Added to YB: 2024-12-30
Pitch date: 2024-11-11
GL [bullish]
Globe Life Inc.
+29.36%
current return
Author Info
No bio for this author
Company Info
Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.
Market Cap
$10.2B
Pitch Price
$107.80
Price Target
190.80 (+37%)
Dividend
0.79%
EV/EBITDA
8.97
P/E
10.20
EV/Sales
2.29
Sector
Insurance
Category
turnaround
Globe Life Inc. - $GL
GL: Short report caused 50% drop. Cyber-attack, lawsuits, extortion attempt. Strong Q3, positive outlook. Cheap at 8.9x/8.3x 24E/25E P/E, 1.3x BV. Niche focus, low costs, buybacks drive 10% EPS growth. Legal risks, but manageable impact. 23% upside potential, 75% if re-rates to historical 2.0x BV by 2025.
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