Torchmark Receives Average Recommendation of “Hold” from Brokerages (NYSE:TMK)
Torchmark (NYSE:TMK) has received an average recommendation of “Hold” from the fourteen ratings firms that are covering the company, Analyst Ratings Network reports. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $56.75.
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, 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 (NYSE:TMK) opened at 53.26 on Tuesday. Torchmark has a 52-week low of $45.7933 and a 52-week high of $56.49. The stock has a 50-day moving average of $54.17 and a 200-day moving average of $52.95. The company has a market cap of $6.955 billion and a price-to-earnings ratio of 13.53.
Torchmark (NYSE:TMK) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.05. During the same quarter in the previous 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, Insider Roger C. Smith unloaded 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $53.50, for a total transaction of $1,605,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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