Shares of Torchmark Corporation (NYSE:TMK) have been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned 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 $78.86.
Several research analysts have weighed in on TMK shares. Zacks Investment Research raised shares of Torchmark Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $78.00 price target on shares of Torchmark Corporation in a research report on Sunday, October 8th. Goldman Sachs Group, Inc. (The) began coverage on shares of Torchmark Corporation in a research report on Wednesday, October 18th. They set a “neutral” rating and a $83.00 price target on the stock. Barclays PLC increased their price target on shares of Torchmark Corporation from $65.00 to $67.00 and gave the stock an “underweight” rating in a research report on Friday, August 11th. Finally, BidaskClub raised shares of Torchmark Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st.
In other Torchmark Corporation news, VP Michael Clay Majors sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $84.71, for a total transaction of $635,325.00. Following the sale, the vice president now owns 10,760 shares of the company’s stock, valued at $911,479.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP W Michael Pressley sold 52,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $83.93, for a total transaction of $4,406,325.00. Following the sale, the executive vice president now directly owns 105,948 shares in the company, valued at approximately $8,892,215.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 163,085 shares of company stock worth $13,701,414. 3.79% of the stock is owned by corporate insiders.
Torchmark Corporation (NYSE TMK) opened at $85.08 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market cap of $9,863.77, a PE ratio of 18.06, a price-to-earnings-growth ratio of 2.48 and a beta of 1.00. Torchmark Corporation has a 12 month low of $69.55 and a 12 month high of $86.50.
Torchmark Corporation (NYSE:TMK) last announced its earnings results on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Torchmark Corporation had a net margin of 13.80% and a return on equity of 11.60%. Torchmark Corporation’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.15 earnings per share. equities analysts forecast that Torchmark Corporation will post 4.8 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, January 5th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.60 annualized dividend and a yield of 0.71%. Torchmark Corporation’s dividend payout ratio (DPR) is 12.77%.
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Torchmark Corporation Company Profile
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.
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