Torchmark VP Sells $551,205 in Stock (TMK)
Torchmark (NYSE:TMK) VP Arvelia Bowie sold 6,750 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $81.66, for a total transaction of $551,205.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Torchmark (NYSE:TMK) traded down 1.31% on Wednesday, hitting $80.48. 214,839 shares of the company’s stock traded hands. Torchmark has a 52 week low of $62.51 and a 52 week high of $81.98. The stock’s 50-day moving average is $78.75 and its 200-day moving average is $76.90. The company has a market cap of $7.127 billion and a price-to-earnings ratio of 13.84.
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 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 Tuesday, July 1st. Investors of record on Monday, June 2nd will be given a dividend of $0.1267 per share. This represents a $0.51 dividend on an annualized basis and a yield of 0.62%. 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. Separately, 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 research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price 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.
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