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Torchmark (NYSE:TMK) Director David L. Boren sold 1,938 shares of the stock on the open market in a transaction dated Friday, July 25th. The stock was sold at an average price of $53.76, for a total transaction of $104,186.88. Following the completion of the sale, the director now directly owns 17,742 shares in the company, valued at approximately $953,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on TMK. Analysts at Zacks reiterated a “neutral” rating on shares of Torchmark in a research note on Monday. They now have a $56.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Torchmark in a research note on Thursday. They now have a $51.00 price target on the stock, down previously from $51.33. Finally, analysts at Sterne Agee reiterated a “neutral” rating on shares of Torchmark in a research note on Thursday, July 17th. They now have a $54.00 price target on the stock, down previously from $81.00. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Torchmark currently has an average rating of “Hold” and an average target price of $56.75.

Torchmark (NYSE:TMK) traded up 1.35% during mid-day trading on Monday, hitting $54.25. 664,284 shares of the company’s stock traded hands. Torchmark has a 1-year low of $45.7933 and a 1-year high of $56.49. The stock has a 50-day moving average of $54.78 and a 200-day moving average of $52.79. The company has a market cap of $7.232 billion and a price-to-earnings ratio of 13.55. Torchmark also was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 3,770,759 shares, a growth of 61.6% from the June 30th total of 2,333,427 shares. Based on an average daily volume of 522,830 shares, the short-interest ratio is currently 7.2 days. Approximately 2.9% of the shares of the company are sold short.

Torchmark (NYSE:TMK) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.98 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.03 by $0.05. During the same quarter in the prior year, the company posted $0.96 earnings per share. On average, analysts predict that Torchmark will post $4.12 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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