Torchmark Corp. (NYSE:TMK) Director Lamar C. Smith sold 7,197 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $70.13, for a total transaction of $504,725.61. Following the sale, the director now directly owns 62,796 shares of the company’s stock, valued at approximately $4,403,883.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Torchmark Corp. (NYSE:TMK) traded up 0.35% during mid-day trading on Wednesday, reaching $70.92. 599,042 shares of the company’s stock were exchanged. Torchmark Corp. has a 52 week low of $48.47 and a 52 week high of $71.49. The stock has a 50 day moving average price of $65.78 and a 200 day moving average price of $62.86. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 15.99 and a beta of 0.95.

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

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Investors of record on Friday, January 6th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, January 4th. Torchmark Corp.’s dividend payout ratio is presently 12.56%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Torchmark Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Royal Bank Of Canada boosted their price target on shares of Torchmark Corp. from $53.00 to $55.00 and gave the company an “underperform” rating in a research report on Monday, August 1st. Bank of America Corp. cut shares of Torchmark Corp. from a “neutral” rating to an “underperform” rating in a research report on Friday, November 18th. Deutsche Bank AG boosted their price target 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. Finally, RBC Capital Markets reissued an “underperform” rating and set a $55.00 price target (up previously from $53.00) on shares of Torchmark Corp. in a research report on Monday, August 1st. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.90.

A number of hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. bought a new stake in Torchmark Corp. during the third quarter worth approximately $194,000. Quantitative Systematic Strategies LLC bought a new stake in Torchmark Corp. during the third quarter worth approximately $299,000. LPL Financial LLC boosted its stake in Torchmark Corp. by 1.9% in the third quarter. LPL Financial LLC now owns 12,617 shares of the company’s stock worth $806,000 after buying an additional 235 shares in the last quarter. Credit Suisse AG boosted its stake in Torchmark Corp. by 17.8% in the third quarter. Credit Suisse AG now owns 198,210 shares of the company’s stock worth $12,664,000 after buying an additional 29,932 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Torchmark Corp. during the third quarter worth approximately $542,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

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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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