Torchmark (TMK) Rating Increased to Buy at ValuEngine

Torchmark (NYSE:TMK) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Other analysts also recently issued reports about the company. Wells Fargo set a $78.00 price target on Torchmark and gave the stock a “sell” rating in a research report on Wednesday, February 7th. Zacks Investment Research upgraded Torchmark from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Thursday, January 11th. Morgan Stanley decreased their target price on Torchmark from $84.00 to $82.00 and set an “underweight” rating for the company in a research report on Thursday, April 5th. Bank of America started coverage on Torchmark in a research report on Monday, March 26th. They set a “buy” rating and a $97.00 target price for the company. Finally, UBS started coverage on Torchmark in a research report on Friday, March 2nd. They set a “sell” rating and a $83.00 target price for the company. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $84.56.

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Shares of TMK opened at $87.18 on Thursday. The firm has a market capitalization of $9,777.96, a P/E ratio of 18.09, a P/E/G ratio of 1.34 and a beta of 0.95. Torchmark has a 52-week low of $73.99 and a 52-week high of $93.60. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.18.

Torchmark (NYSE:TMK) last issued its quarterly earnings results on Wednesday, April 18th. The insurance provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.02. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Torchmark had a return on equity of 11.05% and a net margin of 35.56%. During the same period last year, the company earned $1.15 earnings per share. sell-side analysts anticipate that Torchmark will post 6.03 earnings per share for the current fiscal year.

In other news, CFO Frank M. Svoboda sold 12,375 shares of the firm’s stock in a transaction 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 in the company, valued at $9,194,336.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Gary L. Coleman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $84.08, for a total value of $420,400.00. Following the transaction, the chairman now owns 654,547 shares in the company, valued at approximately $55,034,311.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,275 shares of company stock valued at $6,796,120. Corporate insiders own 3.68% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in shares of Torchmark during the fourth quarter valued at $149,000. Cerebellum GP LLC purchased a new position in shares of Torchmark during the fourth quarter valued at $173,000. YCG LLC purchased a new position in shares of Torchmark during the fourth quarter valued at $204,000. Capital Management Corp VA purchased a new position in shares of Torchmark during the fourth quarter valued at $204,000. Finally, CNB Bank purchased a new position in shares of Torchmark during the fourth quarter valued at $204,000. Hedge funds and other institutional investors own 74.78% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Torchmark (NYSE:TMK)

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