Torchmark (NYSE:TMK) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.90-6.10 for the period, compared to the Thomson Reuters consensus estimate of $5.97.
A number of research firms recently weighed in on TMK. Wells Fargo & Co set a $78.00 price target on Torchmark and gave the stock a sell rating in a report on Wednesday, February 7th. ValuEngine raised Torchmark from a hold rating to a buy rating in a report on Friday, February 2nd. Zacks Investment Research raised Torchmark from a hold rating to a buy rating and set a $103.00 price target for the company in a report on Thursday, January 11th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $83.00 price target on shares of Torchmark in a report on Friday, November 10th. Finally, SunTrust Banks increased their price target on Torchmark from $75.00 to $85.00 and gave the company a hold rating in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $83.17.
Torchmark (NYSE TMK) traded down $0.28 on Thursday, hitting $86.02. The stock had a trading volume of 312,702 shares, compared to its average volume of 696,667. Torchmark has a 1-year low of $73.99 and a 1-year high of $93.60. The stock has a market capitalization of $9,702.15, a price-to-earnings ratio of 7.02, a P/E/G ratio of 1.94 and a beta of 0.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.06 and a current ratio of 0.06.
Torchmark (NYSE:TMK) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.01. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.15 earnings per share. research analysts expect that Torchmark will post 6.03 earnings per share for the current year.
In other news, insider Kenneth J. Matson sold 28,500 shares of Torchmark stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $90.81, for a total transaction of $2,588,085.00. Following the sale, the insider now owns 15,056 shares in the company, valued at $1,367,235.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Roger C. Smith sold 30,000 shares of Torchmark stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $90.64, for a total value of $2,719,200.00. Following the sale, the insider now owns 65,685 shares in the company, valued at approximately $5,953,688.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,250 shares of company stock worth $6,466,133. 3.79% of the stock is owned by insiders.
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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