Torchmark Co. (NYSE:TMK) Chairman Gary L. Coleman sold 24,500 shares of Torchmark stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $88.58, for a total value of $2,170,210.00. Following the completion of the sale, the chairman now directly owns 661,797 shares in the company, valued at approximately $58,621,978.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NYSE:TMK opened at $88.25 on Wednesday. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.11 and a beta of 0.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.05 and a current ratio of 0.05. Torchmark Co. has a 1 year low of $74.48 and a 1 year high of $93.60.

Torchmark (NYSE:TMK) last released its earnings results on Wednesday, July 25th. The insurance provider reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.02. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Torchmark had a return on equity of 11.23% and a net margin of 36.13%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS. equities analysts expect that Torchmark Co. will post 6.07 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Friday, October 5th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, October 4th. Torchmark’s dividend payout ratio is currently 13.28%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Torchmark by 3.3% during the 1st quarter. BlackRock Inc. now owns 7,995,059 shares of the insurance provider’s stock valued at $672,943,000 after purchasing an additional 256,203 shares during the last quarter. FMR LLC increased its position in shares of Torchmark by 3.2% during the 2nd quarter. FMR LLC now owns 2,420,116 shares of the insurance provider’s stock valued at $197,022,000 after purchasing an additional 75,235 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Torchmark by 1.0% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,967,908 shares of the insurance provider’s stock valued at $160,207,000 after purchasing an additional 19,800 shares during the last quarter. Boston Partners increased its position in shares of Torchmark by 2.0% during the 2nd quarter. Boston Partners now owns 1,562,482 shares of the insurance provider’s stock valued at $127,202,000 after purchasing an additional 30,116 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Torchmark by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,498,890 shares of the insurance provider’s stock valued at $122,025,000 after acquiring an additional 203,149 shares during the period. 73.79% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on TMK shares. Zacks Investment Research raised Torchmark from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Saturday, July 7th. Morgan Stanley lifted their price objective on Torchmark from $80.00 to $81.00 and gave the stock an “underweight” rating in a research note on Thursday, July 26th. Finally, ValuEngine downgraded Torchmark from a “buy” rating to a “hold” rating in a research note on Thursday, May 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $85.25.

About Torchmark

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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