5 Oversold Value Stocks To Buy Now

3. Globe Life Inc. (NYSE:GL)

Number of Q4 2023 Hedge Fund Shareholders: 32

Latest RSI Score: 19.46

Trailing P/E Ratio: 10.77

Globe Life Inc. (NYSE:GL) is an American insurance company headquartered in McKinney, Texas. It provides life, health, and other associated products. The firm has been doing well on the financial front as of late since it has beaten analyst EPS estimates in all four of its latest quarters. The stock is targeted by activist short investors and they may be right about their claims regarding GL.

By the end of last year’s fourth quarter, 32 out of the 933 hedge funds profiled by Insider Monkey had bought and owned Globe Life Inc. (NYSE:GL)’s shares. We will find out in the coming weeks whether activist shorts or these 32 hedge funds were right about GL. You can enter your email below to get email alerts the next time we publish an article about GL.

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