Keefe, Bruyette & Woods Reiterates “Hold” Rating for Torchmark Corporation (TMK)

Torchmark Corporation (NYSE:TMK)‘s stock had its “hold” rating restated by equities researchers at Keefe, Bruyette & Woods in a research note issued on Sunday. They presently have a $78.00 target price on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential downside of 3.48% from the stock’s current price.

TMK has been the subject of a number of other research reports. BidaskClub raised shares of Torchmark Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded shares of Torchmark Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, Barclays PLC lifted their target price on shares of Torchmark Corporation from $65.00 to $67.00 and gave the stock an “underweight” rating in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Torchmark Corporation has a consensus rating of “Hold” and a consensus target price of $74.40.

Torchmark Corporation (TMK) remained flat at $80.81 during mid-day trading on Friday. 371,872 shares of the company’s stock traded hands. The company has a market capitalization of $9.40 billion, a P/E ratio of 17.38 and a beta of 1.00. The stock’s 50-day moving average is $77.95 and its 200-day moving average is $77.10. Torchmark Corporation has a 12 month low of $62.86 and a 12 month high of $81.17.

Torchmark Corporation (NYSE:TMK) last announced its earnings results on Wednesday, July 26th. The insurance provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. Torchmark Corporation had a net margin of 13.96% and a return on equity of 11.55%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the firm earned $1.11 earnings per share. Torchmark Corporation’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts expect that Torchmark Corporation will post $4.75 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Keefe, Bruyette & Woods Reiterates “Hold” Rating for Torchmark Corporation (TMK)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/08/keefe-bruyette-woods-reiterates-hold-rating-for-torchmark-corporation-tmk.html.

In other Torchmark Corporation news, Chairman Gary L. Coleman sold 37,500 shares of Torchmark Corporation stock in a transaction on Friday, July 28th. The shares were sold at an average price of $78.57, for a total value of $2,946,375.00. Following the completion of the sale, the chairman now directly owns 666,875 shares of the company’s stock, valued at $52,396,368.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Vern D. Herbel sold 27,500 shares of Torchmark Corporation stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $78.62, for a total transaction of $2,162,050.00. Following the completion of the sale, the executive vice president now directly owns 56,943 shares of the company’s stock, valued at $4,476,858.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,821 shares of company stock valued at $10,837,593. Insiders own 3.79% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. increased its stake in Torchmark Corporation by 4.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 14,880 shares of the insurance provider’s stock valued at $1,147,000 after purchasing an additional 610 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Torchmark Corporation by 2,764.7% during the first quarter. BlackRock Inc. now owns 7,478,138 shares of the insurance provider’s stock valued at $576,118,000 after buying an additional 7,217,094 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Torchmark Corporation during the second quarter valued at about $1,727,000. Leith Wheeler Investment Counsel Ltd. grew its holdings in shares of Torchmark Corporation by 21.5% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 19,914 shares of the insurance provider’s stock valued at $1,523,000 after buying an additional 3,520 shares during the last quarter. Finally, Girard Partners LTD. grew its holdings in shares of Torchmark Corporation by 0.3% during the second 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 last quarter. 71.93% of the stock is owned by hedge funds and other institutional

TMK has been the subject of a number of other research reports. BidaskClub raised shares of Torchmark Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded shares of Torchmark Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, Barclays PLC lifted their target price on shares of Torchmark Corporation from $65.00 to $67.00 and gave the stock an “underweight” rating in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Torchmark Corporation has a consensus rating of “Hold” and a consensus target price of $74.40.

Torchmark Corporation (TMK) remained flat at $80.81 during mid-day trading on Friday. 371,872 shares of the company’s stock traded hands. The company has a market capitalization of $9.40 billion, a P/E ratio of 17.38 and a beta of 1.00. The stock’s 50-day moving average is $77.95 and its 200-day moving average is $77.10. Torchmark Corporation has a 12 month low of $62.86 and a 12 month high of $81.17.

Torchmark Corporation (NYSE:TMK) last announced its earnings results on Wednesday, July 26th. The insurance provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. Torchmark Corporation had a net margin of 13.96% and a return on equity of 11.55%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the firm earned $1.11 earnings per share. Torchmark Corporation’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts expect that Torchmark Corporation will post $4.75 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Keefe, Bruyette & Woods Reiterates “Hold” Rating for Torchmark Corporation (TMK)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/08/keefe-bruyette-woods-reiterates-hold-rating-for-torchmark-corporation-tmk.html.

In other Torchmark Corporation news, Chairman Gary L. Coleman sold 37,500 shares of Torchmark Corporation stock in a transaction on Friday, July 28th. The shares were sold at an average price of $78.57, for a total value of $2,946,375.00. Following the completion of the sale, the chairman now directly owns 666,875 shares of the company’s stock, valued at $52,396,368.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Vern D. Herbel sold 27,500 shares of Torchmark Corporation stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $78.62, for a total transaction of $2,162,050.00. Following the completion of the sale, the executive vice president now directly owns 56,943 shares of the company’s stock, valued at $4,476,858.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,821 shares of company stock valued at $10,837,593. Insiders own 3.79% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. increased its stake in Torchmark Corporation by 4.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 14,880 shares of the insurance provider’s stock valued at $1,147,000 after purchasing an additional 610 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Torchmark Corporation by 2,764.7% during the first quarter. BlackRock Inc. now owns 7,478,138 shares of the insurance provider’s stock valued at $576,118,000 after buying an additional 7,217,094 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Torchmark Corporation during the second quarter valued at about $1,727,000. Leith Wheeler Investment Counsel Ltd. grew its holdings in shares of Torchmark Corporation by 21.5% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 19,914 shares of the insurance provider’s stock valued at $1,523,000 after buying an additional 3,520 shares during the last quarter. Finally, Girard Partners LTD. grew its holdings in shares of Torchmark Corporation by 0.3% during the second 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 last quarter. 71.93% of the stock is owned by hedge funds and other institutional investors.

About Torchmark Corporation

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)

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