Somewhat Positive News Coverage Somewhat Unlikely to Impact Torchmark (TMK) Share Price
Media headlines about Torchmark (NYSE:TMK) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Torchmark earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 47.1384238244756 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities research analysts have commented on the stock. ValuEngine upgraded shares of Torchmark from a “hold” rating to a “buy” rating in a research note on Thursday, April 19th. Morgan Stanley increased their price objective on shares of Torchmark from $80.00 to $81.00 and gave the company an “underweight” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research lowered shares of Torchmark from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Torchmark presently has a consensus rating of “Hold” and an average price target of $83.22.
NYSE:TMK opened at $87.27 on Tuesday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 1.09 and a beta of 0.93. Torchmark has a 52 week low of $74.48 and a 52 week high of $93.60.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 1st. Stockholders of record on Thursday, July 5th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Tuesday, July 3rd. Torchmark’s dividend payout ratio is currently 13.28%.
In other news, Director Robert W. Ingram sold 1,497 shares of the stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $88.42, for a total transaction of $132,364.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gary L. Coleman sold 25,000 shares of the stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $85.66, for a total transaction of $2,141,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 67,747 shares of company stock valued at $5,821,202 over the last three months. Insiders own 3.68% of the company’s stock.
Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. It operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. The Life Insurance segment offers traditional and interest-sensitive whole life and term life insurance, and other life insurance.
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