Torchmark Corp. (NYSE:TMK) insider Michael Shane Henrie sold 300 shares of Torchmark Corp. stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $64.32, for a total transaction of $19,296.00. Following the transaction, the insider now directly owns 300 shares in the company, valued at $19,296. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Shane Henrie also recently made the following trade(s):

  • On Monday, August 15th, Michael Shane Henrie sold 500 shares of Torchmark Corp. stock. The shares were sold at an average price of $61.99, for a total transaction of $30,995.00.
  • On Friday, July 29th, Michael Shane Henrie sold 550 shares of Torchmark Corp. stock. The shares were sold at an average price of $61.94, for a total transaction of $34,067.00.

Torchmark Corp. (NYSE:TMK) opened at 64.07 on Tuesday. Torchmark Corp. has a 52-week low of $48.47 and a 52-week high of $65.20. The firm has a market capitalization of $7.67 billion, a P/E ratio of 14.74 and a beta of 1.08. The company’s 50-day moving average is $63.23 and its 200-day moving average is $59.56.

Torchmark Corp. (NYSE:TMK) last announced its earnings results on Wednesday, July 27th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.02. The company earned $992 million during the quarter, compared to analysts’ expectations of $979.43 million. Torchmark Corp. had a net margin of 13.85% and a return on equity of 12.19%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. On average, analysts predict that Torchmark Corp. will post $4.45 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Friday, October 7th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.87%. Torchmark Corp.’s dividend payout ratio (DPR) is presently 12.84%.

Several research firms have issued reports on TMK. Zacks Investment Research lowered shares of Torchmark Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Royal Bank Of Canada lifted their price target on shares of Torchmark Corp. from $53.00 to $55.00 and gave the stock an “underperform” rating in a report on Monday, August 1st. Bank of America Corp. raised shares of Torchmark Corp. from an “underperform” rating to a “neutral” rating in a report on Wednesday, June 29th. Goldman Sachs Group Inc. raised shares of Torchmark Corp. from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $54.00 to $60.00 in a report on Friday, July 15th. Finally, Citigroup Inc. lifted their price target on shares of Torchmark Corp. from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $57.91.

Large investors have recently modified their holdings of the company. Pillar Pacific Capital Management LLC increased its stake in shares of Torchmark Corp. by 0.3% in the second quarter. Pillar Pacific Capital Management LLC now owns 6,446 shares of the company’s stock worth $398,000 after buying an additional 17 shares during the period. Veritable L.P. increased its stake in shares of Torchmark Corp. by 0.8% in the second quarter. Veritable L.P. now owns 4,273 shares of the company’s stock worth $264,000 after buying an additional 33 shares during the period. CIBC Asset Management Inc increased its stake in shares of Torchmark Corp. by 0.9% in the second quarter. CIBC Asset Management Inc now owns 11,768 shares of the company’s stock worth $727,000 after buying an additional 100 shares during the period. State Treasurer State of Michigan increased its stake in shares of Torchmark Corp. by 0.3% in the second quarter. State Treasurer State of Michigan now owns 38,946 shares of the company’s stock worth $2,408,000 after buying an additional 100 shares during the period. Finally, Balentine LLC increased its stake in shares of Torchmark Corp. by 5.7% in the second quarter. Balentine LLC now owns 1,855 shares of the company’s stock worth $115,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Torchmark Corp. Company Profile

Torchmark Corporation is an insurance holding company. The Company, through its subsidiaries, provides a range of life and health insurance products and annuities to a broad base of customers. The Company’s segments include life insurance, health insurance, annuities and investment. The life insurance segment offers whole-life insurance and term life insurance.

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