Insider Selling: Torchmark Corp. CFO Sells 19,875 Shares of Stock (TMK)
Torchmark Corp. (NYSE:TMK) CFO Frank Svoboda sold 19,875 shares of Torchmark Corp. stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $77.34, for a total value of $1,537,132.50. Following the sale, the chief financial officer now directly owns 17,248 shares of the company’s stock, valued at approximately $1,333,960. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on TMK. Analysts at Scotiabank downgraded shares of Torchmark Corp. from a “sector perform” rating to an “underperform” rating in a research note to investors on Friday, November 22nd. They now have a $75.00 price target on the stock, up previously from $72.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Torchmark Corp. in a research note to investors on Friday, November 15th. They now have a $83.00 price target on the stock, up previously from $81.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Torchmark Corp. in a research note to investors on Monday, October 28th. They now have a $77.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $71.42.
Torchmark Corp. (NYSE:TMK) traded up 0.19% during mid-day trading on Friday, hitting $77.58. 304,356 shares of the company’s stock traded hands. Torchmark Corp. has a one year low of $52.18 and a one year high of $79.42. The stock’s 50-day moving average is $76.41 and its 200-day moving average is $72.12. The company has a market cap of $7.015 billion and a P/E ratio of 13.58.
Torchmark Corp. (NYSE:TMK) last announced its earnings results on Wednesday, October 23rd. The company reported $1.43 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.43. During the same quarter in the prior year, the company posted $1.29 earnings per share.
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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