IFM Investors Pty Ltd bought a new position in shares of Torchmark Corporation (NYSE:TMK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,621 shares of the insurance provider’s stock, valued at approximately $290,000.
Other large investors have also modified their holdings of the company. OMERS ADMINISTRATION Corp purchased a new stake in shares of Torchmark in the 2nd quarter valued at approximately $1,727,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Torchmark by 9.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,448 shares of the insurance provider’s stock valued at $1,397,000 after acquiring an additional 1,446 shares in the last quarter. BlueMountain Capital Management LLC lifted its position in shares of Torchmark by 99.5% in the 2nd quarter. BlueMountain Capital Management LLC now owns 38,259 shares of the insurance provider’s stock valued at $2,927,000 after acquiring an additional 19,085 shares in the last quarter. APG Asset Management N.V. lifted its position in shares of Torchmark by 33.0% in the 3rd quarter. APG Asset Management N.V. now owns 53,230 shares of the insurance provider’s stock valued at $4,263,000 after acquiring an additional 13,200 shares in the last quarter. Finally, SPF Beheer BV lifted its position in shares of Torchmark by 6.4% in the 3rd quarter. SPF Beheer BV now owns 906,971 shares of the insurance provider’s stock valued at $72,639,000 after acquiring an additional 54,934 shares in the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Torchmark from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Goldman Sachs Group assumed coverage on shares of Torchmark in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $83.00 price target for the company. SunTrust Banks upped their price target on shares of Torchmark from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $83.00 price target on shares of Torchmark in a research report on Friday, November 10th. Two 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 an average rating of “Hold” and an average target price of $78.86.
Shares of Torchmark Corporation (NYSE:TMK) opened at $89.61 on Monday. Torchmark Corporation has a 12-month low of $72.59 and a 12-month high of $90.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market cap of $10,345.21, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 2.60 and a beta of 1.02.
Torchmark (NYSE:TMK) last released its earnings results on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. Torchmark had a net margin of 13.80% and a return on equity of 11.60%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. equities analysts expect that Torchmark Corporation will post 4.8 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, January 5th will be given a $0.15 dividend. The ex-dividend date is Thursday, January 4th. This represents a $0.60 dividend on an annualized basis and a yield of 0.67%. Torchmark’s payout ratio is 12.77%.
In other news, EVP Vern D. Herbel sold 25,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.89, for a total transaction of $2,097,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP James Eric Mcpartland sold 5,115 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $85.56, for a total transaction of $437,639.40. Following the transaction, the executive vice president now owns 7,000 shares in the company, valued at approximately $598,920. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,085 shares of company stock valued at $13,701,414. Insiders own 3.79% of the company’s stock.
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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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