Torchmark Corporation (NYSE:TMK) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $5.00-5.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.06. Torchmark Corporation also updated its FY17 guidance to $4.77-4.83 EPS.

Shares of Torchmark Corporation (NYSE TMK) traded up 0.22% on Tuesday, hitting $83.88. The stock had a trading volume of 382,525 shares. The firm has a market cap of $9.76 billion, a P/E ratio of 18.04 and a beta of 1.00. The firm’s 50-day moving average price is $79.46 and its 200 day moving average price is $77.53. Torchmark Corporation has a 12 month low of $62.86 and a 12 month high of $84.07.

Torchmark Corporation (NYSE:TMK) last released its quarterly earnings results on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.03. Torchmark Corporation had a net margin of 13.96% and a return on equity of 11.55%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts anticipate that Torchmark Corporation will post $4.75 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.72%. Torchmark Corporation’s dividend payout ratio (DPR) is presently 12.88%.

Several brokerages recently issued reports on TMK. BidaskClub raised shares of Torchmark Corporation from a hold rating to a buy rating in a research note on Tuesday, August 1st. Zacks Investment Research cut shares of Torchmark Corporation from a hold rating to a sell rating in a research note on Thursday, July 6th. Goldman Sachs Group, Inc. (The) began coverage on shares of Torchmark Corporation in a research note on Wednesday, October 18th. They set a neutral rating and a $83.00 price objective for the company. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $78.00 price objective on shares of Torchmark Corporation in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $75.83.

In other news, EVP Vern D. Herbel sold 27,500 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $78.62, for a total value of $2,162,050.00. Following the completion of the sale, the executive vice president now owns 56,943 shares of the company’s stock, valued at approximately $4,476,858.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert W. Ingram sold 1,827 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $78.66, for a total transaction of $143,711.82. The disclosure for this sale can be found here. In the last three months, insiders sold 137,821 shares of company stock valued at $10,837,593. Corporate insiders own 3.79% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Torchmark Corporation (TMK) Updates FY18 Earnings Guidance” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at

About Torchmark Corporation

Torchmark Corporation (Torchmark) is an insurance holding company. The Company, through its subsidiaries, provides a range of life and health insurance products and annuities to a base of customers. The Company’s segments include life insurance, health insurance, annuities and investment. The life insurance segment includes traditional and interest-sensitive whole life insurance as well as term life insurance.

Earnings History and Estimates for Torchmark Corporation (NYSE:TMK)

Receive News & Ratings for Torchmark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torchmark Corporation and related companies with's FREE daily email newsletter.