Torchmark Co. (NYSE:TMK) CFO Frank M. Svoboda sold 12,375 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $86.88, for a total transaction of $1,075,140.00. Following the completion of the sale, the chief financial officer now owns 105,828 shares of the company’s stock, valued at approximately $9,194,336.64. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Torchmark Co. (NYSE TMK) opened at $86.38 on Wednesday. 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 company has a market cap of $9,927.41, a P/E ratio of 18.09, a P/E/G ratio of 2.01 and a beta of 0.97. Torchmark Co. has a 12-month low of $73.99 and a 12-month high of $93.60.

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Torchmark (NYSE:TMK) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.01. Torchmark had a net margin of 34.99% and a return on equity of 10.81%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. research analysts forecast that Torchmark Co. will post 6.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 3rd will be given a $0.16 dividend. This is an increase from Torchmark’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, April 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.74%. Torchmark’s dividend payout ratio is presently 4.88%.

Hedge funds have recently added to or reduced their stakes in the business. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in Torchmark in the 4th quarter worth approximately $149,000. Fuller & Thaler Asset Management Inc. lifted its position in Torchmark by 63.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the insurance provider’s stock worth $144,000 after buying an additional 700 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Torchmark in the 4th quarter worth approximately $173,000. Invictus RG purchased a new stake in Torchmark in the 3rd quarter worth approximately $165,000. Finally, YCG LLC purchased a new stake in Torchmark in the 4th quarter worth approximately $204,000. Institutional investors own 74.74% of the company’s stock.

TMK has been the subject of several research analyst reports. ValuEngine upgraded shares of Torchmark from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Torchmark from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Thursday, January 11th. UBS Group initiated coverage on shares of Torchmark in a research report on Friday, March 2nd. They issued a “sell” rating and a $83.00 price target for the company. Finally, Wells Fargo & Co set a $78.00 price target on shares of Torchmark and gave the company a “sell” rating in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $83.14.

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About Torchmark

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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