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Why Globe Life (GL) Stock Is Down Today

Investivoq PriceTracker

Globe Life (GL) is down 7.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a negative post-earnings reaction after Globe Life cut its full-year 2026 earnings outlook and pointed to unexpected problems in its United American General Agency business. The sell-off appears to have intensified after Piper Sandler downgraded the stock, reinforcing investor concerns about medical claims volatility and the reliability of near-term earnings.

Details:

  • Globe Life reported third-quarter 2026 net income of $4.62 per diluted share, down from $4.73 a year earlier, while net operating income was $4.84 per diluted share.
  • The company lowered full-year 2026 earnings guidance to $15.35 to $15.65 per share, down from the prior $15.55 to $15.95 range given in July.
  • Management tied the guidance reduction to high-severity claims at Evry and a claims-processing delay at the Centers for Medicare and Medicaid Services that led to excess Medicare Supplement claims in the third quarter.
  • Globe Life also said it repurchased 1.1 million shares during the quarter for $185 million, but that capital return was not enough to offset the weaker outlook and the analyst downgrade.

    • Sources:

    Globe Life Investor Relations, SEC, Reuters

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $GL Insider Trading Activity

    GL Insider Trades

    $GL insiders have traded $GL stock on the open market 50 times in the past 6 months. Of those trades, 0 have been purchases and 50 have been sales.

    Here’s a breakdown of recent trading of $GL stock by insiders over the last 6 months:

    • JAMES MATTHEW DARDEN (Co-Chairman & CEO) has made 0 purchases and 5 sales selling 76,682 shares for an estimated $13,226,704.
    • MICHAEL CLAY MAJORS (EVP - Chief Strategy Officer) has made 0 purchases and 5 sales selling 71,000 shares for an estimated $11,839,152.
    • THOMAS PETER KALMBACH (EVP & CFO) has made 0 purchases and 9 sales selling 66,489 shares for an estimated $11,468,621.
    • FRANK M SVOBODA (Co-Chairman & CEO) has made 0 purchases and 11 sales selling 65,000 shares for an estimated $10,290,505.
    • ROBERT BRIAN MITCHELL (EVP, General Counsel and CRO) has made 0 purchases and 5 sales selling 23,600 shares for an estimated $4,310,181.
    • ROBERT EDWARD HENSLEY (EVP & Chief Investment Officer) has made 0 purchases and 2 sales selling 10,000 shares for an estimated $1,700,701.
    • CHERYL ALSTON has made 0 purchases and 4 sales selling 8,258 shares for an estimated $1,480,134.
    • DOLORES L SKARJUNE (EVP and Chief Admin. Officer) has made 0 purchases and 4 sales selling 6,025 shares for an estimated $1,025,277.
    • MICHAEL SHANE HENRIE (SVP & Chief Accounting Officer) has made 0 purchases and 4 sales selling 5,741 shares for an estimated $888,824.
    • REBECCA E ZORN (EVP & Chief Talent Officer) sold 2,000 shares for an estimated $340,193

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $GL Hedge Fund Activity

    We have seen 307 institutional investors add shares of $GL stock to their portfolio, and 294 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 734,319 shares (+inf%) to their portfolio in Q2 2026, for an estimated $131,208,118
    • INVESCO LTD. added 602,869 shares (+15.0%) to their portfolio in Q2 2026, for an estimated $107,720,632
    • WELLINGTON MANAGEMENT GROUP LLP removed 561,683 shares (-42.4%) from their portfolio in Q2 2026, for an estimated $100,361,518
    • WOODLINE PARTNERS LP removed 353,588 shares (-96.6%) from their portfolio in Q2 2026, for an estimated $63,179,103
    • PZENA INVESTMENT MANAGEMENT LLC added 329,565 shares (+32.1%) to their portfolio in Q2 2026, for an estimated $58,886,674
    • AQR CAPITAL MANAGEMENT LLC added 318,085 shares (+26.6%) to their portfolio in Q2 2026, for an estimated $56,835,427
    • JPMORGAN CHASE & CO added 273,463 shares (+inf%) to their portfolio in Q2 2026, for an estimated $48,862,368

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $GL Price Targets

    Multiple analysts have issued price targets for $GL recently. We have seen 4 analysts offer price targets for $GL in the last 6 months, with a median target of $200.5.

    Here are some recent targets:

    • Wesley Carmichael from Wells Fargo set a target price of $193.0 on 07/09/2026
    • Bob Huang from Morgan Stanley set a target price of $208.0 on 07/06/2026
    • Andrew Kligerman from TD Cowen set a target price of $215.0 on 06/23/2026
    • John Barnidge from Piper Sandler set a target price of $175.0 on 05/26/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.