Globe Life Inc. is an insurance holding company. Co.'s primary subsidiaries are Globe Life And Accident Insurance Co., American Income Life Insurance Co., Liberty National Life Insurance Co., Family Heritage Life Insurance Co. of America, and United American Insurance Co.. Co. offers Medicare Supplement and limited-benefit supplemental health insurance products that include accident, cancer, critical illness, heart, and intensive care products. These products are designed to supplement health coverage that applicants already own. Medicare Supplements are offered to enrollees in the traditional fee-for-service Medicare program. We show 25 historical shares outstanding datapoints in our GL shares outstanding history coverage, used to compute GL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GL market cap history over the course of time is important for investors
interested in comparing GL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of GL versus a peer is one thing; comparing
GL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like GL can fluctuate over the course of history.
With this page we aim to empower investors researching GL by allowing them to research the GL market cap history. |
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Video: The Importance of Market Cap
