Insider Selling: Roger C. Smith Sells 30,000 Shares of Torchmark Stock (TMK)
Torchmark (NYSE:TMK) 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. Following the transaction, the insider now directly owns 47,773 shares of the company’s stock, valued at approximately $2,555,856. The sale was disclosed in a document filed with the SEC, which is available at this link.
TMK has been the subject of a number of recent research reports. 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. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $56.75.
Shares of Torchmark (NYSE:TMK) traded down 0.54% during mid-day trading on Friday, hitting $53.26. The stock had a trading volume of 525,584 shares. Torchmark has a 52 week low of $45.7933 and a 52 week high of $56.49. The stock’s 50-day moving average is $54.17 and its 200-day moving average is $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 announced its 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.
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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