Torchmark (TMK) Receiving Somewhat Positive Media Coverage, Analysis Finds
Media coverage about Torchmark (NYSE:TMK) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Torchmark earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 45.5961187312405 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Torchmark (NYSE TMK) traded up $0.28 during midday trading on Wednesday, reaching $90.42. The company had a trading volume of 644,463 shares, compared to its average volume of 448,184. The stock has a market cap of $10,375.20, a price-to-earnings ratio of 19.00, a P/E/G ratio of 2.61 and a beta of 1.02. Torchmark has a twelve month low of $72.59 and a twelve month high of $90.87. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.06 and a quick ratio of 0.06.
Torchmark (NYSE:TMK) last released its quarterly earnings results on Tuesday, October 24th. The insurance provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.03. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Torchmark had a return on equity of 11.60% and a net margin of 13.80%. Torchmark’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 EPS. research analysts anticipate that Torchmark will post 4.8 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on TMK shares. Zacks Investment Research lowered Torchmark from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $78.00 target price on shares of Torchmark in a research report on Sunday, October 8th. SunTrust Banks upped their target price on Torchmark from $75.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, Goldman Sachs Group started coverage on Torchmark in a research report on Wednesday, October 18th. They set a “neutral” rating and a $83.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $78.86.
In other news, EVP James Eric Mcpartland sold 5,115 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $85.56, for a total transaction of $437,639.40. Following the completion of the sale, the executive vice president now directly owns 7,000 shares of the company’s stock, valued at approximately $598,920. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Gary L. Coleman sold 37,500 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $83.28, for a total value of $3,123,000.00. Following the sale, the chairman now directly owns 666,875 shares of the company’s stock, valued at $55,537,350. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,085 shares of company stock valued at $13,701,414. Insiders own 3.79% of the company’s stock.
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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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