Torchmark Corporation (NYSE:TMK) EVP Vern D. Herbel sold 25,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.89, for a total value of $2,097,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Torchmark Corporation (NYSE:TMK) opened at $85.01 on Friday. Torchmark Corporation has a 12 month low of $69.15 and a 12 month high of $86.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.06 and a current ratio of 0.06. The stock has a market capitalization of $9,833.76, a PE ratio of 18.01, a P/E/G ratio of 2.47 and a beta of 1.00.
Torchmark Corporation (NYSE:TMK) last issued its quarterly 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 return on equity of 11.60% and a net margin of 13.80%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. equities analysts anticipate that Torchmark Corporation will post 4.8 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, January 5th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, January 4th. This represents a $0.60 annualized dividend and a yield of 0.71%. Torchmark Corporation’s dividend payout ratio is 12.77%.
TRADEMARK VIOLATION WARNING: This article was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://ledgergazette.com/2017/11/17/torchmark-corporation-tmk-evp-sells-2097250-00-in-stock.html.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tiedemann Wealth Management LLC grew its stake in shares of Torchmark Corporation by 8.0% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 16,147 shares of the insurance provider’s stock valued at $127,000 after purchasing an additional 1,201 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Torchmark Corporation by 63.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the insurance provider’s stock valued at $144,000 after purchasing an additional 700 shares during the period. Invictus RG bought a new stake in shares of Torchmark Corporation in the 3rd quarter valued at approximately $165,000. Assetmark Inc. grew its stake in shares of Torchmark Corporation by 7,975.0% in the 3rd quarter. Assetmark Inc. now owns 2,261 shares of the insurance provider’s stock valued at $181,000 after purchasing an additional 2,233 shares during the period. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of Torchmark Corporation in the 3rd quarter valued at approximately $205,000. Hedge funds and other institutional investors own 72.69% of the company’s stock.
A number of equities analysts have recently commented on TMK shares. Zacks Investment Research upgraded Torchmark Corporation from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Tuesday, August 29th. BidaskClub upgraded Torchmark Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $78.00 price objective on shares of Torchmark Corporation in a research note on Thursday, August 3rd. 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 currently has a consensus rating of “Hold” and an average target price of $78.86.
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.
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 MarketBeat.com's FREE daily email newsletter.