Globe Life inches up after $1.8 bln share buyback authorization

Globe Life

18/11/2024 13:07

** Shares of life insurer Globe Life  GL.N  rise ~1% to
$110.29 premarket
    ** GL approves share buyback worth up to $1.8 bln under its
existing stock repurchase program
    ** Authorization has no set time period and replaces
previous authorization of $1.3 bln announced in April - GL
    ** Piper Sandler says the buyback authorization is
incrementally positive as there was a significant amount of
"opportunistic" share repurchase activity since the April
announcement
    ** As of last close, GL shares down 10.3% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))