Shares of Torchmark Co. (NYSE:TMK) have received a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $85.38.
A number of analysts have weighed in on the company. Goldman Sachs Group cut Torchmark from a “neutral” rating to a “sell” rating and cut their price target for the company from $92.00 to $78.00 in a research note on Monday, September 10th. Zacks Investment Research upgraded Torchmark from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Thursday, October 4th. Finally, Morgan Stanley raised their price target on Torchmark from $80.00 to $81.00 and gave the company an “underweight” rating in a research note on Thursday, July 26th.
In other news, VP Carol A. Mccoy sold 18,000 shares of Torchmark stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $88.65, for a total transaction of $1,595,700.00. Following the sale, the vice president now owns 113,043 shares in the company, valued at $10,021,261.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vern D. Herbel sold 52,500 shares of Torchmark stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $88.25, for a total value of $4,633,125.00. Following the sale, the executive vice president now owns 52,500 shares in the company, valued at approximately $4,633,125. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 369,615 shares of company stock worth $32,604,043. 3.68% of the stock is owned by insiders.
NYSE:TMK traded up $1.11 during midday trading on Friday, reaching $86.03. The company had a trading volume of 566,700 shares, compared to its average volume of 575,610. The firm has a market cap of $9.64 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90. Torchmark has a 12-month low of $80.43 and a 12-month high of $93.60. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.15.
Torchmark (NYSE:TMK) last posted its quarterly earnings results on Wednesday, July 25th. The insurance provider reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.02. Torchmark had a return on equity of 11.23% and a net margin of 36.13%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $1.19 earnings per share. Torchmark’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that Torchmark will post 6.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Friday, October 5th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, October 4th. Torchmark’s dividend payout ratio is presently 13.28%.
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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