Torchmark Corporation (TMK) Position Lowered by Sentry Investment Management LLC

Sentry Investment Management LLC decreased its stake in Torchmark Corporation (NYSE:TMK) by 32.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,218 shares of the insurance provider’s stock after selling 1,532 shares during the quarter. Sentry Investment Management LLC’s holdings in Torchmark were worth $292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. California Public Employees Retirement System lifted its stake in shares of Torchmark by 1.1% in the fourth quarter. California Public Employees Retirement System now owns 390,563 shares of the insurance provider’s stock valued at $35,428,000 after purchasing an additional 4,087 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Torchmark by 36.3% in the fourth quarter. Teacher Retirement System of Texas now owns 192,088 shares of the insurance provider’s stock valued at $17,424,000 after purchasing an additional 51,108 shares during the period. ING Groep NV lifted its stake in shares of Torchmark by 9.2% in the fourth quarter. ING Groep NV now owns 10,209 shares of the insurance provider’s stock valued at $926,000 after purchasing an additional 860 shares during the period. Monument Capital Management acquired a new stake in shares of Torchmark in the fourth quarter valued at about $2,002,000. Finally, Stephens Inc. AR lifted its stake in shares of Torchmark by 6.0% in the fourth quarter. Stephens Inc. AR now owns 23,626 shares of the insurance provider’s stock valued at $2,143,000 after purchasing an additional 1,327 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Torchmark Corporation (NYSE:TMK) opened at $86.30 on Thursday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.22. The stock has a market cap of $9,960.00, a PE ratio of 7.00, a price-to-earnings-growth ratio of 1.93 and a beta of 0.94. Torchmark Corporation has a 52-week low of $73.99 and a 52-week high of $93.60.

Torchmark (NYSE:TMK) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.01. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Torchmark had a net margin of 34.99% and a return on equity of 11.49%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 earnings per share. equities analysts expect that Torchmark Corporation will post 6.03 EPS for the current year.

TMK has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Torchmark from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine upgraded shares of Torchmark from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $83.00 price objective on shares of Torchmark in a research note on Friday, November 10th. SunTrust Banks raised their price objective on shares of Torchmark from $75.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, Goldman Sachs Group initiated coverage on shares of Torchmark in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $83.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $83.17.

In other Torchmark news, insider Roger C. Smith sold 30,000 shares of Torchmark stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $90.64, for a total transaction of $2,719,200.00. Following the completion of the transaction, the insider now owns 65,685 shares in the company, valued at $5,953,688.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James Matthew Darden sold 12,750 shares of Torchmark stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $90.89, for a total transaction of $1,158,847.50. Following the transaction, the executive vice president now owns 16,500 shares of the company’s stock, valued at approximately $1,499,685. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,250 shares of company stock valued at $6,466,133. 3.79% of the stock is currently owned by company insiders.

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About Torchmark

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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Institutional Ownership by Quarter for Torchmark (NYSE:TMK)

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