Torchmark (NYSE:TMK) is set to release its earnings data after the market closes on Tuesday, January 30th. Analysts expect Torchmark to post earnings of $1.22 per share for the quarter.
Torchmark (NYSE:TMK) last announced its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.03. The firm had revenue of $1.05 billion during 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 business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 EPS. On average, analysts expect Torchmark to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of Torchmark (TMK) opened at $92.78 on Tuesday. The stock has a market capitalization of $10,640.00, a PE ratio of 20.00, a P/E/G ratio of 2.21 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.06 and a quick ratio of 0.06. Torchmark has a one year low of $72.59 and a one year high of $93.34.
Several brokerages recently issued reports on TMK. Zacks Investment Research raised Torchmark from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Thursday, January 11th. Goldman Sachs Group assumed coverage on Torchmark in a research note on Wednesday, October 18th. They set a “neutral” rating and a $83.00 price target for the company. SunTrust Banks raised their price target on Torchmark from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $83.00 price target on shares of Torchmark in a research note on Friday, November 10th. Finally, ValuEngine raised Torchmark from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $81.67.
In other news, EVP W Michael Pressley sold 52,500 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 105,948 shares of the company’s stock, valued at approximately $8,892,215.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Gary L. Coleman sold 37,500 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $83.28, for a total value of $3,123,000.00. Following the transaction, the chairman now directly owns 666,875 shares in the company, valued at approximately $55,537,350. The disclosure for this sale can be found here. Insiders have sold a total of 234,335 shares of company stock valued at $20,167,546 over the last ninety days. Company insiders own 3.79% of the company’s stock.
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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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