Torchmark Corporation (NYSE:TMK) – Equities researchers at Langen Mcalenn boosted their FY2018 earnings per share (EPS) estimates for Torchmark in a research report issued on Tuesday. Langen Mcalenn analyst R. Glasspiegel now expects that the insurance provider will post earnings of $6.00 per share for the year, up from their previous forecast of $5.20.
Torchmark (NYSE:TMK) last released its quarterly earnings results on Tuesday, October 24th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.20 by $0.03. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Torchmark had a net margin of 13.80% and a return on equity of 11.60%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.15 earnings per share.
A number of other equities analysts have also issued reports on TMK. Zacks Investment Research lowered shares of Torchmark from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $78.00 target price on shares of Torchmark in a research report on Sunday, October 8th. Goldman Sachs Group initiated coverage on shares of Torchmark in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $83.00 target price for the company. SunTrust Banks increased their target price 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, ValuEngine upgraded shares of Torchmark from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One analyst has 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 stock has an average rating of “Hold” and a consensus target price of $81.67.
Torchmark (TMK) opened at $92.15 on Friday. The stock has a market cap of $10,640.00, a PE ratio of 19.86, a P/E/G ratio of 2.20 and a beta of 1.02. 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 has a 12-month low of $72.59 and a 12-month high of $93.34.
Several large investors have recently bought and sold shares of TMK. Tiedemann Wealth Management LLC boosted its position in shares of Torchmark by 8.0% during 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 in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Torchmark by 63.6% during 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 in the last quarter. Invictus RG bought a new position in shares of Torchmark during the 3rd quarter valued at about $165,000. Assetmark Inc. boosted its position in shares of Torchmark by 7,975.0% during 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 in the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new position in shares of Torchmark during the 3rd quarter valued at about $205,000. Institutional investors own 72.63% of the company’s stock.
In other news, Chairman Gary L. Coleman sold 37,500 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $83.28, for a total transaction of $3,123,000.00. Following the completion of the transaction, the chairman now owns 666,875 shares in the company, valued at approximately $55,537,350. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kenneth J. Matson sold 28,500 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $90.81, for a total transaction of $2,588,085.00. Following the transaction, the insider now owns 15,056 shares of the company’s stock, valued at approximately $1,367,235.36. The disclosure for this sale can be found here. Insiders sold a total of 234,335 shares of company stock valued at $20,167,546 in the last quarter. 3.79% of the stock is currently owned by insiders.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors 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 0.65%. Torchmark’s dividend payout ratio is presently 12.93%.
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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