Financial sector, focusing on stocks such as Accelerant Holdings Class A, Neptune Insurance Holdings, Inc. Class A, and Prudential Financial.

Currently, the analyst consensus on Globe Life is a Moderate Buy with an average price target of $174.80.

Based on Globe Life’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.56 billion and a net profit of $270.53 million. In comparison, last year the company earned a revenue of $1.48 billion and had a net profit of $254.56 million

Based on the recent corporate insider activity of 102 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. Earlier this month, Thomas Peter Kalmbach, the EVP & CFO of GL sold 11,903.00 shares for a total of $1,864,128.83.

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