Insider Selling: Darren Rebelez Sells 4,527 Shares of Torchmark Corp. Stock (TMK)
Torchmark Corp. (NYSE:TMK) Director Darren Rebelez sold 4,527 shares of Torchmark Corp. stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $71.99, for a total value of $325,898.73. Following the transaction, the director now directly owns 7,575 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on TMK shares. Analysts at Zacks reiterated a “neutral” rating on shares of Torchmark Corp. (NYSE:TMK) in a research note to investors on Thursday, August 8th. They now have a $74.00 price target on the stock. Finally, analysts at Scotiabank raised their price target on shares of Torchmark Corp. (NYSE:TMK) from $68.00 to $72.00 in a research note to investors on Thursday, July 25th.
One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $68.64.
Torchmark Corp. (NYSE:TMK) traded up 0.61% during mid-day trading on Wednesday, hitting $72.58. 317,467 shares of the company’s stock traded hands. Torchmark Corp. has a 1-year low of $49.10 and a 1-year high of $73.09. The stock’s 50-day moving average is $70.71 and its 200-day moving average is $64.55. The company has a market cap of $6.647 billion and a P/E ratio of 12.79.
Torchmark Corp. (NYSE:TMK) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.40 by $0.04. During the same quarter last year, the company posted $1.32 earnings per share. Analysts expect that Torchmark Corp. will post $5.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 1st. Stockholders of record on Friday, October 4th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Wednesday, October 2nd.
Torchmark Corporation is an insurance holding company. The Company is financial services holding company whose affiliate Companies market life insurance and supplemental health insurance to middle-income Americans.
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