J.P.Morgan raises Globe Life PT on healthier margins

Globe Life

02/10/2025 14:01

** J.P.Morgan raises life insurer Globe Life GL.N PT to $180 from $160

 ** Says it forecasts upbeat results for co on robust life margins, improving health margins, sizable reserve releases and steady buybacks in Q3, 2025

** New PT represents a 27.7% upside on stock's last close

** "GL stock has made up some ground in 2025, rising 26% versus a 6% increase in the sector, but we foresee further outperformance," J.P.Morgan says

** 10 of 12 brokerages rate the stock "buy" or higher and two "hold"; their median PT is $160, according to data compiled by LSEG

** As of last close, shares up about 26% YTD

(Reporting by Parth Chandna)

((Parth.Chandna@thomsonreuters.com;))