After this afternoon's -4.9% drop to $104.19 per share, Globe Life might just keep moving past its target price of $106.88. With an average analyst rating of buy, and target prices from $83.0 to $160.0, the stock's next move is anyone's guess.
Globe Life's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.8%. The stock's short ratio is 2.41. Since 2.29% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 84.4%. In conclusion, we believe there is mixed market sentiment regarding Globe Life.
Institutions Invested in Globe Life
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 13% | 11,382,963 | $1,185,933,972 |
| 2024-06-30 | Blackrock Inc. | 7% | 6,101,887 | $635,725,082 |
| 2024-06-30 | Wellington Management Group, LLP | 7% | 5,945,571 | $619,439,300 |
| 2024-06-30 | Invesco Ltd. | 5% | 4,190,311 | $436,567,541 |
| 2024-06-30 | State Street Corporation | 4% | 3,429,840 | $357,337,872 |
| 2024-06-30 | Geode Capital Management, LLC | 3% | 2,529,465 | $263,532,304 |
| 2024-06-30 | Morgan Stanley | 2% | 1,679,627 | $174,991,934 |
| 2024-06-30 | Bank Of New York Mellon Corporation | 2% | 1,611,294 | $167,872,661 |
| 2024-06-30 | Millennium Management Llc | 1% | 1,279,818 | $133,337,835 |
| 2024-06-30 | UBS Asset Management Americas Inc | 1% | 1,242,567 | $129,456,839 |
