Torchmark Corporation (TMK) Given Average Rating of “Hold” by Brokerages
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%.
ILLEGAL ACTIVITY NOTICE: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/21/torchmark-corporation-tmk-given-average-rating-of-hold-by-brokerages.html.
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.
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 MarketBeat.com's FREE daily email newsletter.