Analysts at Credit Suisse Group AG started coverage on shares of Torchmark Corp. (NYSE:TMK) in a research note issued to investors on Friday. The firm set a “neutral” rating on the stock.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Torchmark Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Co. reiterated an “underperform” rating on shares of Torchmark Corp. in a research note on Friday, September 23rd. RBC Capital Markets reiterated an “underperform” rating and set a $55.00 price objective (up from $53.00) on shares of Torchmark Corp. in a research note on Monday, August 1st. Royal Bank Of Canada lifted their price objective on shares of Torchmark Corp. from $53.00 to $55.00 and gave the stock an “underperform” rating in a research note on Monday, August 1st. Finally, Deutsche Bank AG boosted their target price on shares of Torchmark Corp. from $56.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, July 29th. Five research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $58.36.

Shares of Torchmark Corp. (NYSE:TMK) opened at 64.38 on Friday. The firm has a 50-day moving average price of $64.08 and a 200-day moving average price of $60.40. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 14.81 and a beta of 1.06. Torchmark Corp. has a 52 week low of $48.47 and a 52 week high of $65.60.

Torchmark Corp. (NYSE:TMK) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.02. Torchmark Corp. had a net margin of 13.85% and a return on equity of 12.19%. The business earned $992 million during the quarter, compared to the consensus estimate of $979.43 million. During the same period in the previous year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Torchmark Corp. will post $4.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Friday, October 7th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.56 dividend on an annualized basis and a yield of 0.87%. Torchmark Corp.’s payout ratio is 12.84%.

In other news, VP Michael Clay Majors sold 5,075 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $61.89, for a total transaction of $314,091.75. Following the completion of the sale, the vice president now owns 9,462 shares of the company’s stock, valued at $585,603.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Shane Henrie sold 550 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $61.94, for a total transaction of $34,067.00. Following the sale, the insider now directly owns 550 shares of the company’s stock, valued at approximately $34,067. The disclosure for this sale can be found here. 3.96% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Torchmark Corp. by 1.4% in the second quarter. Vanguard Group Inc. now owns 10,914,289 shares of the company’s stock worth $674,722,000 after buying an additional 150,220 shares during the last quarter. FMR LLC raised its position in Torchmark Corp. by 21.4% in the second quarter. FMR LLC now owns 4,299,373 shares of the company’s stock worth $265,788,000 after buying an additional 757,907 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Torchmark Corp. by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,326,787 shares of the company’s stock worth $180,179,000 after buying an additional 86,539 shares during the last quarter. Boston Partners raised its position in Torchmark Corp. by 6.9% in the second quarter. Boston Partners now owns 2,687,021 shares of the company’s stock worth $166,112,000 after buying an additional 173,190 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in Torchmark Corp. by 3.9% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,678,643 shares of the company’s stock worth $165,594,000 after buying an additional 100,300 shares during the last quarter. 75.52% of the stock is owned by institutional investors and hedge funds.

About Torchmark Corp.

Torchmark Corporation is an insurance holding company. The Company, through its subsidiaries, provides a range of life and health insurance products and annuities to a broad base of customers. The Company’s segments include life insurance, health insurance, annuities and investment. The life insurance segment offers whole-life insurance and term life insurance.

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