Goldman Sachs Group Inc. lifted its holdings in shares of Torchmark Co. (NYSE:TMK) by 30.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,825,563 shares of the insurance provider’s stock after purchasing an additional 426,500 shares during the quarter. Goldman Sachs Group Inc. owned about 1.58% of Torchmark worth $165,597,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TMK. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Torchmark by 9.0% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,448 shares of the insurance provider’s stock worth $1,397,000 after purchasing an additional 1,446 shares during the period. State of Wisconsin Investment Board boosted its holdings in Torchmark by 6.7% during the 3rd quarter. State of Wisconsin Investment Board now owns 88,891 shares of the insurance provider’s stock valued at $7,119,000 after acquiring an additional 5,548 shares during the period. Swiss National Bank boosted its holdings in Torchmark by 0.5% during the 3rd quarter. Swiss National Bank now owns 409,928 shares of the insurance provider’s stock valued at $32,831,000 after acquiring an additional 2,000 shares during the period. Sei Investments Co. boosted its holdings in Torchmark by 13.9% during the 3rd quarter. Sei Investments Co. now owns 51,129 shares of the insurance provider’s stock valued at $4,095,000 after acquiring an additional 6,223 shares during the period. Finally, Lingohr & Partner Asset Management GmbH purchased a new position in Torchmark during the 3rd quarter valued at about $1,559,000. Institutional investors and hedge funds own 74.74% of the company’s stock.
A number of equities analysts recently commented on TMK shares. Zacks Investment Research cut Torchmark from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. ValuEngine upgraded Torchmark from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. UBS Group started coverage on Torchmark in a report on Friday, March 2nd. They set a “sell” rating and a $83.00 target price for the company. Finally, Wells Fargo & Co set a $78.00 target price on Torchmark and gave the company a “sell” rating in a report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $83.14.
Shares of Torchmark Co. (NYSE TMK) opened at $87.34 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market capitalization of $9,963.91, a PE ratio of 18.16, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97. Torchmark Co. has a 12-month low of $73.99 and a 12-month high of $93.60.
Torchmark (NYSE:TMK) last posted its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.01. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Torchmark had a return on equity of 10.81% and a net margin of 34.99%. Torchmark’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 EPS. equities research analysts expect that Torchmark Co. will post 6.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 3rd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Monday, April 2nd. This is a positive change from Torchmark’s previous quarterly dividend of $0.15. Torchmark’s dividend payout ratio (DPR) is 4.88%.
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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