Torchmark Corporation (TMK) Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd increased its holdings in Torchmark Corporation (NYSE:TMK) by 36.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,793 shares of the insurance provider’s stock after acquiring an additional 3,669 shares during the quarter. WINTON GROUP Ltd’s holdings in Torchmark were worth $1,105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TMK. Fuller & Thaler Asset Management Inc. boosted its position in Torchmark by 63.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the insurance provider’s stock worth $144,000 after purchasing an additional 700 shares during the last quarter. Assetmark Inc. increased its stake in Torchmark by 7,975.0% in the 3rd quarter. Assetmark Inc. now owns 2,261 shares of the insurance provider’s stock worth $181,000 after acquiring an additional 2,233 shares during the last quarter. ZWJ Investment Counsel Inc. bought a new stake in Torchmark in the 3rd quarter worth approximately $205,000. Twin Tree Management LP bought a new position in shares of Torchmark during the 2nd quarter valued at approximately $213,000. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of Torchmark by 21.2% during 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 purchasing an additional 515 shares during the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

In other news, EVP W Michael Pressley sold 52,500 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $83.93, for a total transaction of $4,406,325.00. Following the transaction, the executive vice president now owns 105,948 shares of the company’s stock, valued at $8,892,215.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Roger C. Smith sold 30,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $84.50, for a total transaction of $2,535,000.00. Following the completion of the transaction, the insider now directly owns 65,685 shares in the company, valued at approximately $5,550,382.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 163,085 shares of company stock worth $13,701,414. Corporate insiders own 3.79% of the company’s stock.

Torchmark Corporation (TMK) traded down $0.40 during midday trading on Wednesday, reaching $89.00. The company’s stock had a trading volume of 531,200 shares, compared to its average volume of 441,465. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.06 and a quick ratio of 0.06. Torchmark Corporation has a 52 week low of $71.23 and a 52 week high of $90.32. The firm has a market cap of $10,320.94, a PE ratio of 18.90, a price-to-earnings-growth ratio of 2.60 and a beta of 1.02.

Torchmark (NYSE:TMK) last released its quarterly earnings results on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Torchmark had a return on equity of 11.60% and a net margin of 13.80%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 EPS. research analysts predict that Torchmark Corporation will post 4.8 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, January 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Thursday, January 4th. Torchmark’s dividend payout ratio is presently 12.77%.

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $83.00 target price on shares of Torchmark in a research report on Friday, November 10th. Zacks Investment Research lowered Torchmark from a “buy” rating to a “hold” rating in a report on Monday, September 11th. SunTrust Banks raised their target price on Torchmark from $75.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Barclays raised their target price on Torchmark from $65.00 to $67.00 and gave the company an “underweight” rating in a research report on Friday, August 11th. Finally, BidaskClub downgraded Torchmark from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Torchmark currently has an average rating of “Hold” and a consensus target price of $78.86.

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Torchmark 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.

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Institutional Ownership by Quarter for Torchmark (NYSE:TMK)

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