Globe Life GL
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Globe Life (GL) Business Model and Operations Summary
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 whole life, term life, and other life insurance products; Medicare supplement and supplemental health insurance, such as critical illness and accident plans; and single-premium and flexible-premium deferred annuities. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was incorporated in 1979 and is headquartered in McKinney, Texas.
Key Insights
Globe Life (GL) Core Market Data and Business Metrics
Latest Closing Price
$140.55Market Cap
$10.86 BillionAverage Daily Volume
606,478 Shares52-Week Range
$86.10-$133.76Price-Earnings Ratio
11.52Total Outstanding Shares
82.54 Million SharesCEO
Frank Martin SvobodaTotal Employees
3,732Current Dividend
$0.27 Per Share QuarterlyIPO Date
December 31, 1980SIC Description
Life InsuranceHeadquarters
3700 South Stonebridge Drive, Mckinney, TX, 75070