Torchmark Corporation (NYSE:TMK) EVP James Matthew Darden sold 12,750 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $90.89, for a total value of $1,158,847.50. Following the transaction, the executive vice president now owns 16,500 shares in the company, valued at approximately $1,499,685. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Torchmark Corporation (NYSE TMK) traded up $0.36 during mid-day trading on Friday, hitting $91.06. The company’s stock had a trading volume of 749,609 shares, compared to its average volume of 547,552. Torchmark Corporation has a 1 year low of $72.59 and a 1 year high of $91.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market cap of $10,444.47, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 2.44 and a beta of 1.01.

Torchmark (NYSE:TMK) last posted 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. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Torchmark had a return on equity of 11.60% and a net margin of 13.80%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.15 EPS. research analysts forecast that Torchmark Corporation will post 4.8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, January 5th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.60 annualized dividend and a dividend yield of 0.66%. Torchmark’s payout ratio is currently 12.77%.

A number of research firms have weighed in on TMK. ValuEngine upgraded Torchmark from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Torchmark from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. SunTrust Banks upped their target price on Torchmark from $75.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $83.00 target price on shares of Torchmark in a report on Friday, November 10th. Finally, Goldman Sachs Group began coverage on Torchmark in a report on Wednesday, October 18th. They set a “neutral” rating and a $83.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $78.86.

Several institutional investors have recently bought and sold shares of TMK. Schwab Charles Investment Management Inc. grew its stake in shares of Torchmark by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 499,721 shares of the insurance provider’s stock worth $38,229,000 after buying an additional 14,400 shares during the last quarter. Pacad Investment Ltd. grew its stake in shares of Torchmark by 583.3% in the 2nd quarter. Pacad Investment Ltd. now owns 4,100 shares of the insurance provider’s stock worth $314,000 after buying an additional 3,500 shares during the last quarter. Swiss National Bank grew its stake in shares of Torchmark by 2.1% in the 2nd quarter. Swiss National Bank now owns 407,928 shares of the insurance provider’s stock worth $31,206,000 after buying an additional 8,400 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Torchmark by 3.9% in the 2nd quarter. Schroder Investment Management Group now owns 710,904 shares of the insurance provider’s stock worth $54,256,000 after buying an additional 26,789 shares during the last quarter. Finally, Edgestream Partners L.P. grew its stake in shares of Torchmark by 37.6% in the 2nd quarter. Edgestream Partners L.P. now owns 5,951 shares of the insurance provider’s stock worth $455,000 after buying an additional 1,627 shares during the last quarter. Institutional investors own 72.46% of the company’s stock.

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Torchmark 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.

Insider Buying and Selling by Quarter for Torchmark (NYSE:TMK)

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