Torchmark Given Average Rating of “Hold” by Brokerages (NYSE:TMK)
Shares of Torchmark (NYSE:TMK) have received an average rating of “Hold” from the fourteen ratings firms that are presently covering the stock, AmericanBankingNews.com reports. Four analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $56.75.
Shares of Torchmark (NYSE:TMK) traded up 0.36% during mid-day trading on Tuesday, hitting $53.17. 49,584 shares of the company’s stock traded hands. Torchmark has a one year low of $45.7933 and a one year high of $56.49. The stock’s 50-day moving average is $54.35 and its 200-day moving average is $52.88. The company has a market cap of $7.088 billion and a price-to-earnings ratio of 13.41.
Torchmark (NYSE:TMK) last released its earnings data 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 $4.11 earnings per share for the current fiscal year.
In other Torchmark news, Director Robert W. Ingram sold 1,714 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $53.10, for a total transaction of $91,013.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on TMK shares. Analysts at Zacks reiterated a “neutral” rating on shares of Torchmark in a research note on Monday, July 28th. 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, July 24th. 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.
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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