Globe Life Inc. (NYSE:GL) declared a quarterly dividend on Tuesday, September 3rd, Zacks reports. Stockholders of record on Friday, October 4th will be given a dividend of 0.172 per share on Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, October 3rd.
Shares of GL traded up $2.08 during midday trading on Thursday, reaching $90.84. 367,500 shares of the stock were exchanged, compared to its average volume of 478,790. Globe Life has a 52 week low of $69.68 and a 52 week high of $93.26. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.72 and a beta of 0.95.
Globe Life (NYSE:GL) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.02. Globe Life had a return on equity of 12.34% and a net margin of 16.26%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. On average, equities research analysts predict that Globe Life will post 6.73 EPS for the current year.
Separately, Zacks Investment Research raised Globe Life from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research report on Tuesday.
About Globe Life
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. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.
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