Equity Investment Corp Acquisition Inc decreased its stake in shares of Torchmark Corporation (NYSE:TMK) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 808,017 shares of the insurance provider’s stock after selling 66,015 shares during the period. Torchmark Corporation comprises approximately 2.1% of Equity Investment Corp Acquisition Inc’s holdings, making the stock its 29th largest position. Equity Investment Corp Acquisition Inc owned 0.69% of Torchmark Corporation worth $61,813,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TMK. BlackRock Inc. raised its stake in Torchmark Corporation by 2,764.7% in the first quarter. BlackRock Inc. now owns 7,478,138 shares of the insurance provider’s stock valued at $576,118,000 after buying an additional 7,217,094 shares in the last quarter. Janus Capital Management LLC raised its stake in Torchmark Corporation by 205.9% in the first quarter. Janus Capital Management LLC now owns 1,139,756 shares of the insurance provider’s stock valued at $87,806,000 after buying an additional 767,124 shares in the last quarter. Vanguard Group Inc. raised its stake in Torchmark Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 11,918,414 shares of the insurance provider’s stock valued at $918,194,000 after buying an additional 458,913 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Torchmark Corporation by 159.2% in the second quarter. BNP Paribas Arbitrage SA now owns 475,542 shares of the insurance provider’s stock valued at $36,379,000 after buying an additional 292,092 shares in the last quarter. Finally, State Street Corp raised its stake in Torchmark Corporation by 2.6% in the first quarter. State Street Corp now owns 5,852,059 shares of the insurance provider’s stock valued at $450,848,000 after buying an additional 150,546 shares in the last quarter. Institutional investors own 74.84% of the company’s stock.

Torchmark Corporation (NYSE TMK) traded up 0.46% during midday trading on Tuesday, reaching $76.87. The company’s stock had a trading volume of 7,387 shares. The firm has a 50 day moving average price of $78.21 and a 200-day moving average price of $76.88. The company has a market cap of $8.94 billion, a P/E ratio of 16.53 and a beta of 0.98. Torchmark Corporation has a 12-month low of $62.82 and a 12-month high of $79.90.

Torchmark Corporation (NYSE:TMK) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.02. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Torchmark Corporation had a return on equity of 11.55% and a net margin of 13.96%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 EPS. On average, equities research analysts predict that Torchmark Corporation will post $4.75 earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on TMK shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $75.00 price target on shares of Torchmark Corporation in a research report on Friday, May 26th. Zacks Investment Research raised Torchmark Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Friday, May 26th. BidaskClub raised Torchmark Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, ValuEngine downgraded Torchmark Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $73.33.

In other news, insider Roger C. Smith sold 30,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $78.55, for a total value of $2,356,500.00. Following the completion of the sale, the insider now owns 65,685 shares of the company’s stock, valued at approximately $5,159,556.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gary L. Coleman sold 37,500 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $78.57, for a total value of $2,946,375.00. Following the completion of the sale, the chairman now directly owns 666,875 shares of the company’s stock, valued at approximately $52,396,368.75. The disclosure for this sale can be found here. Insiders sold a total of 142,321 shares of company stock valued at $11,175,453 in the last three months. Insiders own 3.79% of the company’s stock.

Torchmark Corporation Company Profile

Torchmark Corporation (Torchmark) is an insurance holding company. The Company, through its subsidiaries, provides a range of life and health insurance products and annuities to a base of customers. The Company’s segments include life insurance, health insurance, annuities and investment. The life insurance segment includes traditional and interest-sensitive whole life insurance as well as term life insurance.

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Institutional Ownership by Quarter for Torchmark Corporation (NYSE:TMK)

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