Insider Selling: Darren M. Rebelez Unloads 4,500 Shares of Torchmark Stock (TMK)
Torchmark (NYSE:TMK) Director Darren M. Rebelez sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $82.31, for a total transaction of $370,395.00. Following the completion of the sale, the director now directly owns 7,575 shares of the company’s stock, valued at approximately $623,498. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Torchmark (NYSE:TMK) traded up 0.18% during mid-day trading on Tuesday, hitting $82.61. 253,754 shares of the company’s stock traded hands. Torchmark has a 52-week low of $63.39 and a 52-week high of $82.88. The stock has a 50-day moving average of $80.37 and a 200-day moving average of $77.88. The company has a market cap of $7.254 billion and a price-to-earnings ratio of 13.99.
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.
The company also recently declared a dividend, which is scheduled for Friday, August 1st. Stockholders of record on Monday, June 2nd will be given a dividend of $0.1267 per share. The ex-dividend date of this dividend is Thursday, May 29th.
TMK has been the subject of a number of recent research reports. Analysts at Bank of America downgraded shares of Torchmark from a “buy” rating to a “neutral” rating in a research note on Friday, May 16th. They now have a $87.00 price target on the stock. They noted that the move was a valuation call. Separately, 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. Finally, 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. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Torchmark has a consensus rating of “Hold” and an average target price of $77.83.
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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