Globe Life (NYSE: GL) is one of 39 publicly-traded companies in the “Life insurance” industry, but how does it contrast to its peers? We will compare Globe Life to similar companies based on the strength of its earnings, valuation, institutional ownership, risk, analyst recommendations, profitability and dividends.
This table compares Globe Life and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Globe Life Competitors||8.44%||8.30%||0.99%|
Globe Life pays an annual dividend of $0.69 per share and has a dividend yield of 0.8%. Globe Life pays out 11.3% of its earnings in the form of a dividend. As a group, “Life insurance” companies pay a dividend yield of 1.9% and pay out 17.7% of their earnings in the form of a dividend.
This is a breakdown of recent recommendations for Globe Life and its peers, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Globe Life Competitors||529||1525||1779||102||2.37|
As a group, “Life insurance” companies have a potential upside of 22.18%. Given Globe Life’s peers higher possible upside, analysts plainly believe Globe Life has less favorable growth aspects than its peers.
Valuation and Earnings
This table compares Globe Life and its peers top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Globe Life||$4.30 billion||$701.47 million||14.11|
|Globe Life Competitors||$18.20 billion||$1.03 billion||12.91|
Globe Life’s peers have higher revenue and earnings than Globe Life. Globe Life is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Institutional and Insider Ownership
75.5% of Globe Life shares are owned by institutional investors. Comparatively, 58.2% of shares of all “Life insurance” companies are owned by institutional investors. 3.6% of Globe Life shares are owned by insiders. Comparatively, 10.1% of shares of all “Life insurance” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Risk & Volatility
Globe Life has a beta of 0.95, suggesting that its share price is 5% less volatile than the S&P 500. Comparatively, Globe Life’s peers have a beta of 0.92, suggesting that their average share price is 8% less volatile than the S&P 500.
Globe Life beats its peers on 7 of the 12 factors compared.
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. It offers term life, whole life, children's life, senior life, and family life insurance products; accidental benefits insurance; mortgage protection insurance; and medicare supplement plans. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. is based in McKinney, Texas.
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