Globe Life evp Michael Majors sells $2.22M in common stock

Michael Clay Majors, Executive Vice President and Chief Strategy Officer at Globe Life Inc. (NASDAQ:GL), sold 14,377 shares of the company’s common stock on October 23, 2026. The transactions totaled approximately $2,220,900.

The shares were sold at prices ranging from $154.125 to $154.77 per share. Following these transactions, Mr. Majors directly owns 39,141.447 shares of Globe Life common stock.

In other recent news, Globe Life Inc. reported its third-quarter 2026 financial results, revealing net operating income of $4.84 per diluted share, which fell short of Wall Street’s estimate of $4.91. Despite this earnings miss, the company’s revenue rose to $1.6 billion, surpassing forecasts of $1.56 billion. The insurer noted solid premium growth across its businesses, though concerns about uneven performance in its health segment were highlighted. Wells Fargo recently adjusted its price target for Globe Life, lowering it to $180 from $191, while maintaining an Overweight rating due to anticipated pressure on health results from Evry and increased Medicare Supplement claims. Piper Sandler also downgraded Globe Life to Neutral from Overweight, reducing its price target to $165 from $200, citing concerns about volatility in medical claims. The firm pointed to issues such as medical claims severity and irregularities in the Medicare supplement, which are expected to continue affecting the company’s performance. These developments contribute to a less predictable outlook for Globe Life, according to Piper Sandler’s analysis.