Shares of NYSE TMK opened at $85.04 on Wednesday. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.36 and a beta of 0.94. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.18. Torchmark Co. has a 52 week low of $73.99 and a 52 week high of $93.60.
Torchmark Co. (NYSE:TMK) CEO Larry M. Hutchison sold 9,000 shares of the business’s stock in a transaction dated Monday, April 23rd. The shares were sold at an average price of $87.07, for a total transaction of $783,630.00. Following the completion of the sale, the chief executive officer now directly owns 531,603 shares of the company’s stock, valued at approximately $46,286,673.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Torchmark (NYSE:TMK) last issued its quarterly earnings results on Wednesday, April 18th. The insurance provider reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.02. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Torchmark had a return on equity of 11.05% and a net margin of 35.56%. During the same quarter last year, the company posted $1.15 EPS. equities analysts forecast that Torchmark Co. will post 6.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 3rd were paid a $0.16 dividend. This is a boost from Torchmark’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Monday, April 2nd. Torchmark’s payout ratio is 13.28%.
A number of institutional investors have recently made changes to their positions in the business. Signaturefd LLC bought a new stake in shares of Torchmark during the first quarter valued at approximately $122,000. LS Investment Advisors LLC boosted its position in shares of Torchmark by 7.6% during the first quarter. LS Investment Advisors LLC now owns 23,151 shares of the insurance provider’s stock valued at $1,949,000 after purchasing an additional 1,631 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Torchmark during the first quarter valued at approximately $2,472,000. Aperio Group LLC boosted its position in shares of Torchmark by 6.6% during the first quarter. Aperio Group LLC now owns 142,139 shares of the insurance provider’s stock valued at $11,964,000 after purchasing an additional 8,771 shares in the last quarter. Finally, ING Groep NV boosted its position in shares of Torchmark by 6.2% during the first quarter. ING Groep NV now owns 10,841 shares of the insurance provider’s stock valued at $912,000 after purchasing an additional 632 shares in the last quarter. 75.02% of the stock is currently owned by institutional investors and hedge funds.
TMK has been the subject of several recent research reports. ValuEngine raised Torchmark from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Torchmark from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Thursday, January 11th. Bank of America initiated coverage on Torchmark in a report on Monday, March 26th. They set a “buy” rating and a $97.00 price target on the stock. UBS initiated coverage on Torchmark in a report on Friday, March 2nd. They issued a “sell” rating and a $83.00 target price on the stock. Finally, Wells Fargo set a $78.00 target price on Torchmark and gave the stock a “sell” rating in a report on Wednesday, February 7th. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $84.56.
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.