November 24, 2016 - By Peter Kolinski
Mr. Lamar Smith, the present director at Torchmark Corp has not a long ago been involved with an open market trade of 7,197 shares of the Pinksheet-listed company, valued at $70.1 per share. The sell was for of $504,725 US Dollars. Right now, Lamar Smith owns 62,796 shares which are precisely 0.05% of the Company’s market capitalization.
Out of 8 analysts covering Torchmark Corporation (NYSE:TMK), 0 rate it a “Buy”, 4 “Sell”, while 4 “Hold”. This means 0 are positive. $61 is the highest target while $51 is the lowest. The $55.80 average target is -21.32% below today’s ($70.92) stock price. Torchmark Corporation has been the topic of 20 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Wednesday, January 13, the company rating was upgraded by Wells Fargo. The stock of Torchmark Corporation (NYSE:TMK) has “Sell” rating given on Wednesday, August 19 by Zacks. Morgan Stanley downgraded Torchmark Corporation (NYSE:TMK) on Thursday, August 13 to “Underweight” rating. The firm has “Sell” rating given on Wednesday, February 24 by Goldman Sachs. The rating was downgraded by Bank of America to “Underperform” on Friday, November 18. The firm has “Underperform” rating by Bank of America given on Wednesday, July 29. As per Friday, September 23, the company rating was reinitiated by Wells Fargo. The firm has “Neutral” rating by Credit Suisse given on Friday, October 7. The stock of Torchmark Corporation (NYSE:TMK) has “Market Perform” rating given on Monday, August 3 by FBR Capital. The stock of Torchmark Corporation (NYSE:TMK) has “Neutral” rating given on Tuesday, November 17 by Goldman Sachs.
Insitutional Activity: The institutional sentiment increased to 0.94 in 2016 Q2. Its up 0.17, from 0.77 in 2016Q1. The ratio improved, as 25 funds sold all Torchmark Corporation shares owned while 146 reduced positions. 44 funds bought stakes while 88 increased positions. They now own 87.73 million shares or 7.54% less from 94.88 million shares in 2016Q1.
Legal & General Grp Public Limited Liability Corporation last reported 534,635 shares in the company. Federated Inc Pa has 0% invested in the company for 12,595 shares. Schwab Charles Investment Mgmt holds 0.03% or 444,088 shares in its portfolio. Tiaa Cref Investment Limited Liability Corp holds 251,164 shares or 0.01% of its portfolio. Busey Company reported 44,122 shares or 0.35% of all its holdings. Capstone Asset Mgmt, a Texas-based fund reported 66,774 shares. Shinko Asset Limited accumulated 0% or 295 shares. Bryn Mawr Tru, a Pennsylvania-based fund reported 42,050 shares. Prudential Inc holds 0.04% or 374,936 shares in its portfolio. Ubs Asset Mgmt Americas last reported 0.02% of its portfolio in the stock. Allianz Asset Mgmt Ag last reported 0% of its portfolio in the stock. Montgomery Mngmt has invested 1.61% of its portfolio in Torchmark Corporation (NYSE:TMK). Orrstown Financial Svcs holds 0.02% or 287 shares in its portfolio. The Connecticut-based Aqr Capital Lc has invested 0.05% in Torchmark Corporation (NYSE:TMK). Meeder Asset Management has 9,908 shares for 0.06% of their US portfolio.
Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 34 selling transactions for $39.04 million net activity. On Friday, August 5 SVOBODA FRANK M sold $1.32M worth of the stock or 21,250 shares. Bertini Domenico had sold 4,500 shares worth $314,955 on Thursday, November 17. BUCHAN MELISSA JANE sold $272,020 worth of stock. $5.45M worth of shares were sold by HERBEL VERN D on Friday, August 5. On Tuesday, May 31 SMITH ROGER C sold $1.84M worth of the stock or 30,000 shares. MCCOY CAROL A sold $388,839 worth of Torchmark Corporation (NYSE:TMK) on Tuesday, November 8. Rogers John Henry JR had sold 875 shares worth $56,901.
The stock increased 0.34% or $0.24 during the last trading session, hitting $70.92. About 599,042 shares traded hands or 13.02% up from the average. Torchmark Corporation (NYSE:TMK) has risen 24.14% since April 22, 2016 and is uptrending. It has outperformed by 18.73% the S&P500.
Torchmark Corporation is an insurance holding company. The company has a market cap of $8.45 billion. The Company, through its subsidiaries, provides a range of life and health insurance products and annuities to a broad base of customers. It has a 16.26 P/E ratio. The Company’s divisions include life insurance, health insurance, annuities and investment.
According to Zacks Investment Research, “Torchmark Corporation is a financial services holding company specializing in life and supplemental health insurance for middle income Americans marketed through multiple distribution channels including direct response, exclusive and independent agencies. (Press Release)”
Analysts await Torchmark Corporation (NYSE:TMK) to report earnings on February, 1. They expect $1.13 earnings per share, up 7.62% or $0.08 from last year’s $1.05 per share. TMK’s profit will be $134.64 million for 15.69 P/E if the $1.13 EPS becomes a reality. After $1.15 actual earnings per share reported by Torchmark Corporation for the previous quarter, Wall Street now forecasts -1.74% negative EPS growth.
More recent Torchmark Corporation (NYSE:TMK) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on July 27, 2009. Also Seekingalpha.com published the news titled: “Torchmark Corporation’s (TMK) CEO Gary Coleman on Q2 2016 Results – Earnings ..” on July 28, 2016. Seekingalpha.com‘s news article titled: “Torchmark Corporation’s (TMK) CEO Gary Coleman on Q3 2016 Results – Earnings ..” with publication date: October 26, 2016 was also an interesting one.
Torchmark Corporation (Torchmark), incorporated on November 29, 1979, is an insurance holding company. The Company, through its subsidiaries, provides a range of life and health insurance products and annuities to a broad base of customers. The Company’s divisions include life insurance, health insurance, annuities and investment. The life insurance segment offers whole-life insurance and term life insurance. The Health insurance products are guaranteed-renewable and include Medicare Supplement, critical illness, accident, long-term care and limited-benefit supplemental hospital and surgical coverage’s. Annuities include fixed-benefit contracts. The Firm markets its insurance products through various distribution channels, each of which sells the products of its insurance divisions. The Company’s primary subsidiaries are American Income Life Insurance Company (American Income), Liberty National Life Insurance Company (Liberty National), Globe Life And Accident Insurance Company (Globe), United American Insurance Company (United American), and Family Heritage Life Insurance Company of America (Family Heritage).
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