Arvelia Bowie Sells 16,875 Shares of Torchmark Corporation (NYSE:TMK) Stock

Torchmark Corporation (NYSE:TMK) VP Arvelia Bowie sold 16,875 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $78.45, for a total value of $1,323,843.75. Following the completion of the sale, the vice president now directly owns 17,941 shares in the company, valued at $1,407,471.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Torchmark Corporation (NYSE TMK) traded down 0.31% during midday trading on Friday, hitting $76.61. The stock had a trading volume of 491,037 shares. Torchmark Corporation has a 52-week low of $62.41 and a 52-week high of $79.90. The stock has a market cap of $8.91 billion, a PE ratio of 16.48 and a beta of 0.98. The company’s 50 day moving average price is $78.21 and its 200-day moving average price is $76.81.

Torchmark Corporation (NYSE:TMK) last announced its earnings results on Wednesday, July 26th. The insurance provider reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.02. Torchmark Corporation had a return on equity of 11.55% and a net margin of 13.96%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $1.11 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts forecast that Torchmark Corporation will post $4.75 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in TMK. Girard Partners LTD. increased its position in shares of Torchmark Corporation by 0.3% in the second quarter. Girard Partners LTD. now owns 3,844 shares of the insurance provider’s stock valued at $294,000 after buying an additional 12 shares during the period. Creative Planning increased its position in shares of Torchmark Corporation by 0.3% in the first quarter. Creative Planning now owns 7,594 shares of the insurance provider’s stock valued at $585,000 after buying an additional 25 shares during the period. Wetherby Asset Management Inc. increased its position in shares of Torchmark Corporation by 0.6% in the second quarter. Wetherby Asset Management Inc. now owns 4,346 shares of the insurance provider’s stock valued at $332,000 after buying an additional 27 shares during the period. Mason Street Advisors LLC increased its position in shares of Torchmark Corporation by 0.3% in the first quarter. Mason Street Advisors LLC now owns 15,134 shares of the insurance provider’s stock valued at $1,166,000 after buying an additional 39 shares during the period. Finally, Meeder Asset Management Inc. increased its position in shares of Torchmark Corporation by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 10,455 shares of the insurance provider’s stock valued at $800,000 after buying an additional 59 shares during the period. Hedge funds and other institutional investors own 74.84% of the company’s stock.

Several brokerages recently weighed in on TMK. BidaskClub raised Torchmark Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut Torchmark Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. ValuEngine cut Torchmark Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $78.00 price target on shares of Torchmark Corporation in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Torchmark Corporation presently has a consensus rating of “Hold” and a consensus target price of $73.33.

Torchmark Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Torchmark Corporation (NYSE:TMK)

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