Torchmark Corp. PT Raised to $90.00 (TMK)
Analysts at Barclays lifted their target price on shares of Torchmark Corp. (NYSE:TMK) from $82.00 to $90.00 in a research report issued to clients and investors on Tuesday, American Banking News reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price would suggest a potential upside of 16.43% from the company’s current price.
Several other analysts have also recently commented on the stock. 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 analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $72.67.
Torchmark Corp. (NYSE:TMK) traded up 0.81% on Tuesday, hitting $77.928. 170,179 shares of the company’s stock traded hands. Torchmark Corp. has a 52 week low of $52.18 and a 52 week high of $79.42. The stock has a 50-day moving average of $76.53 and a 200-day moving average of $72.41. The company has a market cap of $7.046 billion and a P/E ratio of 13.56.
Torchmark Corp. (NYSE:TMK) last released its earnings data on Wednesday, October 23rd. The company reported $1.43 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.43. During the same quarter in the prior year, the company posted $1.29 earnings per share. On average, analysts predict that Torchmark Corp. will post $5.72 earnings per share for the current fiscal year.
In other Torchmark Corp. news, CFO Frank Svoboda sold 19,875 shares of Torchmark Corp. stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $77.34, for a total value of $1,537,132.50. Following the completion of the transaction, the chief financial officer now directly owns 17,248 shares in the company, valued at approximately $1,333,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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