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.
COPYRIGHT VIOLATION NOTICE: “Torchmark Corporation (TMK) Shares Bought by WINTON GROUP Ltd” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/12/06/torchmark-corporation-tmk-shares-bought-by-winton-group-ltd.html.
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.
Want to see what other hedge funds are holding TMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Torchmark Corporation (NYSE:TMK).
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.