Torchmark Corp. (NYSE:TMK) EVP Vern D. Herbel sold 37,500 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $69.89, for a total transaction of $2,620,875.00. Following the completion of the sale, the executive vice president now directly owns 72,505 shares in the company, valued at approximately $5,067,374.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Torchmark Corp. (NYSE:TMK) traded down 0.56% on Monday, reaching $69.67. 54,758 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $65.07 and its 200 day moving average is $62.50. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 15.71 and a beta of 0.95. Torchmark Corp. has a 52 week low of $48.47 and a 52 week high of $71.49.

Torchmark Corp. (NYSE:TMK) last released its earnings results on Tuesday, October 25th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $990 million for the quarter, compared to analysts’ expectations of $964.48 million. During the same quarter in the previous year, the business posted $1.08 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts anticipate 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. Shareholders of record on Friday, January 6th will be 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 is Wednesday, January 4th. Torchmark Corp.’s dividend payout ratio is presently 12.56%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted 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 in the last quarter. FMR LLC boosted 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 in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position 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 worth $214,937,000 after buying an additional 45,517 shares in the last quarter. Boston Partners boosted 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 in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted 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 in the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A number of brokerages have commented on TMK. Bank of America Corp. lowered shares of Torchmark Corp. from a “neutral” rating to an “underperform” rating in a report on Friday. Credit Suisse Group AG began coverage on shares of Torchmark Corp. in a report on Friday, October 7th. They set a “neutral” rating and a $68.00 price objective on the stock. Zacks Investment Research lowered shares of Torchmark Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Wells Fargo & Co. reissued an “underperform” rating on shares of Torchmark Corp. in a report on Friday, September 23rd. Finally, RBC Capital Markets reissued an “underperform” rating and set a $55.00 price objective (up previously from $53.00) on shares of Torchmark Corp. in a report on Monday, August 1st. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.90.

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.

5 Day Chart for NYSE:TMK

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