Torchmark Corporation (NYSE:TMK) – Stock analysts at Langen Mcalenn increased their Q3 2017 earnings estimates for Torchmark Corporation in a research report issued on Friday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the insurance provider will post earnings per share of $1.19 for the quarter, up from their previous forecast of $1.18. Langen Mcalenn also issued estimates for Torchmark Corporation’s Q4 2017 earnings at $1.21 EPS, FY2017 earnings at $4.75 EPS, Q1 2018 earnings at $1.25 EPS, Q2 2018 earnings at $1.28 EPS and FY2018 earnings at $5.15 EPS.
Torchmark Corporation (NYSE:TMK) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.02. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Torchmark Corporation had a return on equity of 11.70% and a net margin of 13.96%. Torchmark Corporation’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 earnings per share.
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Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Torchmark Corporation from a “sell” rating to a “hold” rating in a research note on Friday, April 7th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $75.00 target price on shares of Torchmark Corporation in a research note on Friday, April 21st. Finally, ValuEngine downgraded Torchmark Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $72.50.
Torchmark Corporation (TMK) opened at 79.12 on Monday. The stock’s 50 day moving average price is $77.41 and its 200 day moving average price is $76.41. Torchmark Corporation has a 52-week low of $60.49 and a 52-week high of $79.53. The firm has a market capitalization of $9.26 billion, a PE ratio of 17.00 and a beta of 0.98.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Wednesday, July 5th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.76%. Torchmark Corporation’s dividend payout ratio is presently 12.88%.
In other Torchmark Corporation news, insider Steven John Dichiaro sold 4,500 shares of Torchmark Corporation stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $75.08, for a total transaction of $337,860.00. Following the completion of the transaction, the insider now owns 12,860 shares in the company, valued at approximately $965,528.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lloyd W. Newton purchased 2,500 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average price of $75.28 per share, with a total value of $188,200.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 92,577 shares of company stock valued at $7,256,884. 3.79% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. increased its position in Torchmark Corporation by 2.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,427 shares of the insurance provider’s stock worth $187,000 after buying an additional 69 shares during the period. Global X Management Co. LLC increased its position in Torchmark Corporation by 539.3% in the first quarter. Global X Management Co. LLC now owns 2,506 shares of the insurance provider’s stock worth $193,000 after buying an additional 2,114 shares during the period. Ameritas Investment Partners Inc. bought a new position in Torchmark Corporation during the first quarter worth about $205,000. Aull & Monroe Investment Management Corp bought a new position in Torchmark Corporation during the first quarter worth about $206,000. Finally, Dai Ichi Life Insurance Company Ltd bought a new position in Torchmark Corporation during the first quarter worth about $206,000. Institutional investors and hedge funds own 74.96% of the company’s stock.
Torchmark Corporation Company Profile
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.
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