Torchmark (NYSE:TMK) is scheduled to post its quarterly earnings results after the market closes on Wednesday, July 24th. Analysts expect Torchmark to post earnings of $1.65 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Shares of NYSE TMK opened at $91.10 on Tuesday. The firm has a 50 day moving average price of $89.88. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 1.72 and a beta of 0.95. Torchmark has a 52 week low of $69.68 and a 52 week high of $92.42. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.22.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Friday, July 5th will be given a $0.1725 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.69 dividend on an annualized basis and a yield of 0.76%. Torchmark’s dividend payout ratio is currently 11.26%.
In other Torchmark news, VP Carol A. Mccoy sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $89.33, for a total value of $535,980.00. Following the completion of the transaction, the vice president now directly owns 101,043 shares of the company’s stock, valued at $9,026,171.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Matthew Darden sold 5,439 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $86.73, for a total value of $471,724.47. Following the completion of the transaction, the executive vice president now directly owns 19,146 shares of the company’s stock, valued at $1,660,532.58. The disclosure for this sale can be found here. Insiders sold 155,253 shares of company stock valued at $13,594,480 over the last three months. 3.64% of the stock is currently owned by corporate insiders.
Separately, Zacks Investment Research lowered HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $85.75.
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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