Globe Life Stock Fair Value – AE Wealth Management LLC Increase Investment in Globe Life
December 27, 2023
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Since then, the company has seen tremendous growth and its stock price has surged over the past few years. This move is also expected to benefit both parties as AE Wealth Management LLC gains access to Globe Life ($NYSE:GL) Inc.’s sizeable customer base while Globe Life Inc. receives a boost in capital and resources to expand its operations. With increased capital and resources, the company can continue to offer quality products and services to its customers while continuing to expand its reach into new markets.
Stock Price
This investment was made in response to the growth potential of the company, and the increased demand for its products and services. Despite the slight increase in the stock price, many investors remain bullish about GLOBE LIFE’s long-term future. With the additional funds from this investment, GLOBE LIFE is well positioned to capitalize on the growth opportunities in the market and position itself as a leader in its sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Globe Life. More…
| Total Revenues | Net Income | Net Margin |
| 5.35k | 907.51 | 17.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Globe Life. More…
| Operations | Investing | Financing |
| 1.53k | -943.01 | -492.45 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Globe Life. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 26.71k | 22.73k | 42.24 |
Key Ratios Snapshot
Some of the financial key ratios for Globe Life are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.8% | – | 22.7% |
| FCF Margin | ROE | ROA |
| 27.9% | 19.1% | 2.8% |
Analysis – Globe Life Stock Fair Value
At GoodWhale, we take a deep dive into the fundamentals of GLOBE LIFE to determine its fair value. After conducting our analysis, we have determined that the fair value of GLOBE LIFE share is around $113.1. This figure was calculated by using our proprietary Valuation Line. At the time of writing, GLOBE LIFE stock is traded at $121.6, which is a fair price that is overvalued by 7.5%. Despite the overvaluation, we do believe that GLOBE LIFE shares are an attractive investment option due to its strong fundamentals. More…
Peers
The company’s products include term life, whole life, and universal life insurance policies. Globe Life‘s competitors include China Life Insurance Co Ltd, CIG Pannonia Life Insurance OJSC, PT Asuransi Jiwa Sinarmas MSIG Tbk, and other life insurance companies.
– China Life Insurance Co Ltd ($SHSE:601628)
China Life Insurance Co Ltd is a life insurance company with a market cap of 677.9B as of 2022. The company has a ROE of 4.62%. The company operates in China and offers a variety of life insurance products including health, accident, and property insurance.
– CIG Pannonia Life Insurance OJSC ($LTS:0P2E)
CIG Pannonia Life Insurance OJSC is a insurance company with a market cap of 12.54B as of 2022. The company has a Return on Equity of 11.51%. The company provides insurance products and services to individuals and businesses in the areas of life, health, property and casualty, and reinsurance.
– PT Asuransi Jiwa Sinarmas MSIG Tbk ($IDX:LIFE)
Asuransi Jiwa Sinarmas MSIG Tbk is a life insurance company with a market cap of 13.02T as of 2022. The company offers a range of life insurance products and services including life, health, and accident insurance.
Summary
Investment advisors AE Wealth Management LLC recently increased their holdings in Globe Life Inc, a financial services provider that offers life and health insurance products. Investors are likely attracted to the company’s diversified portfolio of products, solid financials, and attractive dividend yield. Additionally, its stock price has increased over the past year, as investors have become more confident in the company’s financial future. Globe Life’s focus on long-term value creation, as well as its ability to generate consistent returns for shareholders, make it an attractive investment opportunity in the current market.
