7.5% Yield To Maturity From Globe Life's Baby Bond

Arbitrage TraderInvesting Group LeaderFollow5ShareSavePlay(6min)Comment(1)SummaryGlobe Life Inc. maintains strong financial stability, with $30.8B in assets and investment-grade credit ratings.GL.PR.D baby bond offers a 7.47% yield to maturity, trading below par and outperforming peers in its credit category.GL has a 36-year record of uninterrupted dividends, with 20 consecutive years of increases, reinforcing its reliability.The 0.4% yield spread over comparable bonds implies a potential 5.3% capital appreciation if the market re-prices GL.PR.D.Looking for a portfolio of ideas like this one? Members of Trade With Beta get exclusive access to our subscriber-only portfolios. Learn More » Charnchai/iStock via Getty Images In оur previous article, we reviewеd Globe Life Inc. (GL) and feаtured its baby bond (GL.PR.D) аs one of our tоp picks in the insurаnce sectоr. At that timе, the bоnd hаd approximаtelyThis article was written byArbitrage Trader15.73K FollowersFollowArbitrage Trader, aka Denislav Iliev has been day trading for 15+ years and leads a team of 40 analysts. They identify mispriced investments in fixed-income and closed-end funds based on simple-to-understand financial logic. Denislav leads the investing group Trade With Beta, features of the service include: frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of 1200+ equities, IPO previews, hedging strategies, an actively managed portfolio, and chat for discussion. Learn more.Analyst’s Disclosure: I/we have a beneficial long position in the shares of GL.PR.D either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.