Torchmark Corporation (TMK) Shares Sold by Nationwide Fund Advisors

Nationwide Fund Advisors trimmed its stake in Torchmark Corporation (NYSE:TMK) by 4.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 44,997 shares of the insurance provider’s stock after selling 1,926 shares during the period. Nationwide Fund Advisors’ holdings in Torchmark Corporation were worth $3,442,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Global X Management Co. LLC raised its stake in shares of Torchmark Corporation by 539.3% in the 1st quarter. Global X Management Co. LLC now owns 2,506 shares of the insurance provider’s stock valued at $193,000 after acquiring an additional 2,114 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of Torchmark Corporation in the 1st quarter valued at approximately $205,000. Twin Tree Management LP purchased a new stake in shares of Torchmark Corporation in the 2nd quarter valued at approximately $213,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Torchmark Corporation by 21.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,942 shares of the insurance provider’s stock valued at $225,000 after acquiring an additional 515 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Torchmark Corporation by 46.3% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,072 shares of the insurance provider’s stock valued at $237,000 after acquiring an additional 972 shares during the period. 71.93% of the stock is currently owned by institutional investors and hedge funds.

TMK has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Torchmark Corporation from a “sell” rating to a “hold” rating and set a $88.00 price target on the stock in a research note on Friday, July 28th. Barclays PLC boosted their price target on shares of Torchmark Corporation from $65.00 to $67.00 and gave the company an “underweight” rating in a research note on Friday, August 11th. BidaskClub raised shares of Torchmark Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $78.00 price target on shares of Torchmark Corporation in a research note on Sunday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Torchmark Corporation has a consensus rating of “Hold” and an average price target of $74.40.

Shares of Torchmark Corporation (NYSE:TMK) opened at 80.53 on Tuesday. The company’s 50-day moving average is $78.06 and its 200 day moving average is $77.13. The stock has a market capitalization of $9.37 billion, a P/E ratio of 17.32 and a beta of 1.00. Torchmark Corporation has a 52 week low of $62.86 and a 52 week high of $81.17.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 6th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.60 annualized dividend and a yield of 0.75%. Torchmark Corporation’s payout ratio is 12.88%.

In related news, VP Arvelia Bowie sold 16,875 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $78.45, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven John Dichiaro sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $79.02, for a total transaction of $1,027,260.00. Following the completion of the transaction, the insider now owns 21,360 shares in the company, valued at approximately $1,687,867.20. The disclosure for this sale can be found here. Insiders sold 137,821 shares of company stock worth $10,837,593 in the last 90 days. 3.79% of the stock is currently owned by insiders.

TRADEMARK VIOLATION NOTICE: “Torchmark Corporation (TMK) Shares Sold by Nationwide Fund Advisors” was first reported by The Ledger Gazette and is the property of

Other institutional investors also recently added to or reduced their stakes in the company. Global X Management Co. LLC raised its stake in shares of Torchmark Corporation by 539.3% in the 1st quarter. Global X Management Co. LLC now owns 2,506 shares of the insurance provider’s stock valued at $193,000 after acquiring an additional 2,114 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of Torchmark Corporation in the 1st quarter valued at approximately $205,000. Twin Tree Management LP purchased a new stake in shares of Torchmark Corporation in the 2nd quarter valued at approximately $213,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Torchmark Corporation by 21.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,942 shares of the insurance provider’s stock valued at $225,000 after acquiring an additional 515 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Torchmark Corporation by 46.3% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,072 shares of the insurance provider’s stock valued at $237,000 after acquiring an additional 972 shares during the period. 71.93% of the stock is currently owned by institutional investors and hedge funds.

TMK has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Torchmark Corporation from a “sell” rating to a “hold” rating and set a $88.00 price target on the stock in a research note on Friday, July 28th. Barclays PLC boosted their price target on shares of Torchmark Corporation from $65.00 to $67.00 and gave the company an “underweight” rating in a research note on Friday, August 11th. BidaskClub raised shares of Torchmark Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $78.00 price target on shares of Torchmark Corporation in a research note on Sunday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Torchmark Corporation has a consensus rating of “Hold” and an average price target of $74.40.

Shares of Torchmark Corporation (NYSE:TMK) opened at 80.53 on Tuesday. The company’s 50-day moving average is $78.06 and its 200 day moving average is $77.13. The stock has a market capitalization of $9.37 billion, a P/E ratio of 17.32 and a beta of 1.00. Torchmark Corporation has a 52 week low of $62.86 and a 52 week high of $81.17.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 6th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.60 annualized dividend and a yield of 0.75%. Torchmark Corporation’s payout ratio is 12.88%.

In related news, VP Arvelia Bowie sold 16,875 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $78.45, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven John Dichiaro sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $79.02, for a total transaction of $1,027,260.00. Following the completion of the transaction, the insider now owns 21,360 shares in the company, valued at approximately $1,687,867.20. The disclosure for this sale can be found here. Insiders sold 137,821 shares of company stock worth $10,837,593 in the last 90 days. 3.79% of the stock is currently owned by insiders.

TRADEMARK VIOLATION NOTICE: “Torchmark Corporation (TMK) Shares Sold by Nationwide Fund Advisors” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/10/torchmark-corporation-tmk-shares-sold-by-nationwide-fund-advisors.html.

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.

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

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