Contrasting Globe Life (GL) & Its Competitors

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Globe Life (NYSE: GL) is one of 40 public companies in the “Life insurance” industry, but how does it weigh in compared to its rivals? We will compare Globe Life to similar companies based on the strength of its profitability, valuation, risk, earnings, dividends, institutional ownership and analyst recommendations.

Risk and Volatility

Globe Life has a beta of 0.95, meaning that its share price is 5% less volatile than the S&P 500. Comparatively, Globe Life’s rivals have a beta of 0.93, meaning that their average share price is 7% less volatile than the S&P 500.

Insider & Institutional Ownership

75.6% of Globe Life shares are held by institutional investors. Comparatively, 57.9% of shares of all “Life insurance” companies are held by institutional investors. 3.6% of Globe Life shares are held by company insiders. Comparatively, 10.1% of shares of all “Life insurance” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Profitability

This table compares Globe Life and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Globe Life 16.26% 12.34% 3.06%
Globe Life Competitors 8.49% 8.39% 1.00%

Dividends

Globe Life pays an annual dividend of $0.69 per share and has a dividend yield of 0.7%. 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 1.8% and pay out 18.4% of their earnings in the form of a dividend.

Analyst Ratings

This is a breakdown of recent recommendations for Globe Life and its rivals, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Globe Life 0 0 0 0 N/A
Globe Life Competitors 541 1542 1790 104 2.37

As a group, “Life insurance” companies have a potential upside of 9.94%. Given Globe Life’s rivals higher possible upside, analysts clearly believe Globe Life has less favorable growth aspects than its rivals.

Valuation and Earnings

This table compares Globe Life and its rivals gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Globe Life $4.30 billion $701.47 million 15.51
Globe Life Competitors $18.20 billion $1.03 billion 13.20

Globe Life’s rivals have higher revenue and earnings than Globe Life. Globe Life is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Summary

Globe Life beats its rivals 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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