Aperio Group LLC Acquires 20,929 Shares of Torchmark Corporation (TMK)
Aperio Group LLC grew its holdings in Torchmark Corporation (NYSE:TMK) by 18.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,756 shares of the insurance provider’s stock after acquiring an additional 20,929 shares during the period. Aperio Group LLC owned about 0.11% of Torchmark Corporation worth $10,552,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in TMK. Janus Henderson Group PLC boosted its holdings in shares of Torchmark Corporation by 14,667.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,531,462 shares of the insurance provider’s stock valued at $193,657,000 after acquiring an additional 2,514,320 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Torchmark Corporation in the 2nd quarter valued at $26,997,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Torchmark Corporation by 159.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 475,542 shares of the insurance provider’s stock valued at $36,379,000 after acquiring an additional 292,092 shares during the last quarter. PGGM Investments purchased a new stake in shares of Torchmark Corporation in the 3rd quarter valued at $23,339,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Torchmark Corporation by 11.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,331,664 shares of the insurance provider’s stock valued at $101,872,000 after acquiring an additional 134,897 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.
TMK has been the topic of several recent research reports. BidaskClub raised shares of Torchmark Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research raised shares of Torchmark Corporation from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Tuesday, August 29th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $78.00 price objective on shares of Torchmark Corporation in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $78.14.
Torchmark Corporation (NYSE:TMK) last issued its earnings results on Tuesday, October 24th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.20 by $0.03. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Torchmark Corporation had a net margin of 13.80% and a return on equity of 11.83%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 EPS.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, October 6th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, October 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.70%. Torchmark Corporation’s payout ratio is currently 12.77%.
In related news, EVP W Michael Pressley sold 52,500 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $83.93, for a total value of $4,406,325.00. Following the completion of the transaction, the executive vice president now owns 105,948 shares of the company’s stock, valued at approximately $8,892,215.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vern D. Herbel sold 27,500 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $78.62, for a total transaction of $2,162,050.00. Following the completion of the transaction, the executive vice president now directly owns 56,943 shares of the company’s stock, valued at approximately $4,476,858.66. The disclosure for this sale can be found here. Insiders sold a total of 177,839 shares of company stock worth $14,668,836 over the last quarter. Insiders own 3.79% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.watchlistnews.com/aperio-group-llc-acquires-20929-shares-of-torchmark-corporation-tmk/1675416.html.
About Torchmark Corporation
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.
Receive News & Ratings for Torchmark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torchmark Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.