Captrust Financial Advisors purchased a new stake in Torchmark Co. (NYSE:TMK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 610 shares of the insurance provider’s stock, valued at approximately $45,000.
Other institutional investors have also added to or reduced their stakes in the company. ETF Managers Group LLC raised its stake in shares of Torchmark by 15.7% in the fourth quarter. ETF Managers Group LLC now owns 1,547 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 210 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of Torchmark by 2.4% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 9,375 shares of the insurance provider’s stock worth $699,000 after purchasing an additional 217 shares during the last quarter. Bailard Inc. raised its stake in shares of Torchmark by 10.5% in the fourth quarter. Bailard Inc. now owns 2,901 shares of the insurance provider’s stock worth $216,000 after purchasing an additional 275 shares during the last quarter. Daiwa SB Investments Ltd. raised its stake in shares of Torchmark by 12.0% in the fourth quarter. Daiwa SB Investments Ltd. now owns 2,800 shares of the insurance provider’s stock worth $209,000 after purchasing an additional 300 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Torchmark by 0.3% in the fourth quarter. Prudential Financial Inc. now owns 118,466 shares of the insurance provider’s stock worth $8,829,000 after purchasing an additional 314 shares during the last quarter. Institutional investors own 75.06% of the company’s stock.
Several research analysts have recently issued reports on the company. ValuEngine cut Torchmark from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. Zacks Investment Research upgraded Torchmark from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Saturday, January 5th. Finally, JPMorgan Chase & Co. upgraded Torchmark from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $85.60.
Shares of NYSE:TMK opened at $83.41 on Wednesday. Torchmark Co. has a 52-week low of $69.68 and a 52-week high of $89.62. The stock has a market capitalization of $9.16 billion, a PE ratio of 13.61, a PEG ratio of 1.67 and a beta of 1.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.06 and a quick ratio of 0.06.
Torchmark (NYSE:TMK) last posted its earnings results on Tuesday, February 5th. The insurance provider reported $1.56 EPS for the quarter, hitting the consensus estimate of $1.56. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.09 billion. Torchmark had a return on equity of 12.66% and a net margin of 16.32%. Torchmark’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. As a group, equities analysts predict that Torchmark Co. will post 6.61 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, Health Insurance, Annuity, and Investment. The company offers traditional and interest-sensitive whole life insurance, as well as term life insurance.
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