Globe Life Inc. is a financial services company that specializes in providing life insurance and other related products to individuals and families. The company focuses on delivering affordable life insurance policies, serving a broad range of customers through its various insurance subsidiaries. In addition to life insurance, Globe Life offers supplemental health insurance, annuities, and other financial protection products, with an emphasis on customer service and ease of access. With a direct-to-consumer sales approach and a commitment to financial security, Globe Life aims to help policyholders attain peace of mind through comprehensive coverage that meets their specific needs. Read More
Shares of insurance holding company Globe Life (NYSE:GL) jumped 4.3% in the morning session after the company announced it was cleared in a federal investigation into its sales practices. The company announced that the U.S. Attorney's Office for the Western District of Pennsylvania closed its investigation into sales practices by certain independent agents. According to the release, the Department of Justice would not be taking any enforcement action against Globe Life or its subsidiary, American Income Life. This development removed a significant legal uncertainty for investors. In response to the news, an analyst from Keefe, Bruyette & Woods maintained an "Outperform" rating on the stock and raised the price target. The positive update followed the company's recent second-quarter results, where it had reported increased net income and a 5% rise in life insurance premiums.
Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Tuesday as we examine the latest happenings in today's session.
Stay informed about the performance of the S&P500 index in the middle of the day on Tuesday. Uncover the top gainers and losers in today's session for valuable insights.
Before the opening bell on Tuesday, let's take a glimpse of the US markets and explore the S&P500 top gainers and losers in today's pre-market session.
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Let's delve into the developments on the US markets in the middle of the day on Friday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Shares of insurance holding company Globe Life (NYSE:GL) jumped 5.6% in the afternoon session after the company reported second-quarter earnings that beat estimates and raised its full-year profit forecast. The insurer posted second-quarter operating earnings per share of $3.27, which was slightly above the consensus estimate of $3.25. More significantly, Globe Life increased its full-year operating EPS forecast to a range of $14.25 to $14.65, a notable jump from the previous guidance of $13.45 to $14.05. This positive outlook overshadowed a slight miss on total revenue, which came in at $1.48 billion against an expected $1.51 billion. The company’s core insurance underwriting income also surpassed expectations, contributing to the strong bottom-line performance.
Curious about the top performers within the S&P500 index one hour before the close of the markets on Thursday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Insurance holding company Globe Life (NYSE:GL) missed Wall Street’s revenue expectations in Q2 CY2025 as sales only rose 2% year on year to $1.48 billion. Its GAAP profit of $3.05 per share was 4.6% below analysts’ consensus estimates.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Globe Life (NYSE:GL) and the best and worst performers in the life insurance industry.
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