Torchmark Co. (TMK) Declares Quarterly Dividend of $0.13
Torchmark (NYSE:TMK) declared a quarterly dividend on Wednesday, April 30th, AnalystRatingsNetwork reports. Shareholders of record on Monday, June 2nd will be given a dividend of 0.1267 per share on Tuesday, July 1st. This represents a $0.51 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, May 29th.
A number of research firms have recently commented on TMK. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Torchmark in a research note on Friday, April 25th. They now have a $89.00 price target on the stock. On a related note, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Torchmark in a research note on Wednesday, April 23rd. They now have a $80.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Torchmark in a research note on Wednesday, April 23rd. They now have a $82.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $77.00.
Shares of Torchmark (NYSE:TMK) traded up 1.15% on Wednesday, hitting $79.70. 518,431 shares of the company’s stock traded hands. Torchmark has a one year low of $60.85 and a one year high of $80.43. The stock’s 50-day moving average is $78.27 and its 200-day moving average is $76.4. The company has a market cap of $7.058 billion and a P/E ratio of 13.37.
Torchmark (NYSE:TMK) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. During the same quarter in the previous 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.
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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