Torchmark Corporation (NYSE: TMK) has recently received a number of price target changes and ratings updates:

  • 8/3/2017 – Torchmark Corporation had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $78.00 price target on the stock.
  • 8/1/2017 – Torchmark Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/28/2017 – Torchmark Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $88.00 price target on the stock. According to Zacks, “Torchmark’s bottomline in the second quarter beat expectation on higher premiums from the Life and Health segments, and lower share count. Shares of Torchmark underperformed the year to date. Higher administrative expenses, pension costs and investments in IT systems will likely be a drag on Torchmark’s earnings in the near term. Nonetheless, Torchmark’s niche market focus, steady capital deployment and strong operating fundamentals should drive long-term growth. The life insurer estimates life and health sales growth in distribution channels. Also, a strong capital position and robust capital management are key positives. Torchmark now expects net operating income between $4.70 per share and $4.80 per share in 2017 banking on better than expected underwriting income and an increase in investment income, life underwriting income to increase between 2% and 4% while health underwriting income to increase between 1% and 3%.”
  • 7/24/2017 – Torchmark Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/11/2017 – Torchmark Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/6/2017 – Torchmark Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Torchmark underperformed the Zacks categorized Life Insurance industry year to date. Also, the company did not witness any earnings momentum for 2017, though 2018 estimates moved down in the last 60 days. Higher administrative expenses, pension costs and investments in IT systems will likely be a drag on Torchmark’s earnings in the near term. Nonetheless, Torchmark’s niche market focus, steady capital deployment and strong operating fundamentals should drive long-term growth. The life insurer estimates life and health sales growth in distribution channels. Also, a strong capital position and robust capital management are key positives. Torchmark expects net operating income between $4.63 per share and $4.77 per share in 2017, life underwriting income to increase between 1% and 3% while health underwriting income to stay flat in 2017.”
  • 6/23/2017 – Torchmark Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/21/2017 – Torchmark Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Torchmark’s niche market focus, steady capital deployment and strong operating fundamentals should drive long-term growth and thus drive shares higher. The life insurer estimates life and health sales growth in distribution channels. Also, a strong capital position and robust capital management are key positives. Torchmark expects net operating income between $4.63 per share and $4.77 per share in 2017, life underwriting income to increase between 1% and 3% while health underwriting income to stay flat in 2017. However, higher administrative expenses, pension costs and investments in IT systems will likely be a drag on Torchmark’s earnings in the near term. Though shares of Torchmark underperformed the Zacks categorized Life Insurance industry year to date, the life insurer witnessed its 2017 and 2018 estimates moving north over the last 60 days.”
  • 6/19/2017 – Torchmark Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $87.00 price target on the stock. According to Zacks, “Torchmark’s niche market focus, steady capital deployment and strong operating fundamentals should drive long-term growth and thus drive shares higher. The life insurer estimates life and health sales growth in distribution channels. Also, a strong capital position and robust capital management are key positives. Torchmark expects net operating income between $4.63 per share and $4.77 per share in 2017, life underwriting income to increase between 1% and 3% while health underwriting income to stay flat in 2017. However, higher administrative expenses, pension costs and investments in IT systems will likely be a drag on Torchmark’s earnings in the near term. Though shares of Torchmark underperformed the Zacks categorized Life Insurance industry year to date, the life insurer witnessed its 2017 and 2018 estimates moving north over the last 60 days.”
  • 6/17/2017 – Torchmark Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/15/2017 – Torchmark Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Torchmark’s niche market focus, steady capital deployment and strong operating fundamentals should drive long-term growth and thus drive shares higher. The life insurer estimates life and health sales growth in distribution channels. Also, a strong capital position and robust capital management are key positives. Torchmark expects net operating income between $4.63 per share and $4.77 per share in 2017, life underwriting income to increase between 1% and 3% while health underwriting income to stay flat in 2017. However, higher administrative expenses, pension costs and investments in IT systems will likely be a drag on Torchmark’s earnings in the near term. Though shares of Torchmark underperformed the Zacks categorized Life Insurance industry year to date, the life insurer witnessed estimates moving north over the last 60 days.”
  • 6/12/2017 – Torchmark Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $84.00 price target on the stock. According to Zacks, “Torchmark’s niche market focus, steady capital deployment and strong operating fundamentals should drive long-term growth and thus drive shares higher. The life insurer estimates life and health sales growth in distribution channels. Also, a strong capital position and robust capital management are key positives. Torchmark expects net operating income between $4.63 per share and $4.77 per share in 2017, life underwriting income to increase between 1% and 3% while health underwriting income to stay flat in 2017. However, higher administrative expenses, pension costs and investments in IT systems will likely be a drag on Torchmark’s earnings in the near term. Though shares of Torchmark underperformed the Zacks categorized Life Insurance industry year to date, the life insurer witnessed estimates moving north over the last 60 days.”

Shares of Torchmark Corporation (TMK) traded down 0.98% during trading on Thursday, reaching $78.45. The company had a trading volume of 613,774 shares. Torchmark Corporation has a 52-week low of $60.92 and a 52-week high of $79.90. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 16.85 and a beta of 0.98. The stock has a 50 day moving average of $77.81 and a 200 day moving average of $76.64.

Torchmark Corporation (NYSE:TMK) last announced its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.17 by $0.02. Torchmark Corporation had a net margin of 13.96% and a return on equity of 11.70%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business earned $1.11 earnings per share. Torchmark Corporation’s revenue was up 3.7% compared to the same quarter last year. Equities research analysts forecast that Torchmark Corporation will post $4.75 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Wednesday, July 5th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.76%. Torchmark Corporation’s payout ratio is currently 12.88%.

In other news, Director Lloyd W. Newton purchased 2,500 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average price of $75.28 per share, for a total transaction of $188,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Arvelia Bowie sold 16,875 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $78.45, for a total transaction of $1,323,843.75. Following the completion of the sale, the vice president now owns 17,941 shares in the company, valued at approximately $1,407,471.45. The disclosure for this sale can be found here. Insiders sold 92,577 shares of company stock worth $7,256,884 in the last 90 days. 3.79% of the stock is owned by company insiders.

Torchmark Corporation (Torchmark) is an insurance holding company. The Company, through its subsidiaries, provides a range of life and health insurance products and annuities to a base of customers. The Company’s segments include life insurance, health insurance, annuities and investment. The life insurance segment includes traditional and interest-sensitive whole life insurance as well as term life insurance.

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