Insider Selling: Torchmark Co. (NYSE:TMK) Insider Sells 1,875 Shares of Stock

Torchmark Co. (NYSE:TMK) insider John Henry Rogers, Jr. sold 1,875 shares of Torchmark stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $88.16, for a total value of $165,300.00. Following the completion of the transaction, the insider now directly owns 1,875 shares in the company, valued at approximately $165,300. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Torchmark stock opened at $88.70 on Tuesday. The stock has a market cap of $9.73 billion, a PE ratio of 18.14, a PEG ratio of 1.08 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.05 and a quick ratio of 0.05. Torchmark Co. has a 52-week low of $80.28 and a 52-week high of $93.60.

Torchmark (NYSE:TMK) last announced its quarterly earnings results on Wednesday, July 25th. The insurance provider reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.02. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Torchmark had a return on equity of 11.23% and a net margin of 36.13%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 EPS. Equities analysts expect that Torchmark Co. will post 6.07 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Friday, October 5th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $0.64 annualized dividend and a yield of 0.72%. Torchmark’s dividend payout ratio (DPR) is currently 13.28%.

A number of equities research analysts have commented on TMK shares. Goldman Sachs Group lowered Torchmark from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $92.00 to $78.00 in a research report on Monday, September 10th. Zacks Investment Research upgraded Torchmark from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Saturday, July 7th. Finally, Morgan Stanley raised their price objective on Torchmark from $80.00 to $81.00 and gave the stock an “underweight” rating in a research report on Thursday, July 26th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $85.38.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC acquired a new stake in Torchmark in the 2nd quarter worth approximately $101,000. Braun Bostich & Associates Inc. increased its position in Torchmark by 1,298.9% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,287 shares of the insurance provider’s stock worth $105,000 after buying an additional 1,195 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in Torchmark by 22,414.3% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,576 shares of the insurance provider’s stock worth $128,000 after buying an additional 1,569 shares during the period. IBM Retirement Fund bought a new position in Torchmark in the 1st quarter worth approximately $211,000. Finally, Quantbot Technologies LP bought a new position in Torchmark in the 1st quarter worth approximately $212,000. Hedge funds and other institutional investors own 73.95% of the company’s stock.

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, 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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Insider Buying and Selling by Quarter for Torchmark (NYSE:TMK)

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