Torchmark Corporation (TMK) EVP Sells $437,639.40 in Stock
Torchmark Corporation (NYSE:TMK) EVP James Eric Mcpartland sold 5,115 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $85.56, for a total value of $437,639.40. Following the completion of the sale, the executive vice president now owns 7,000 shares of the company’s stock, valued at $598,920. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Torchmark Corporation (NYSE:TMK) opened at $84.26 on Friday. The firm has a market capitalization of $9,755.25, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 2.45 and a beta of 1.00. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.22. Torchmark Corporation has a fifty-two week low of $69.09 and a fifty-two week high of $86.50.
Torchmark Corporation (NYSE:TMK) last posted its quarterly earnings results on Tuesday, October 24th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. Torchmark Corporation had a return on equity of 11.60% and a net margin of 13.80%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm earned $1.15 EPS. Torchmark Corporation’s revenue was up 5.7% on a year-over-year basis. equities research analysts anticipate that Torchmark Corporation will post 4.8 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, October 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.71%. Torchmark Corporation’s dividend payout ratio (DPR) is currently 12.77%.
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Several institutional investors have recently bought and sold shares of TMK. OppenheimerFunds Inc. raised its holdings in shares of Torchmark Corporation by 4.4% during the 1st quarter. OppenheimerFunds Inc. now owns 7,325 shares of the insurance provider’s stock worth $564,000 after buying an additional 310 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Torchmark Corporation by 4.5% during the 1st quarter. Teachers Advisors LLC now owns 153,276 shares of the insurance provider’s stock worth $11,808,000 after buying an additional 6,543 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of Torchmark Corporation by 4.4% during the 1st quarter. Thrivent Financial For Lutherans now owns 4,020 shares of the insurance provider’s stock worth $310,000 after buying an additional 170 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Torchmark Corporation by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 686,462 shares of the insurance provider’s stock worth $52,885,000 after buying an additional 6,316 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Torchmark Corporation by 4.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 14,880 shares of the insurance provider’s stock worth $1,147,000 after buying an additional 610 shares in the last quarter. 72.19% of the stock is owned by institutional investors.
TMK has been the subject of several recent research reports. Zacks Investment Research downgraded Torchmark Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $78.00 price objective on shares of Torchmark Corporation in a report on Sunday, October 8th. BidaskClub cut Torchmark Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, SunTrust Banks, Inc. lifted their price objective on Torchmark Corporation from $75.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $78.86.
Torchmark Corporation Company Profile
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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