State of Wisconsin Investment Board raised its stake in shares of Torchmark Corporation (NYSE:TMK) by 6.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 88,891 shares of the insurance provider’s stock after buying an additional 5,548 shares during the period. State of Wisconsin Investment Board owned about 0.08% of Torchmark Corporation worth $7,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Torchmark Corporation by 9.0% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,448 shares of the insurance provider’s stock valued at $1,397,000 after buying an additional 1,446 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Torchmark Corporation by 0.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 194,705 shares of the insurance provider’s stock valued at $15,594,000 after purchasing an additional 976 shares in the last quarter. Andra AP fonden increased its stake in shares of Torchmark Corporation by 17.6% in the 3rd quarter. Andra AP fonden now owns 70,100 shares of the insurance provider’s stock valued at $5,614,000 after purchasing an additional 10,500 shares in the last quarter. Palisade Asset Management LLC increased its stake in shares of Torchmark Corporation by 96.9% in the 3rd quarter. Palisade Asset Management LLC now owns 15,000 shares of the insurance provider’s stock valued at $1,201,000 after purchasing an additional 7,383 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its stake in shares of Torchmark Corporation by 20.3% in the 3rd quarter. Pictet Asset Management Ltd. now owns 129,908 shares of the insurance provider’s stock valued at $10,404,000 after purchasing an additional 21,900 shares in the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

In related news, Chairman Gary L. Coleman sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $83.28, for a total value of $3,123,000.00. Following the transaction, the chairman now directly owns 666,875 shares in the company, valued at $55,537,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul J. Zucconi sold 595 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $85.07, for a total value of $50,616.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,085 shares of company stock worth $13,701,414. Insiders own 3.79% of the company’s stock.

Torchmark Corporation (NYSE:TMK) opened at $85.44 on Friday. The firm has a market capitalization of $9,863.79, a P/E ratio of 18.06, a PEG ratio of 2.48 and a beta of 1.00. Torchmark Corporation has a twelve month low of $69.32 and a twelve month high of $86.50. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.22.

Torchmark Corporation (NYSE:TMK) last issued its earnings results on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Torchmark Corporation had a return on equity of 11.60% and a net margin of 13.80%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.15 EPS. research analysts predict that Torchmark Corporation will post 4.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, January 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, January 4th. Torchmark Corporation’s dividend payout ratio is currently 12.77%.

Several equities analysts recently weighed in on TMK shares. Zacks Investment Research lowered Torchmark Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $78.00 price target on shares of Torchmark Corporation in a research note on Sunday, October 8th. SunTrust Banks, Inc. lifted their price target on Torchmark Corporation from $75.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. BidaskClub lowered Torchmark Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Torchmark Corporation in a research note on Wednesday, October 18th. They set a “neutral” rating and a $83.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $78.86.

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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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