Torchmark Co. (NYSE:TMK)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $79.37 and last traded at $80.15, with a volume of 22508 shares traded. The stock had previously closed at $82.22.

A number of research firms have recently issued reports on TMK. Morgan Stanley increased their price objective on shares of Torchmark from $81.00 to $83.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 13th. SunTrust Banks cut their price objective on shares of Torchmark from $89.00 to $84.00 and set a “hold” rating on the stock in a research report on Monday, October 29th. Zacks Investment Research raised shares of Torchmark from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Thursday, October 4th. Finally, Goldman Sachs Group cut shares of Torchmark from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $92.00 to $78.00 in a research report on Monday, September 10th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $85.86.

The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 0.96 and a beta of 0.86. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.09 and a current ratio of 0.09.

Torchmark (NYSE:TMK) last announced its quarterly earnings results on Wednesday, October 24th. The insurance provider reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.06. Torchmark had a net margin of 36.42% and a return on equity of 11.70%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Equities analysts predict that Torchmark Co. will post 6.13 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Friday, January 4th will be given a $0.16 dividend. The ex-dividend date is Thursday, January 3rd. This represents a $0.64 annualized dividend and a yield of 0.80%. Torchmark’s payout ratio is 13.28%.

In related news, insider John Henry Rogers, Jr. sold 1,875 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $88.16, for a total value of $165,300.00. Following the transaction, the insider now owns 1,875 shares of the company’s stock, valued at approximately $165,300. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Frank M. Svoboda sold 12,375 shares of the firm’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $87.70, for a total transaction of $1,085,287.50. Following the completion of the transaction, the chief financial officer now directly owns 105,828 shares in the company, valued at approximately $9,281,115.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,461 shares of company stock worth $1,268,301. 3.68% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in Torchmark by 148.3% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 640,781 shares of the insurance provider’s stock valued at $55,549,000 after buying an additional 382,677 shares during the last quarter. Bank of Nova Scotia increased its stake in Torchmark by 2,226.5% in the 2nd quarter. Bank of Nova Scotia now owns 315,451 shares of the insurance provider’s stock valued at $25,680,000 after buying an additional 301,892 shares during the last quarter. First Trust Advisors LP increased its stake in Torchmark by 150.4% in the 2nd quarter. First Trust Advisors LP now owns 392,389 shares of the insurance provider’s stock valued at $31,944,000 after buying an additional 235,655 shares during the last quarter. Millennium Management LLC increased its stake in Torchmark by 305.0% in the 2nd quarter. Millennium Management LLC now owns 302,176 shares of the insurance provider’s stock valued at $24,600,000 after buying an additional 227,566 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Torchmark by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 12,664,337 shares of the insurance provider’s stock valued at $1,097,870,000 after buying an additional 210,422 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

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Torchmark Company Profile (NYSE:TMK)

Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. It operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. The Life Insurance segment offers traditional and interest-sensitive whole life and term life insurance, and other life insurance.

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