Press coverage about Torchmark Corporation (NYSE:TMK) has trended somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Torchmark Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 45.7416810214461 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
TMK has been the topic of a number of research analyst reports. Zacks Investment Research raised Torchmark Corporation from a “sell” rating to a “hold” rating and set a $88.00 target price on the stock in a report on Friday, July 28th. Keefe, Bruyette & Woods restated a “hold” rating and set a $78.00 price objective on shares of Torchmark Corporation in a research report on Sunday, October 8th. Barclays PLC upped their price objective on Torchmark Corporation from $65.00 to $67.00 and gave the stock an “underweight” rating in a research report on Friday, August 11th. Goldman Sachs Group, Inc. (The) began coverage on Torchmark Corporation in a research report on Wednesday, October 18th. They set a “neutral” rating and a $83.00 price objective for the company. Finally, BidaskClub upgraded Torchmark Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Torchmark Corporation currently has a consensus rating of “Hold” and an average target price of $78.14.
Torchmark Corporation (TMK) opened at 85.08 on Friday. The company has a market capitalization of $9.90 billion, a P/E ratio of 18.30 and a beta of 1.00. The stock’s 50 day moving average price is $79.83 and its 200-day moving average price is $77.63. Torchmark Corporation has a 12 month low of $62.86 and a 12 month high of $86.50.
Torchmark Corporation (NYSE:TMK) last released its quarterly earnings results on Tuesday, October 24th. The insurance provider reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Torchmark Corporation had a return on equity of 11.83% and a net margin of 13.80%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $1.15 earnings per share. On average, equities research analysts predict that Torchmark Corporation will post $4.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, October 5th. Torchmark Corporation’s dividend payout ratio is presently 12.77%.
In related news, EVP Vern D. Herbel sold 27,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $78.62, for a total value of $2,162,050.00. Following the completion of the transaction, the executive vice president now owns 56,943 shares of the company’s stock, valued at $4,476,858.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Henry Rogers, Jr. sold 1,875 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $79.25, for a total transaction of $148,593.75. Following the completion of the transaction, the insider now directly owns 1,875 shares of the company’s stock, valued at approximately $148,593.75. The disclosure for this sale can be found here. Insiders have sold 51,619 shares of company stock valued at $4,067,163 in the last ninety days. Insiders own 3.79% of the company’s stock.
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About Torchmark Corporation
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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