Torchmark Corporation (TMK) EVP Sells $2,097,250.00 in Stock

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%.

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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.

Insider Buying and Selling by Quarter for Torchmark Corporation (NYSE:TMK)

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