Torchmark Co. (TMK) Shares Bought by Montag A & Associates Inc.

Montag A & Associates Inc. grew its stake in Torchmark Co. (NYSE:TMK) by 19.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,009 shares of the insurance provider’s stock after purchasing an additional 1,312 shares during the quarter. Montag A & Associates Inc.’s holdings in Torchmark were worth $726,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in shares of Torchmark in the fourth quarter valued at about $149,000. Fuller & Thaler Asset Management Inc. grew its position in shares of Torchmark by 63.6% in the third 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 during the period. Cerebellum GP LLC acquired a new stake in shares of Torchmark in the fourth quarter valued at about $173,000. Invictus RG acquired a new stake in shares of Torchmark in the third quarter valued at about $165,000. Finally, YCG LLC acquired a new stake in shares of Torchmark in the fourth quarter valued at about $204,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Torchmark Co. (TMK) opened at $86.65 on Friday. 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 firm has a market cap of $9,942.28, a PE ratio of 7.05, a PEG ratio of 1.99 and a beta of 0.93. Torchmark Co. has a 52 week low of $73.99 and a 52 week high of $93.60.

Torchmark (NYSE:TMK) last posted its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.01. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Torchmark had a net margin of 34.99% and a return on equity of 11.49%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $1.15 earnings per share. research analysts anticipate that Torchmark Co. will post 6.03 EPS for the current year.

Several brokerages have recently issued reports on TMK. Wells Fargo & Co set a $78.00 target price on shares of Torchmark and gave the company a “sell” rating in a research report on Wednesday, February 7th. ValuEngine upgraded shares of Torchmark from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Torchmark from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Thursday, January 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $83.00 target price on shares of Torchmark in a research report on Friday, November 10th. Finally, SunTrust Banks lifted 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Torchmark currently has a consensus rating of “Hold” and a consensus price target of $83.17.

In other news, EVP James Matthew Darden sold 12,750 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $90.89, for a total value of $1,158,847.50. Following the transaction, the executive vice president now directly owns 16,500 shares of the company’s stock, valued at $1,499,685. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kenneth J. Matson sold 28,500 shares of the firm’s 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 completion of the transaction, the insider now directly owns 15,056 shares in the company, valued at $1,367,235.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,250 shares of company stock worth $6,466,133. Insiders own 3.79% of the company’s stock.

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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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