Insider Selling: Alan Scott Hintz Sells 4,000 Shares of Torchmark Corp. Stock (TMK)
Torchmark Corp. (NYSE:TMK) Insider Alan Scott Hintz sold 4,000 shares of Torchmark Corp. stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $74.29, for a total value of $297,160.00. Following the completion of the transaction, the insider now directly owns 15 shares of the company’s stock, valued at approximately $1,114. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Torchmark Corp. (NYSE:TMK) traded up 1.46% on Friday, hitting $75.08. 549,592 shares of the company’s stock traded hands. Torchmark Corp. has a one year low of $54.87 and a one year high of $79.42. The stock’s 50-day moving average is $76.71 and its 200-day moving average is $73.7. The company has a market cap of $6.789 billion and a price-to-earnings ratio of 12.98.
Torchmark Corp. (NYSE:TMK) last released its earnings data on Monday, February 3rd. The company reported $1.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.46 by $0.10. During the same quarter in the prior year, the company posted $1.33 earnings per share. On average, analysts predict that Torchmark Corp. will post $6.22 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Torchmark Corp. in a research note to investors on Tuesday. They now have a $76.00 price target on the stock. Finally, analysts at Raymond James downgraded shares of Torchmark Corp. from a “market perform” rating to an “underperform” rating in a research note to investors on Wednesday, January 15th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $74.09.
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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