Gillson Capital LP raised its position in shares of Torchmark Co. (NYSE:TMK) by 40.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 222,540 shares of the insurance provider’s stock after purchasing an additional 63,672 shares during the quarter. Torchmark accounts for about 3.4% of Gillson Capital LP’s investment portfolio, making the stock its 10th biggest holding. Gillson Capital LP owned 0.19% of Torchmark worth $20,187,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in shares of Torchmark by 9.5% during the third quarter. First Trust Advisors LP now owns 162,724 shares of the insurance provider’s stock valued at $13,033,000 after buying an additional 14,109 shares during the last quarter. Pictet Asset Management Ltd. increased its position in Torchmark by 20.3% during the third quarter. Pictet Asset Management Ltd. now owns 129,908 shares of the insurance provider’s stock valued at $10,404,000 after acquiring an additional 21,900 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Torchmark by 0.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 194,705 shares of the insurance provider’s stock valued at $15,594,000 after acquiring an additional 976 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Torchmark by 9.0% during the third 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 during the last quarter. Finally, State of Wisconsin Investment Board increased its position in Torchmark by 6.7% during the third quarter. State of Wisconsin Investment Board now owns 88,891 shares of the insurance provider’s stock valued at $7,119,000 after acquiring an additional 5,548 shares during the last quarter. Institutional investors and hedge funds own 74.74% of the company’s stock.
Shares of Torchmark Co. (TMK) traded down $1.14 during trading hours on Wednesday, hitting $85.24. The stock had a trading volume of 488,909 shares, compared to its average volume of 674,228. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.18. The stock has a market cap of $9,927.41, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.97. Torchmark Co. has a 52-week low of $73.99 and a 52-week high of $93.60.
Torchmark (NYSE:TMK) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.01. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Torchmark had a return on equity of 10.81% and a net margin of 34.99%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the company earned $1.15 EPS. analysts forecast that Torchmark Co. will post 6.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 3rd will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Monday, April 2nd. This is a boost from Torchmark’s previous quarterly dividend of $0.15. Torchmark’s dividend payout ratio (DPR) is presently 4.88%.
TMK has been the subject of a number of recent analyst reports. Wells Fargo & Co set a $78.00 target price on shares of Torchmark and gave the company a “sell” rating in a research note on Wednesday, February 7th. Zacks Investment Research lowered shares of Torchmark from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine raised shares of Torchmark from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, UBS Group assumed coverage on shares of Torchmark in a research report on Friday, March 2nd. They set a “sell” rating and a $83.00 price target for the company. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Torchmark presently has an average rating of “Hold” and an average target price of $83.14.
In other Torchmark news, CFO Frank M. Svoboda sold 12,375 shares of Torchmark stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $86.88, for a total transaction of $1,075,140.00. Following the transaction, the chief financial officer now owns 105,828 shares of the company’s stock, valued at $9,194,336.64. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Gary L. Coleman sold 24,000 shares of Torchmark stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $86.25, for a total value of $2,070,000.00. The disclosure for this sale can be found here. Insiders sold a total of 144,525 shares of company stock valued at $12,841,853 in the last quarter. Company insiders own 3.79% of the company’s stock.
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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