Nomura Asset Management Co. Ltd. increased its holdings in shares of Torchmark Co. (NYSE:TMK) by 6.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,516 shares of the insurance provider’s stock after purchasing an additional 1,114 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Torchmark were worth $1,380,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMK. ETF Managers Group LLC grew its stake in shares of Torchmark by 15.7% during the 4th quarter. ETF Managers Group LLC now owns 1,547 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 210 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of Torchmark by 2.4% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 9,375 shares of the insurance provider’s stock worth $699,000 after acquiring an additional 217 shares in the last quarter. Bailard Inc. grew its stake in shares of Torchmark by 10.5% during the 4th quarter. Bailard Inc. now owns 2,901 shares of the insurance provider’s stock worth $216,000 after acquiring an additional 275 shares in the last quarter. Daiwa SB Investments Ltd. grew its stake in shares of Torchmark by 12.0% during the 4th quarter. Daiwa SB Investments Ltd. now owns 2,800 shares of the insurance provider’s stock worth $209,000 after acquiring an additional 300 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Torchmark by 0.3% during the 4th quarter. Prudential Financial Inc. now owns 118,466 shares of the insurance provider’s stock worth $8,829,000 after acquiring an additional 314 shares in the last quarter. 74.66% of the stock is owned by institutional investors and hedge funds.

TMK has been the subject of several research reports. Zacks Investment Research raised shares of Torchmark from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Saturday, January 5th. ValuEngine raised shares of Torchmark from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, JPMorgan Chase & Co. raised shares of Torchmark from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $85.60.

NYSE TMK opened at $83.11 on Friday. The company has a market capitalization of $9.16 billion, a PE ratio of 13.56, a P/E/G ratio of 1.65 and a beta of 1.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.06 and a quick ratio of 0.06. Torchmark Co. has a 12 month low of $69.68 and a 12 month high of $89.62.

Torchmark (NYSE:TMK) last released its quarterly earnings data on Tuesday, February 5th. The insurance provider reported $1.56 EPS for the quarter, meeting the consensus estimate of $1.56. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.09 billion. Torchmark had a return on equity of 12.66% and a net margin of 16.32%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 EPS. On average, sell-side analysts forecast that Torchmark Co. will post 6.61 earnings per share for the current year.

In other news, Chairman Gary L. Coleman sold 13,000 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $83.10, for a total value of $1,080,300.00. Following the completion of the sale, the chairman now owns 662,547 shares of the company’s stock, valued at approximately $55,057,655.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Frank M. Svoboda sold 15,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $82.72, for a total value of $1,240,800.00. Following the completion of the sale, the chief financial officer now directly owns 121,533 shares of the company’s stock, valued at approximately $10,053,209.76. The disclosure for this sale can be found here. In the last three months, insiders sold 52,000 shares of company stock valued at $4,304,340. 3.68% of the stock is currently owned by insiders.

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Torchmark Profile

Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. It operates through four segments: Life Insurance, Health Insurance, Annuity, and Investment. The company offers traditional and interest-sensitive whole life insurance, as well as term life insurance.

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Institutional Ownership by Quarter for Torchmark (NYSE:TMK)

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