Torchmark Co. (NYSE:TMK) insider Michael Shane Henrie sold 15,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $87.33, for a total transaction of $1,309,950.00. Following the sale, the insider now owns 7,500 shares of the company’s stock, valued at $654,975. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Torchmark Co. (NYSE TMK) traded down $1.62 on Wednesday, hitting $85.37. 507,602 shares of the stock traded hands, compared to its average volume of 675,265. Torchmark Co. has a 52 week low of $73.99 and a 52 week high of $93.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market capitalization of $10,113.14, a PE ratio of 7.01, a PEG ratio of 2.03 and a beta of 0.93.
Torchmark (NYSE:TMK) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.01. Torchmark had a net margin of 34.99% and a return on equity of 11.49%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted $1.15 earnings per share. Torchmark’s revenue for the quarter was up 8.4% compared to the same quarter last year. equities research analysts anticipate that Torchmark Co. will post 6.03 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of TMK. APG Asset Management N.V. boosted its stake in Torchmark by 33.0% during the third quarter. APG Asset Management N.V. now owns 53,230 shares of the insurance provider’s stock worth $4,263,000 after acquiring an additional 13,200 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Torchmark during the third quarter worth $368,000. First Trust Advisors LP boosted its stake in Torchmark by 9.5% during the third quarter. First Trust Advisors LP now owns 162,724 shares of the insurance provider’s stock worth $13,033,000 after acquiring an additional 14,109 shares in the last quarter. Aperio Group LLC boosted its stake in Torchmark by 18.9% during the third quarter. Aperio Group LLC now owns 131,756 shares of the insurance provider’s stock worth $10,552,000 after acquiring an additional 20,929 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in Torchmark by 20.3% during the third quarter. Pictet Asset Management Ltd. now owns 129,908 shares of the insurance provider’s stock worth $10,404,000 after acquiring an additional 21,900 shares in the last quarter. 71.73% of the stock is currently owned by institutional investors and hedge funds.
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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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