Teacher Retirement System of Texas increased its stake in Torchmark Corporation (NYSE:TMK) by 739.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,980 shares of the insurance provider’s stock after purchasing an additional 124,193 shares during the period. Teacher Retirement System of Texas owned 0.12% of Torchmark Corporation worth $11,291,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OMERS ADMINISTRATION Corp acquired a new stake in Torchmark Corporation during the 2nd quarter valued at approximately $1,727,000. BlueMountain Capital Management LLC lifted its stake in Torchmark Corporation by 99.5% during the 2nd quarter. BlueMountain Capital Management LLC now owns 38,259 shares of the insurance provider’s stock valued at $2,927,000 after acquiring an additional 19,085 shares during the period. Girard Partners LTD. lifted its stake in Torchmark Corporation by 0.3% during the 2nd quarter. Girard Partners LTD. now owns 3,844 shares of the insurance provider’s stock valued at $294,000 after acquiring an additional 12 shares during the period. Laurion Capital Management LP acquired a new stake in Torchmark Corporation during the 2nd quarter valued at approximately $4,447,000. Finally, State of Wisconsin Investment Board lifted its stake in Torchmark Corporation by 9.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 83,343 shares of the insurance provider’s stock valued at $6,376,000 after acquiring an additional 6,860 shares during the period. Institutional investors and hedge funds own 72.69% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Torchmark Corporation (TMK) Position Increased by Teacher Retirement System of Texas” was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.watchlistnews.com/torchmark-corporation-tmk-position-increased-by-teacher-retirement-system-of-texas/1711878.html.

Torchmark Corporation (TMK) opened at $85.44 on Friday. 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 12 month low of $69.32 and a 12 month high of $86.50. The stock has a market cap of $9,860.00, a price-to-earnings ratio of 18.01, a P/E/G ratio of 2.47 and a beta of 1.01.

Torchmark Corporation (NYSE:TMK) last posted its earnings results on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.03. Torchmark Corporation had a net margin of 13.80% and a return on equity of 11.60%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business posted $1.15 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. research analysts anticipate that Torchmark Corporation will post 4.8 earnings per share for the current year.

The company 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 $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, January 4th. Torchmark Corporation’s dividend payout ratio is currently 12.93%.

In related news, Chairman Gary L. Coleman sold 37,500 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $83.28, for a total value of $3,123,000.00. Following the completion of the transaction, the chairman now directly owns 666,875 shares in the company, valued at approximately $55,537,350. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $437,639.40. Following the completion of the transaction, the executive vice president now owns 7,000 shares of the company’s stock, valued at $598,920. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,085 shares of company stock valued at $13,701,414. Company insiders own 3.79% of the company’s stock.

Several analysts have commented on the stock. BidaskClub cut shares of Torchmark Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods restated a “hold” rating and set a $78.00 price objective on shares of Torchmark Corporation in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of Torchmark Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Finally, SunTrust Banks, Inc. lifted their price objective on shares of Torchmark Corporation from $75.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $78.86.

Torchmark Corporation 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.

Want to see what other hedge funds are holding TMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Torchmark Corporation (NYSE:TMK).

Institutional Ownership by Quarter for Torchmark Corporation (NYSE:TMK)

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.