Torchmark Corp. Hits New 52-Week High at $73.11 (TMK)
Shares of Torchmark Corp. (NYSE:TMK) hit a new 52-week high during trading on Monday, AnalystRatingsNetwork.com reports. The stock traded as high as $73.11 and last traded at $72.83, with a volume of 141,247 shares trading hands. The stock had previously closed at $72.17.
Several analysts have recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Torchmark Corp. currently has an average rating of “Hold” and an average price target of $68.64.
In other Torchmark Corp. news, Director Darren M. Rebelez unloaded 4,527 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $71.99, for a total transaction of $325,898.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Torchmark Corp. has a 1-year low of $49.10 and a 1-year high of $73.11. The stock has a 50-day moving average of $70.96 and a 200-day moving average of $64.9. The company has a market cap of $6.676 billion and a P/E ratio of 12.79.
Torchmark Corp. (NYSE:TMK) last released its earnings data on Wednesday, July 24th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.04. During the same quarter in the previous year, the company posted $1.32 earnings per share. On average, analysts predict that Torchmark Corp. will post $5.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 1st. Shareholders of record on Friday, October 4th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.93%. The ex-dividend date 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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