Morgan Stanley Remains a Buy on Globe Life (GL)
In a report released today, Bob Huang from Morgan Stanley maintained a Buy rating on Globe Life, with a price target of $176.00.
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According to TipRanks, Huang is an analyst with an average return of -4.9% and a 51.61% success rate. Huang covers the Financial sector, focusing on stocks such as Progressive, Allstate, and Arch Capital Group.
Currently, the analyst consensus on Globe Life is a Strong Buy with an average price target of $176.67.
Based on Globe Life’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.51 billion and a net profit of $387.84 million. In comparison, last year the company earned a revenue of $1.46 billion and had a net profit of $302.99 million
Based on the recent corporate insider activity of 70 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, Frank Svoboda, the Co-Chairman & CEO of GL sold 12,500.00 shares for a total of $1,809,618.29.
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