Torchmark Corporation (TMK) Receives Daily Media Impact Rating of 0.16
News articles about Torchmark Corporation (NYSE:TMK) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Torchmark Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 46.5915277661294 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Torchmark : Declares Dividend (4-traders.com)
- Searcher find body of boater missing off ME coast (techkenyot.com)
- ETFs with exposure to Torchmark Corp. : August 28, 2017 (finance.yahoo.com)
- Torchmark Corporation (TMK) Plans Quarterly Dividend of $0.15 (americanbankingnews.com)
- Emergent Capital (IFT) and Torchmark Corporation (TMK) Financial Analysis (americanbankingnews.com)
Several research firms have commented on TMK. BidaskClub raised shares of Torchmark Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered shares of Torchmark Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. ValuEngine lowered shares of Torchmark Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $78.00 price target on shares of Torchmark Corporation in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Torchmark Corporation currently has a consensus rating of “Hold” and an average price target of $73.00.
Torchmark Corporation (TMK) opened at 77.52 on Friday. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 16.67 and a beta of 0.98. Torchmark Corporation has a 12 month low of $62.86 and a 12 month high of $79.90. The company has a 50 day moving average of $78.13 and a 200 day moving average of $77.01.
Torchmark Corporation (NYSE:TMK) last posted its earnings results on Wednesday, July 26th. The insurance provider reported $1.19 earnings per share for the quarter, topping the 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 firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 earnings per share. On average, equities analysts predict that Torchmark Corporation will post $4.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, October 5th. Torchmark Corporation’s payout ratio is 12.88%.
In related news, Director Charles E. Adair sold 9,244 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $78.89, for a total transaction of $729,259.16. Following the completion of the sale, the director now owns 20,613 shares in the company, valued at $1,626,159.57. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Gary L. Coleman sold 37,500 shares of the business’s stock in a transaction that occurred 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 sale, the chairman now 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. In the last 90 days, insiders have sold 137,821 shares of company stock valued at $10,837,593. 3.79% of the stock is owned by company insiders.
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About Torchmark Corporation
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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