Torchmark Given “Hold” Rating at Citigroup Inc. (TMK)
Torchmark (NYSE:TMK)‘s stock had its “hold” rating restated by stock analysts at Citigroup Inc. in a report issued on Wednesday, StockRatingsNetwork reports. They currently have a $80.00 price target on the stock. Citigroup Inc.’s target price suggests a potential upside of 2.05% from the company’s current price.
Shares of Torchmark (NYSE:TMK) traded down 0.63% on Wednesday, hitting $78.39. 607,717 shares of the company’s stock traded hands. Torchmark has a 52 week low of $60.85 and a 52 week high of $80.43. The stock has a 50-day moving average of $78.36 and a 200-day moving average of $76.31. The company has a market cap of $6.942 billion and a P/E ratio of 13.38.
Torchmark (NYSE:TMK) last announced its earnings results on Tuesday, April 22nd. The company reported $1.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.51 by $0.01. During the same quarter last year, the company posted $1.39 earnings per share. On average, analysts predict that Torchmark will post $6.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 1st. Investors of record on Thursday, April 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from Torchmark’s previous quarterly dividend of $0.17.
TMK has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Torchmark in a research note on Wednesday. They now have a $82.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Torchmark from $71.00 to $72.00 in a research note on Wednesday. They now have an “underperform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Torchmark in a research note on Wednesday. They set a “market perform” rating and a $83.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $77.00.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.