How to Buy Globe Life Stock
Globe Life Inc
Globe Life Inc. , through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States.
Globe Life stock last closed at $75.75, up 0.28% from the previous day, and has decreased 28.07% in one year. It has underperformed other stocks in the Insurance - Life industry by 0.68 percentage points. Globe Life stock is currently +94.48% from its 52-week low of $38.95, and -42.61% from its 52-week high of $132.00.
There are currently 93.71M shares of GL outstanding. The market cap of GL is $7.10B. In the past 24 hours, 5.94M GL shares were traded.
How to Buy Globe Life Stock
Not sure how to invest in Globe Life stock? Here's how.
- Choose where to buy Globe Life stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you determine where to buy Globe Life stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Choose your method of payment and add your info.
- Evaluate Globe Life stock: The Globe Life ticker symbol is GL. Is Globe Life stock a good investment? Should you buy shares of GL? How do GL's underlying business fundamentals look? Do top analysts think Globe Life is a good buy? Why has GL's stock price moved recently? (Hint: Our stock analysis website can help you figure out if GL is a good stock to buy).
- Execute your GL buy order: Decide if you will purchase GL shares at the current market price or use a limit order to purchase GL stock at a particular price.
- Get notifications regarding your GL position: Create a watchlist to the latest updates on your position in Globe Life shares.
Step 1: Choose where to buy Globe Life stock
You need an online brokerage account in order to access the NYSE market and buy GL shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best brokerage. eToro gives you:
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- Social investing: eToro has a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal details so you are able to buy GL stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open a new brokerage account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have filled out your info on the stocks app, your next step is to transfer the money for your investment:
Check out the tutorial below to see the process of depositing money into your investment account.
Step 4: Evaluate Globe Life stock
Once you have decided on the best place to buy Globe Life stock, it's critical to evaluate their stock before you invest, so you truly wrap your head around the risk and upside.
Globe Life quick stats
Fundamentals of GL
WallStreetZen was built to help average investors perform better fundamental analysis in less time.
You can view all of the due diligence checks on GL's stock page.
What is the fair value of GL stock?
You can use many financial metrics, analyses, models, and charts to gauge GL's true value.
Using relative valuations methods:
- GL could be undervalued based on its P/E ratio of 7.42x, relative to Insurance - Life industry P/E ratio of 15.93x
- GL may be overvalued based on its P/B ratio of 1.58x, relative to Insurance - Life industry P/B ratio of 1.38x
- GL could be overvalued based on its PEG ratio of 1.54x
You can access additional valuation research on GL's stock here.
GL Financials at a glance
Signs that GL is financially healthy:
- GL's operating cash flow of $1.48B allows it to safely service it's debt of $2.12B.
- GL profit margin has gone up from 17.1% to 17.8% in the past year.
- GL earnings of $1.30B is not enough to cover its interest payments.
Signs that GL is not financially healthy:
- GL has a relatively high debt to equity ratio of 5.25.
- Total GL debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy GL stock
Out of 8 sell side analysts who give recommendations on GL, the consensus analyst rating on GL is a Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest GL Analyst Upgrades/Downgrades
Jimmy Bhullar, a top 31% analyst from JP Morgan maintains GL with a strong buy rating and raises their GL price target from $133.00 to $136.00, on Feb 8, 2024.
Nigel Dally, a top 13% analyst from Morgan Stanley maintains GL with a hold rating and raises their GL price target from $131.00 to $132.00, on Nov 15, 2023.
Wesley Carmichael, a bottom 32% analyst from Wells Fargo upgrades GL to a strong buy rating and raises their GL price target from $122.00 to $137.00, on Oct 31, 2023.
You can dive deeper into what analysts are saying on the Globe Life stock forecast page.
GL Momentum
GL Performance Metrics
Last year, GL earnings were $970.76M. In the past 5 year, GL's earnings have gone up by 10.89% per year. This was faster than the Insurance - Life industry average of -2.49%.
Last year, GL revenue was $5.45B. Over the last 5 year, GL's revenue has increased by 4.83% per year. This was faster than the Insurance - Life industry average of -1.38%.
Learn more about GL's earnings and revenue performance here.
Latest Insiders Trades at GL
Over the past year, insiders at GL have sold more shares than they have bought.
Rebecca E. Zorn, EVP Chief Talent Officer of GL, was the latest GL insider to sell. They sold $179,336.00 worth of GL shares on Apr 25, 2024.
Dig into more about who owns GL shares here.
Can I rely on GL as an income stream?
Globe Life pays a dividend of 1.21%, compared to the Insurance - Life industry's average dividend yield of 2.48%. If you owned $1,000 of GL stock, you would have received $12.08 in the past 12 months.
Globe Life dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Globe Life dividend yield and history here.
GL Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your GL buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price, place a limit order.
Press the Open button and eToro will execute your order.
If you require additional info about investing in stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your GL position
Now that you own some GL shares, you'll want to keep up with your shares.
Add GL to a watchlist to track the latest developments regarding your GL stock.
GL Feed
How to Buy Stock in Globe Life
To summarize, here are the 6 steps you need to take to buy Globe Life stock right now:
- Choose where to buy Globe Life stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Evaluate Globe Life stock
- Execute your GL buy order
- Get notifications regarding your GL position
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Globe Life, create your watchlist below.
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