Cipher Capital LP trimmed its stake in shares of Torchmark Corporation (NYSE:TMK) by 36.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,143 shares of the insurance provider’s stock after selling 32,262 shares during the quarter. Cipher Capital LP’s holdings in Torchmark Corporation were worth $4,576,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Torchmark Corporation by 1.0% during the second quarter. Vanguard Group Inc. now owns 12,040,805 shares of the insurance provider’s stock worth $921,122,000 after purchasing an additional 122,391 shares during the period. Janus Henderson Group PLC boosted its position in Torchmark Corporation by 14,667.6% during the second quarter. Janus Henderson Group PLC now owns 2,531,462 shares of the insurance provider’s stock worth $193,657,000 after purchasing an additional 2,514,320 shares during the period. Boston Partners boosted its position in Torchmark Corporation by 0.9% during the third quarter. Boston Partners now owns 1,884,492 shares of the insurance provider’s stock worth $150,929,000 after purchasing an additional 16,795 shares during the period. Goldman Sachs Group Inc. boosted its position in Torchmark Corporation by 11.3% during the second quarter. Goldman Sachs Group Inc. now owns 1,331,664 shares of the insurance provider’s stock worth $101,872,000 after purchasing an additional 134,897 shares during the period. Finally, Schroder Investment Management Group boosted its position in Torchmark Corporation by 3.9% during the second quarter. Schroder Investment Management Group now owns 710,904 shares of the insurance provider’s stock worth $54,256,000 after purchasing an additional 26,789 shares during the period. 72.69% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Torchmark Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Thursday, October 26th. SunTrust Banks, Inc. lifted their price objective on shares of Torchmark Corporation from $75.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $83.00 price objective on shares of Torchmark Corporation in a research report on Friday, November 10th. The Goldman Sachs Group, Inc. assumed coverage on shares of Torchmark Corporation in a research report on Wednesday, October 18th. They set a “neutral” rating and a $83.00 price objective for the company. Finally, BidaskClub raised shares of Torchmark Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $78.86.

Shares of Torchmark Corporation (NYSE:TMK) traded up $0.43 during trading on Friday, hitting $85.44. 515,987 shares of the stock were exchanged, compared to its average volume of 437,716. The company has a market capitalization of $9,860.00, a PE ratio of 18.01, a PEG ratio of 2.47 and a beta of 1.01. Torchmark Corporation has a 52 week low of $69.32 and a 52 week high of $86.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.06 and a current ratio of 0.06.

Torchmark Corporation (NYSE:TMK) last announced its earnings results on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Torchmark Corporation had a net margin of 13.80% and a return on equity of 11.60%. Torchmark Corporation’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.15 earnings per share. equities analysts anticipate that Torchmark Corporation will post 4.8 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, January 5th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.70%. Torchmark Corporation’s payout ratio is presently 12.93%.

In related news, Chairman Gary L. Coleman sold 37,500 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $83.28, for a total transaction of $3,123,000.00. Following the completion of the sale, the chairman now owns 666,875 shares of the company’s stock, valued at $55,537,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP W Michael Pressley sold 52,500 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $83.93, for a total transaction of $4,406,325.00. Following the sale, the executive vice president now directly owns 105,948 shares of the company’s stock, valued at approximately $8,892,215.64. The disclosure for this sale can be found here. In the last three months, insiders sold 163,085 shares of company stock valued at $13,701,414. 3.79% of the stock is currently 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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Institutional Ownership by Quarter for Torchmark Corporation (NYSE:TMK)

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