John Henry Rogers, Jr. Sells 1,000 Shares of Torchmark Corp. (TMK) Stock
Torchmark Corp. (NYSE:TMK) insider John Henry Rogers, Jr. sold 1,000 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $64.99, for a total value of $64,990.00. Following the completion of the sale, the insider now owns 1,000 shares in the company, valued at $64,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Torchmark Corp. (NYSE:TMK) opened at 69.59 on Friday. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 15.69 and a beta of 0.95. The company’s 50-day moving average price is $64.16 and its 200-day moving average price is $62.03. Torchmark Corp. has a 12-month low of $48.47 and a 12-month high of $70.22.
Torchmark Corp. (NYSE:TMK) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. Torchmark Corp. had a return on equity of 11.77% and a net margin of 14.05%. The firm had revenue of $990 million for the quarter, compared to analysts’ expectations of $964.48 million. During the same period in the prior year, the business posted $1.08 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. Equities analysts expect that Torchmark Corp. will post $4.47 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Friday, October 7th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Wednesday, October 5th. Torchmark Corp.’s dividend payout ratio (DPR) is 12.56%.
A number of hedge funds have recently made changes to their positions in the stock. Balentine LLC boosted its stake in shares of Torchmark Corp. by 5.7% in the second quarter. Balentine LLC now owns 1,855 shares of the company’s stock worth $115,000 after buying an additional 100 shares during the period. Glenmede Trust Co. NA boosted its stake in shares of Torchmark Corp. by 2,706.2% in the second quarter. Glenmede Trust Co. NA now owns 2,273 shares of the company’s stock worth $139,000 after buying an additional 2,192 shares during the period. Advisor Group Inc. bought a new stake in shares of Torchmark Corp. during the second quarter worth $151,000. State of Alaska Department of Revenue boosted its stake in shares of Torchmark Corp. by 7.7% in the second quarter. State of Alaska Department of Revenue now owns 2,542 shares of the company’s stock worth $157,000 after buying an additional 181 shares during the period. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in shares of Torchmark Corp. by 199.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 2,840 shares of the company’s stock worth $181,000 after buying an additional 1,893 shares during the period. Hedge funds and other institutional investors own 75.48% of the company’s stock.
A number of equities research analysts recently weighed in on TMK shares. Credit Suisse Group AG started coverage on shares of Torchmark Corp. in a research note on Friday, October 7th. They set a “neutral” rating and a $68.00 price objective on the stock. Zacks Investment Research cut shares of Torchmark Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. RBC Capital Markets restated 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 company an “underperform” rating in a research note on Monday, August 1st. Finally, Deutsche Bank AG lifted their price objective on shares of Torchmark Corp. from $56.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, July 29th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $59.90.
Torchmark Corp. Company Profile
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.
Receive News & Stock Ratings for Torchmark Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torchmark Corp. and related stocks with our FREE daily email newsletter.