Swiss National Bank raised its stake in shares of Torchmark Corporation (NYSE:TMK) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 407,928 shares of the insurance provider’s stock after purchasing an additional 8,400 shares during the period. Swiss National Bank owned 0.35% of Torchmark Corporation worth $31,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of TMK. Retirement Systems of Alabama raised its position in Torchmark Corporation by 1.2% during the first quarter. Retirement Systems of Alabama now owns 52,941 shares of the insurance provider’s stock valued at $4,079,000 after purchasing an additional 636 shares during the period. Acadian Asset Management LLC raised its position in Torchmark Corporation by 191.6% during the first quarter. Acadian Asset Management LLC now owns 19,572 shares of the insurance provider’s stock valued at $1,508,000 after purchasing an additional 12,859 shares during the period. Strs Ohio raised its position in Torchmark Corporation by 564.4% during the first quarter. Strs Ohio now owns 10,464 shares of the insurance provider’s stock valued at $806,000 after purchasing an additional 8,889 shares during the period. Russell Investments Group Ltd. raised its position in Torchmark Corporation by 39.9% during the first quarter. Russell Investments Group Ltd. now owns 169,633 shares of the insurance provider’s stock valued at $13,073,000 after purchasing an additional 48,380 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in Torchmark Corporation by 9.5% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,855 shares of the insurance provider’s stock valued at $759,000 after purchasing an additional 857 shares during the period. Institutional investors and hedge funds own 71.94% of the company’s stock.

A number of equities research analysts have issued reports on the company. BidaskClub upgraded Torchmark Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Torchmark Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. ValuEngine downgraded Torchmark Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $78.00 price objective on shares of Torchmark Corporation in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.00.

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Shares of Torchmark Corporation (TMK) opened at 76.07 on Friday. The stock has a 50 day moving average price of $77.84 and a 200 day moving average price of $76.98. Torchmark Corporation has a one year low of $62.86 and a one year high of $79.90. The stock has a market capitalization of $8.85 billion, a P/E ratio of 16.36 and a beta of 0.98.

Torchmark Corporation (NYSE:TMK) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Torchmark Corporation had a return on equity of 11.55% and a net margin of 13.96%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the firm posted $1.11 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts forecast that Torchmark Corporation will post $4.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 6th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, October 5th. Torchmark Corporation’s dividend payout ratio is presently 12.88%.

In related news, VP Arvelia Bowie sold 16,875 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $78.45, for a total value of $1,323,843.75. Following the transaction, the vice president now directly owns 17,941 shares in the company, valued at $1,407,471.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Henry Rogers, Jr. sold 1,875 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $79.25, for a total value of $148,593.75. Following the completion of the transaction, the insider now owns 1,875 shares in the company, valued at $148,593.75. The disclosure for this sale can be found here. Insiders sold 137,821 shares of company stock worth $10,837,593 over the last quarter. 3.79% of the stock is currently owned by insiders.

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.

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

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