Summary
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Globe Life Inc. (GL) shows strong technical buy signals, with a Trend Seeker buy signal since 3/17 and a 0.77% gain.
The Barchart Brief: Your FREE insider update on the biggest news stories and investing trends, delivered midday The company offers various life and supplemental health insurance products, with significant price appreciation and strong technical indicators.
Analysts provide mixed ratings, with a midpoint price target of $141, indicating a potential 10% gain; Value Line targets a 20% gain.
Revenue and earnings are expected to grow by 5% and 10.66% this year, respectively, with a market cap of $610.68 billion and a P/E of 10.26.
The Chart of the Day belongs to the insurance products company Globe Life (GL) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 3/17 the stock gained .77%.
GL Price vs. Daily Moving Averages
GL (Barchart)
Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates through three segments: Life Insurance, Supplemental Health Insurance, and Investments. It offers whole, term, and other life insurance products; and Medicare supplement and limited-benefit supplemental health insurance products, such as accident, cancer, critical illness, heart, intensive care, and other health products. The company sells its products through its direct-to-consumer division, exclusive agencies, and independent agents. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was founded in 1900 and is headquartered in McKinney, Texas.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 67.45+ Weighted Alpha
- 9.08% gain in the last year
- .77 - 60 month Beta
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 4 new highs and up 3.48% in the last month
- Relative Strength Index 60.65%
- Technical support level at $126.82
- Recently traded at $128.60 with 50 day moving average of $121.92
Fundamental Factors:
- Market Cap $610.68 billion
- P/E 10.26
- Dividend yield .75%
- Revenue expected to grow 5.00% this year and another 5.14% next year
- Earnings estimated to increase 10.66% this year and an additional 10.48% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 3 strong buy, 4 buy and 4 hold opinions on the stock with price targets between $115 and $188 with a mid-point of $141 for about a 10% gain
- Value Line gives the stock its highest rating with a price target of $152 for a 20% gain
- CFRAs MarketScope give the stock a hold rating
- MorningStar thinks the stock is 15% under valued
- 6,580 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
