Torchmark Co. (TMK) EVP Robert Brian Mitchell Sells 12,000 Shares
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.
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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