Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Torchmark Corporation (NYSE:TMK) in a report published on Sunday morning. The firm currently has a $78.00 price objective on the insurance provider’s stock.

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Torchmark Corporation from a buy rating to a hold rating in a research report on Tuesday, September 26th. BidaskClub lowered shares of Torchmark Corporation from a buy rating to a hold rating in a research report on Saturday, August 19th. Finally, Barclays PLC lifted their price target on shares of Torchmark Corporation from $65.00 to $67.00 and gave the stock an underweight rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $74.40.

Shares of Torchmark Corporation (NYSE:TMK) opened at 80.81 on Friday. Torchmark Corporation has a 12-month low of $62.86 and a 12-month high of $81.17. The firm has a market cap of $9.40 billion, a PE ratio of 17.38 and a beta of 1.00. The company has a 50 day moving average price of $77.95 and a 200-day moving average price of $77.10.

Torchmark Corporation (NYSE:TMK) last posted its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.02. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Torchmark Corporation had a net margin of 13.96% and a return on equity of 11.55%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 earnings per share. Analysts expect that Torchmark Corporation will post $4.75 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Torchmark Corporation’s (TMK) “Hold” Rating Reaffirmed at Keefe, Bruyette & Woods” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/torchmark-corporations-tmk-hold-rating-reaffirmed-at-keefe-bruyette-woods/1619442.html.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, October 6th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, October 5th. Torchmark Corporation’s payout ratio is 12.88%.

In other Torchmark Corporation news, Chairman Gary L. Coleman sold 37,500 shares of Torchmark Corporation stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $78.57, for a total transaction of $2,946,375.00. Following the transaction, the chairman now directly owns 666,875 shares in the company, valued at approximately $52,396,368.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Arvelia Bowie sold 16,875 shares of Torchmark Corporation stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $78.45, for a total transaction of $1,323,843.75. Following the transaction, the vice president now owns 17,941 shares in the company, valued at $1,407,471.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,821 shares of company stock worth $10,837,593. Corporate insiders own 3.79% of the company’s stock.

Several large investors have recently modified their holdings of the business. Girard Partners LTD. boosted its stake in shares of 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 buying an additional 12 shares during the period. Wetherby Asset Management Inc. boosted its stake in shares of Torchmark Corporation by 0.6% during the 2nd quarter. Wetherby Asset Management Inc. now owns 4,346 shares of the insurance provider’s stock valued at $332,000 after buying an additional 27 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Torchmark Corporation by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 10,455 shares of the insurance provider’s stock valued at $800,000 after buying an additional 59 shares during the period. Sentry Investment Management LLC boosted its stake in shares of Torchmark Corporation by 2.0% during the 2nd quarter. Sentry Investment Management LLC now owns 4,750 shares of the insurance provider’s stock valued at $363,000 after buying an additional 91 shares during the period. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Torchmark Corporation by 3.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,140 shares of the insurance provider’s stock valued at $317,000 after buying an additional 120 shares during the period. 71.93% of the stock is owned by institutional investors.

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.

Analyst Recommendations 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.