Norinchukin Bank The increased its stake in shares of Torchmark Corporation (NYSE:TMK) by 11.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,296 shares of the insurance provider’s stock after buying an additional 446 shares during the period. Norinchukin Bank The’s holdings in Torchmark Corporation were worth $329,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Torchmark Corporation by 4.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 14,880 shares of the insurance provider’s stock worth $1,147,000 after buying an additional 610 shares during the period. BlackRock Inc. boosted its holdings in shares of Torchmark Corporation by 2,764.7% during the 1st quarter. BlackRock Inc. now owns 7,478,138 shares of the insurance provider’s stock worth $576,118,000 after buying an additional 7,217,094 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Torchmark Corporation by 2.2% during the 1st quarter. Victory Capital Management Inc. now owns 455,070 shares of the insurance provider’s stock worth $35,059,000 after buying an additional 9,591 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its holdings in shares of Torchmark Corporation by 21.5% during the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 19,914 shares of the insurance provider’s stock worth $1,523,000 after buying an additional 3,520 shares during the period. Finally, State of Wisconsin Investment Board boosted its holdings in shares of Torchmark Corporation by 9.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 83,343 shares of the insurance provider’s stock worth $6,376,000 after buying an additional 6,860 shares during the period. 71.93% of the stock is owned by institutional investors and hedge funds.

In other Torchmark Corporation news, VP Arvelia Bowie sold 16,875 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $78.45, for a total transaction of $1,323,843.75. Following the completion of the transaction, the vice president now owns 17,941 shares in the company, valued at $1,407,471.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Roger C. Smith sold 30,000 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $78.55, for a total transaction of $2,356,500.00. Following the transaction, the insider now owns 65,685 shares of the company’s stock, valued at approximately $5,159,556.75. The disclosure for this sale can be found here. Insiders have sold 137,821 shares of company stock valued at $10,837,593 in the last quarter. Company insiders own 3.79% of the company’s stock.

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Several analysts recently commented on the stock. Zacks Investment Research raised shares of Torchmark Corporation from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Thursday. BidaskClub downgraded shares of Torchmark Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Barclays PLC lifted their target price on shares of Torchmark Corporation from $65.00 to $67.00 and gave the stock an “underweight” rating in a report on Friday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $78.00 target price on shares of Torchmark Corporation in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.33.

Shares of Torchmark Corporation (NYSE:TMK) opened at 78.65 on Friday. The company has a market cap of $9.15 billion, a P/E ratio of 16.92 and a beta of 0.98. The firm has a 50-day moving average of $77.58 and a 200-day moving average of $76.95. Torchmark Corporation has a 12-month low of $62.86 and a 12-month high of $79.90.

Torchmark Corporation (NYSE:TMK) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. Torchmark Corporation had a net margin of 13.96% and a return on equity of 11.55%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company posted $1.11 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts predict that Torchmark Corporation will post $4.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, October 6th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.76%. Torchmark Corporation’s dividend payout ratio is presently 12.88%.

Torchmark Corporation 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.

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Institutional Ownership by Quarter for Torchmark Corporation (NYSE:TMK)

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