Torchmark Co. (NYSE:TMK) EVP Robert Brian Mitchell sold 12,000 shares of Torchmark stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $81.67, for a total transaction of $980,040.00. Following the completion of the transaction, the executive vice president now owns 51,808 shares of the company’s stock, valued at approximately $4,231,159.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE:TMK opened at $82.68 on Friday. Torchmark Co. has a 1 year low of $69.68 and a 1 year high of $89.62. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.06 and a quick ratio of 0.06. The company has a market capitalization of $9.06 billion, a PE ratio of 13.49, a PEG ratio of 1.65 and a beta of 1.00.

Torchmark (NYSE:TMK) last posted its earnings results on Tuesday, February 5th. The insurance provider reported $1.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.56. Torchmark had a net margin of 16.32% and a return on equity of 12.66%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. Torchmark’s quarterly revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Torchmark Co. will post 6.61 EPS for the current year.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Torchmark from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. ValuEngine cut shares of Torchmark from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. Finally, JPMorgan Chase & Co. upgraded shares of Torchmark from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $85.60.

Several large investors have recently bought and sold shares of TMK. CSat Investment Advisory L.P. increased its holdings in shares of Torchmark by 60.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 407 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 153 shares in the last quarter. Arbor Wealth Management LLC acquired a new stake in shares of Torchmark in the fourth quarter valued at approximately $38,000. Captrust Financial Advisors acquired a new stake in shares of Torchmark in the fourth quarter valued at approximately $45,000. Capital Financial Planning LLC acquired a new stake in shares of Torchmark in the fourth quarter valued at approximately $56,000. Finally, Murphy Pohlad Asset Management LLC acquired a new stake in shares of Torchmark in the fourth quarter valued at approximately $72,000. Institutional investors own 74.66% of the company’s stock.

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Torchmark Company Profile

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, Health Insurance, Annuity, and Investment. The company offers traditional and interest-sensitive whole life insurance, as well as term life insurance.

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