Torchmark Corporation (TMK) Holdings Trimmed by Colony Group LLC
Colony Group LLC trimmed its position in Torchmark Corporation (NYSE:TMK) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,720 shares of the insurance provider’s stock after selling 729 shares during the quarter. Colony Group LLC’s holdings in Torchmark were worth $1,980,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Girard Partners LTD. boosted its holdings in Torchmark by 0.3% in the 2nd quarter. Girard Partners LTD. now owns 3,844 shares of the insurance provider’s stock valued at $294,000 after purchasing an additional 12 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in Torchmark by 0.6% in the 2nd quarter. Wetherby Asset Management Inc. now owns 4,346 shares of the insurance provider’s stock valued at $332,000 after purchasing an additional 27 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in Torchmark by 2.0% in the 2nd quarter. Sentry Investment Management LLC now owns 4,750 shares of the insurance provider’s stock valued at $363,000 after purchasing an additional 91 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Torchmark by 3.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,140 shares of the insurance provider’s stock valued at $317,000 after acquiring an additional 120 shares during the period. Finally, Flinton Capital Management LLC raised its stake in shares of Torchmark by 1.4% in the 2nd quarter. Flinton Capital Management LLC now owns 16,528 shares of the insurance provider’s stock valued at $1,264,000 after acquiring an additional 224 shares during the period. Institutional investors own 72.69% of the company’s stock.
In related news, Chairman Gary L. Coleman sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $83.28, for a total transaction of $3,123,000.00. Following the sale, the chairman now directly owns 666,875 shares of the company’s stock, valued at approximately $55,537,350. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul J. Zucconi sold 595 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $85.07, for a total transaction of $50,616.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,085 shares of company stock worth $13,701,414. 3.79% of the stock is owned by insiders.
TMK has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $83.00 price target on shares of Torchmark in a research note on Friday, November 10th. Zacks Investment Research downgraded shares of Torchmark from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. SunTrust Banks boosted their price target on shares of Torchmark from $75.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, BidaskClub downgraded shares of Torchmark from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Two 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 currently has a consensus rating of “Hold” and a consensus price target of $78.86.
Torchmark Corporation (NYSE:TMK) traded down $0.46 during trading on Thursday, hitting $89.31. 769,800 shares of the stock were exchanged, compared to its average volume of 443,367. The stock has a market cap of $10,363.66, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 2.61 and a beta of 1.02. Torchmark Corporation has a twelve month low of $72.59 and a twelve month high of $90.35. 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 (NYSE:TMK) last announced its earnings results on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.03. Torchmark had a net margin of 13.80% and a return on equity of 11.60%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm earned $1.15 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. equities research analysts forecast that Torchmark Corporation will post 4.8 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, January 5th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, January 4th. Torchmark’s payout ratio is currently 12.77%.
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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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