Analyst Maintains Buy Rating on Globe Life with $118 Price Target

Piper Sandler analyst John Barnidge has maintained a Buy rating on Globe Life (GL), assigning a price target of $118.00. This comes after the company's shares closed at $103.71 the previous day. Barnidge, who specializes in the Financial sector, has a successful track record with an average return of 11.3% and a 63.48% success rate on his stock recommendations. Globe Life has recently received multiple ratings from different analysts, including a Buy from J.P. Morgan's Jimmy Bhullar. However, Evercore ISI has reiterated a Hold rating on the stock. Currently, Globe Life has a market capitalization of $9.32 billion and boasts a P/E ratio of 9.38. Founded in 1979 and headquartered in McKinney, TX, Globe Life, Inc. offers a range of insurance products including individual life and supplemental health insurance. Its segments include Life Insurance, Supplemental Health Insurance, Annuities, and Investments, providing various coverages to meet customer needs.