Torchmark Corp. (NYSE:TMK) insider John Henry Rogers, Jr. sold 1,875 shares of Torchmark Corp. stock in a transaction on Monday, November 14th. The stock was sold at an average price of $71.13, for a total transaction of $133,368.75. Following the sale, the insider now directly owns 1,875 shares of the company’s stock, valued at approximately $133,368.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Torchmark Corp. (NYSE:TMK) opened at 69.20 on Thursday. The stock has a market capitalization of $8.21 billion, a P/E ratio of 15.60 and a beta of 0.95. Torchmark Corp. has a 12 month low of $48.47 and a 12 month high of $71.49. The company’s 50-day moving average is $64.85 and its 200 day moving average is $62.41.

Torchmark Corp. (NYSE:TMK) last released its earnings results on Tuesday, October 25th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.03. Torchmark Corp. had a return on equity of 11.77% and a net margin of 14.05%. The business earned $990 million during the quarter, compared to the consensus estimate of $964.48 million. During the same period last year, the company earned $1.08 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts predict that Torchmark Corp. will post $4.47 earnings per share for the current year.

Insider Buying and Selling by Quarter for Torchmark Corp. (NYSE:TMK)

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Friday, January 6th will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, January 4th. This represents a $0.56 annualized dividend and a dividend yield of 0.81%. Torchmark Corp.’s dividend payout ratio (DPR) is 12.56%.

TMK has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Torchmark Corp. from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, September 27th. Wells Fargo & Co. reissued an “underperform” rating on shares of Torchmark Corp. in a research report on Friday, September 23rd. Deutsche Bank AG lifted their price target on shares of Torchmark Corp. from $56.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, July 29th. Royal Bank Of Canada lifted their price target on shares of Torchmark Corp. from $53.00 to $55.00 and gave the stock an “underperform” rating in a research report on Monday, August 1st. Finally, RBC Capital Markets reissued an “underperform” rating and set a $55.00 price target (up from $53.00) on shares of Torchmark Corp. in a research report on Monday, August 1st. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $59.90.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Torchmark Corp. by 1.4% in the second quarter. Vanguard Group Inc. now owns 10,914,289 shares of the company’s stock valued at $674,722,000 after buying an additional 150,220 shares during the last quarter. FMR LLC increased its stake in Torchmark Corp. by 21.4% in the second quarter. FMR LLC now owns 4,299,373 shares of the company’s stock valued at $265,788,000 after buying an additional 757,907 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Torchmark Corp. by 1.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,364,173 shares of the company’s stock valued at $214,937,000 after buying an additional 45,517 shares during the last quarter. Boston Partners increased its stake in Torchmark Corp. by 6.9% in the second quarter. Boston Partners now owns 2,687,021 shares of the company’s stock valued at $166,112,000 after buying an additional 173,190 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake 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 valued at $165,594,000 after buying an additional 100,300 shares during the last quarter. Institutional investors and hedge funds own 74.98% of the company’s stock.

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.

5 Day Chart for NYSE:TMK

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