Horizon Investments LLC lowered its position in Torchmark Corporation (NYSE:TMK) by 44.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,626 shares of the insurance provider’s stock after selling 6,072 shares during the period. Horizon Investments LLC’s holdings in Torchmark Corporation were worth $574,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Girard Partners LTD. raised its stake in shares of Torchmark Corporation by 0.3% in the second quarter. Girard Partners LTD. now owns 3,844 shares of the insurance provider’s stock valued at $294,000 after acquiring an additional 12 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Torchmark Corporation by 0.6% in the second quarter. Wetherby Asset Management Inc. now owns 4,346 shares of the insurance provider’s stock valued at $332,000 after acquiring an additional 27 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of Torchmark Corporation by 0.3% in the first quarter. Mason Street Advisors LLC now owns 15,134 shares of the insurance provider’s stock valued at $1,166,000 after acquiring an additional 39 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Torchmark Corporation by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 10,455 shares of the insurance provider’s stock valued at $800,000 after acquiring an additional 59 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in shares of Torchmark Corporation by 3.0% in the second quarter. Thrivent Financial For Lutherans now owns 4,140 shares of the insurance provider’s stock valued at $317,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 71.93% of the company’s stock.

A number of research firms have recently issued reports on TMK. BidaskClub upgraded shares of Torchmark Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut shares of Torchmark Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. ValuEngine upgraded shares of Torchmark Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $78.00 price objective on shares of Torchmark Corporation in a research report on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $73.33.

Shares of Torchmark Corporation (NYSE:TMK) traded down 0.01% during mid-day trading on Friday, hitting $78.64. 275,658 shares of the company’s stock traded hands. Torchmark Corporation has a 52 week low of $62.86 and a 52 week high of $79.90. The company has a market cap of $9.15 billion, a PE ratio of 16.92 and a beta of 0.98. The firm has a 50-day moving average of $77.58 and a 200 day moving average of $76.95.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders 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 dividend yield of 0.76%. The ex-dividend date is Thursday, October 5th. Torchmark Corporation’s payout ratio is currently 12.88%.

WARNING: “Torchmark Corporation (TMK) Shares Sold by Horizon Investments LLC” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/23/torchmark-corporation-tmk-shares-sold-by-horizon-investments-llc.html.

In other news, insider Steven John Dichiaro sold 13,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $79.02, for a total transaction of $1,027,260.00. Following the completion of the transaction, the insider now owns 21,360 shares of the company’s stock, valued at $1,687,867.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Arvelia Bowie sold 16,875 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $78.45, for a total transaction of $1,323,843.75. Following the transaction, the vice president now directly owns 17,941 shares of the company’s stock, valued at approximately $1,407,471.45. The disclosure for this sale can be found here. Insiders have sold 137,821 shares of company stock valued at $10,837,593 in the last ninety days. 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.

Want to see what other hedge funds are holding TMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Torchmark Corporation (NYSE:TMK).

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

Receive News & Stock Ratings for Torchmark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torchmark Corporation and related stocks with our FREE daily email newsletter.