Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Torchmark Corporation (NYSE:TMK) by 7.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,447 shares of the insurance provider’s stock after acquiring an additional 2,137 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Torchmark Corporation were worth $2,358,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Girard Partners LTD. grew its position in shares of Torchmark Corporation by 0.3% during the 2nd 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 period. Wetherby Asset Management Inc. grew its position in shares of Torchmark Corporation by 0.6% during the 2nd 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 period. Sentry Investment Management LLC grew its position in shares of Torchmark Corporation by 2.0% during the 2nd quarter. Sentry Investment Management LLC now owns 4,750 shares of the insurance provider’s stock valued at $363,000 after acquiring an additional 91 shares during the period. Thrivent Financial For Lutherans grew its position in shares of Torchmark Corporation by 3.0% during the 2nd 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 period. Finally, Flinton Capital Management LLC grew its position in shares of Torchmark Corporation by 1.4% during the 2nd quarter. Flinton Capital Management LLC now owns 16,528 shares of the insurance provider’s stock valued at $1,264,000 after acquiring an additional 224 shares during the period. Hedge funds and other institutional investors own 73.16% of the company’s stock.

In related news, EVP W Michael Pressley sold 52,500 shares of Torchmark Corporation stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $83.93, for a total value of $4,406,325.00. Following the sale, the executive vice president now directly owns 105,948 shares in the company, valued at approximately $8,892,215.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Roger C. Smith sold 30,000 shares of Torchmark Corporation stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $84.50, for a total value of $2,535,000.00. Following the completion of the sale, the insider now owns 65,685 shares in the company, valued at $5,550,382.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,085 shares of company stock worth $13,701,414. 3.79% of the stock is currently owned by insiders.

Shares of Torchmark Corporation (NYSE:TMK) opened at $85.27 on Wednesday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.22. Torchmark Corporation has a twelve month low of $69.55 and a twelve month high of $86.50. The stock has a market capitalization of $9,822.21, a PE ratio of 17.99, a P/E/G ratio of 2.47 and a beta of 1.00.

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

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

A number of research firms have recently commented on TMK. Zacks Investment Research upgraded Torchmark Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Thursday, October 26th. SunTrust Banks, Inc. raised their target price on Torchmark Corporation from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $83.00 target price on shares of Torchmark Corporation in a research report on Friday, November 10th. Goldman Sachs Group, Inc. (The) began coverage on Torchmark Corporation in a research report on Wednesday, October 18th. They set a “neutral” rating and a $83.00 target price on the stock. Finally, BidaskClub upgraded Torchmark Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $78.86.

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Torchmark Corporation 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.

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

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