Torchmark Co. (TMK) Shares Sold by MERIAN GLOBAL INVESTORS UK Ltd

MERIAN GLOBAL INVESTORS UK Ltd lessened its position in Torchmark Co. (NYSE:TMK) by 79.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 134,133 shares of the insurance provider’s stock after selling 506,648 shares during the quarter. MERIAN GLOBAL INVESTORS UK Ltd owned approximately 0.12% of Torchmark worth $9,996,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TMK. Nissay Asset Management Corp Japan ADV boosted its position in shares of Torchmark by 2.4% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 9,375 shares of the insurance provider’s stock worth $699,000 after acquiring an additional 217 shares in the last quarter. Kays Financial Advisory Corp ADV boosted its position in shares of Torchmark by 4.5% during the 4th quarter. Kays Financial Advisory Corp ADV now owns 19,737 shares of the insurance provider’s stock worth $1,471,000 after acquiring an additional 850 shares in the last quarter. Enlightenment Research LLC acquired a new position in shares of Torchmark during the 4th quarter worth about $82,000. Daiwa Securities Group Inc. boosted its position in shares of Torchmark by 60.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 96,156 shares of the insurance provider’s stock worth $7,167,000 after acquiring an additional 36,218 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Torchmark by 10.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 55,546 shares of the insurance provider’s stock worth $4,140,000 after acquiring an additional 5,107 shares in the last quarter. Hedge funds and other institutional investors own 75.04% of the company’s stock.

Several research firms have recently issued reports on TMK. Zacks Investment Research raised Torchmark from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Saturday, January 5th. ValuEngine raised Torchmark from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Morgan Stanley upped their price objective on Torchmark from $81.00 to $83.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 13th. JPMorgan Chase & Co. raised Torchmark from a “neutral” rating to an “overweight” rating in a research report on Wednesday, January 2nd. Finally, SunTrust Banks lowered their price objective on Torchmark from $89.00 to $84.00 and set a “hold” rating for the company in a research report on Monday, October 29th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.17.

Shares of NYSE TMK opened at $83.36 on Tuesday. The stock has a market capitalization of $9.30 billion, a P/E ratio of 13.60, a PEG ratio of 1.65 and a beta of 1.01. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.25. Torchmark Co. has a 52-week low of $69.68 and a 52-week high of $89.62.

Torchmark (NYSE:TMK) last announced its earnings results on Tuesday, February 5th. The insurance provider reported $1.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.56. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Torchmark had a return on equity of 12.54% and a net margin of 16.32%. The business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS. As a group, research analysts forecast that Torchmark Co. will post 6.63 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Torchmark (NYSE:TMK)

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