WINTON GROUP Ltd trimmed its position in shares of Torchmark Co. (NYSE:TMK) by 65.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,803 shares of the insurance provider’s stock after selling 8,990 shares during the quarter. WINTON GROUP Ltd’s holdings in Torchmark were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Torchmark by 1.7% during the fourth quarter. BlackRock Inc. now owns 7,738,856 shares of the insurance provider’s stock worth $701,992,000 after acquiring an additional 131,170 shares during the period. Geode Capital Management LLC increased its stake in shares of Torchmark by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,245,814 shares of the insurance provider’s stock worth $112,786,000 after acquiring an additional 43,407 shares during the period. SPF Beheer BV increased its stake in shares of Torchmark by 6.4% during the third quarter. SPF Beheer BV now owns 906,971 shares of the insurance provider’s stock worth $72,639,000 after acquiring an additional 54,934 shares during the period. Schroder Investment Management Group increased its stake in shares of Torchmark by 2.8% during the fourth quarter. Schroder Investment Management Group now owns 702,432 shares of the insurance provider’s stock worth $63,718,000 after acquiring an additional 19,274 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Torchmark by 245.8% during the fourth quarter. Acadian Asset Management LLC now owns 667,797 shares of the insurance provider’s stock worth $60,576,000 after acquiring an additional 474,661 shares during the period. Institutional investors and hedge funds own 74.74% of the company’s stock.
In other Torchmark news, insider Roger C. Smith sold 30,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $90.64, for a total value of $2,719,200.00. Following the sale, the insider now owns 65,685 shares of the company’s stock, valued at $5,953,688.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Matthew Darden sold 12,750 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $90.89, for a total transaction of $1,158,847.50. Following the completion of the sale, the executive vice president now directly owns 16,500 shares in the company, valued at approximately $1,499,685. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,150 shares of company stock worth $11,766,713. 3.79% of the stock is owned by insiders.
Shares of Torchmark Co. (NYSE:TMK) opened at $87.13 on Tuesday. The company has a market cap of $9,963.91, a PE ratio of 18.16, a P/E/G ratio of 2.02 and a beta of 0.97. Torchmark Co. has a fifty-two week low of $73.99 and a fifty-two week high of $93.60. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.18.
Torchmark (NYSE:TMK) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.01. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Torchmark had a net margin of 34.99% and a return on equity of 10.81%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.15 earnings per share. analysts forecast that Torchmark Co. will post 6.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 3rd will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, April 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.73%. This is an increase from Torchmark’s previous quarterly dividend of $0.15. Torchmark’s payout ratio is currently 4.88%.
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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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