Media headlines about Torchmark (NYSE:TMK) have been trending somewhat positive on Sunday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Torchmark earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 44.8043990142649 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Critical Survey: Torchmark (TMK) versus Its Competitors (americanbankingnews.com)
- Torchmark (TMK) Now Covered by Analysts at Goldman Sachs (americanbankingnews.com)
- Morgan Stanley Lowers Torchmark (TMK) Price Target to $82.00 (americanbankingnews.com)
- Torchmark (TMK) & Its Rivals Head to Head Review (americanbankingnews.com)
- Head-To-Head Review: Swiss Re (SSREY) vs. Torchmark (TMK) (americanbankingnews.com)
A number of brokerages have issued reports on TMK. Morgan Stanley reduced their price objective on shares of Torchmark from $84.00 to $82.00 and set an “underweight” rating on the stock in a research note on Thursday. Bank of America began coverage on shares of Torchmark in a research note on Monday, March 26th. They issued a “buy” rating and a $97.00 price objective on the stock. Zacks Investment Research cut shares of Torchmark from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. ValuEngine raised shares of Torchmark from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, UBS began coverage on shares of Torchmark in a research note on Friday, March 2nd. They issued a “sell” rating and a $83.00 price objective on the stock. Four analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $84.56.
Torchmark (NYSE:TMK) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.01. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Torchmark had a net margin of 34.99% and a return on equity of 10.81%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $1.15 earnings per share. research analysts anticipate that Torchmark will post 6.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 3rd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.77%. This is a boost from Torchmark’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, April 2nd. Torchmark’s dividend payout ratio (DPR) is currently 13.28%.
In other news, VP Michael Clay Majors sold 21,900 shares of Torchmark stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $87.70, for a total transaction of $1,920,630.00. Following the transaction, the vice president now directly owns 11,921 shares of the company’s stock, valued at $1,045,471.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Gary L. Coleman sold 24,000 shares of Torchmark stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $86.25, for a total transaction of $2,070,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,275 shares of company stock worth $6,796,120. Insiders own 3.68% of the company’s stock.
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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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