News stories about Torchmark (NYSE:TMK) have been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Torchmark earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 45.1175648942866 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Torchmark (NYSE:TMK) traded up $0.30 on Thursday, hitting $85.54. 555,969 shares of the stock traded hands, compared to its average volume of 671,941. Torchmark has a 52 week low of $73.99 and a 52 week high of $93.60. The firm has a market cap of $9,854.39, a price-to-earnings ratio of 6.96, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. 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 announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $1.24 EPS 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 10.81%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business posted $1.15 EPS. Torchmark’s quarterly revenue was up 8.4% on a year-over-year basis. research analysts anticipate that Torchmark will post 6.03 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 3rd will be paid a dividend of $0.16 per share. This is a positive change from Torchmark’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, April 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.75%. Torchmark’s dividend payout ratio is 4.88%.
Several research firms have weighed in on TMK. Zacks Investment Research upgraded shares of Torchmark from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Thursday, January 11th. ValuEngine upgraded shares of Torchmark from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Co set a $78.00 price objective on shares of Torchmark and gave the company a “sell” rating in a research note on Wednesday, February 7th. Finally, UBS Group initiated coverage on shares of Torchmark in a research note on Friday, March 2nd. They set a “sell” rating and a $83.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Torchmark presently has a consensus rating of “Hold” and a consensus target price of $83.14.
In related news, insider Roger C. Smith sold 30,000 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $90.64, for a total transaction of $2,719,200.00. Following the completion of the sale, the insider now directly owns 65,685 shares of the company’s stock, valued at approximately $5,953,688.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kenneth J. Matson sold 28,500 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $90.81, for a total transaction of $2,588,085.00. Following the sale, the insider now directly owns 15,056 shares of the company’s stock, valued at $1,367,235.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,525 shares of company stock worth $12,841,853. 3.79% of the stock is currently owned by company insiders.
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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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