Torchmark Co. (TMK) Plans Quarterly Dividend of $0.13
Torchmark (NYSE:TMK) declared a quarterly dividend on Wednesday, August 20th, Stock Ratings Network.com reports. Stockholders of record on Friday, October 3rd will be given a dividend of 0.1267 per share on Friday, October 31st. This represents a $0.51 dividend on an annualized basis and a yield of 0.94%.
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. On a related note, 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’s stock. Torchmark currently has a consensus rating of “Hold” and a consensus price target of $56.75.
Torchmark (NYSE:TMK) traded up 0.43% during mid-day trading on Wednesday, hitting $54.03. The stock had a trading volume of 470,515 shares. 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 $54.14 and a 200-day moving average of $53.03. The company has a market cap of $7.056 billion and a P/E ratio of 13.59.
Torchmark (NYSE:TMK) last announced its earnings results on Wednesday, August 20th. The company reported $1.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.03 by $0.01. Analysts expect that Torchmark will post $4.11 EPS for the current fiscal year.
In other Torchmark news, CEO Larry M. Hutchison sold 37,500 shares of Torchmark stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $53.83, for a total value of $2,018,625.00. The transaction was disclosed in a legal filing with the SEC, 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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