Torchmark (NYSE:TMK) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $6.61-6.75 for the period, compared to the Thomson Reuters consensus estimate of $6.59.

Shares of TMK stock traded down $0.84 during mid-day trading on Wednesday, reaching $86.26. 702,302 shares of the company’s stock traded hands, compared to its average volume of 513,722. Torchmark has a 12 month low of $69.68 and a 12 month high of $89.62. The stock has a market cap of $9.50 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.25.

Torchmark (NYSE:TMK) last announced its earnings results on Tuesday, February 5th. The insurance provider reported $1.56 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.56. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Torchmark had a net margin of 16.32% and a return on equity of 12.66%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.24 EPS. On average, sell-side analysts forecast that Torchmark will post 6.6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 5th will be paid a $0.1725 dividend. This is a boost from Torchmark’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, April 4th. This represents a $0.69 dividend on an annualized basis and a yield of 0.80%. Torchmark’s payout ratio is presently 11.26%.

A number of equities analysts recently issued reports on TMK shares. ValuEngine upgraded shares of Torchmark from a sell rating to a hold rating in a research note on Wednesday, January 2nd. JPMorgan Chase & Co. upgraded shares of Torchmark from a neutral rating to an overweight rating in a research note on Wednesday, January 2nd. Finally, Zacks Investment Research cut shares of Torchmark from a buy rating to a hold rating in a research note on Monday, December 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $82.75.

In other Torchmark news, Chairman Gary L. Coleman sold 13,000 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $83.10, for a total transaction of $1,080,300.00. Following the transaction, the chairman now owns 662,547 shares in the company, valued at approximately $55,057,655.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kenneth J. Matson sold 8,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $81.16, for a total transaction of $649,280.00. Following the transaction, the insider now owns 25,434 shares in the company, valued at approximately $2,064,223.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,010 shares of company stock worth $7,612,561. 3.64% of the stock is currently owned by company insiders.

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About Torchmark

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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Earnings History and Estimates for Torchmark (NYSE:TMK)

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