Media coverage about Torchmark (NYSE:TMK) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Torchmark earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 44.5140415076746 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Torchmark (NYSE:TMK) traded up $0.76 on Tuesday, reaching $92.07. The company’s stock had a trading volume of 508,018 shares, compared to its average volume of 520,653. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.22. Torchmark has a 52-week low of $72.59 and a 52-week high of $92.73. The company has a market cap of $10,630.00, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02.
Torchmark (NYSE:TMK) last issued its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. Torchmark had a return on equity of 11.60% and a net margin of 13.80%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $1.15 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. sell-side analysts forecast that Torchmark will post 4.8 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, January 5th will be given a $0.15 dividend. The ex-dividend date is Thursday, January 4th. This represents a $0.60 annualized dividend and a yield of 0.65%. Torchmark’s payout ratio is 12.93%.
TMK has been the subject of several analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $83.00 target price on shares of Torchmark in a research report on Friday, November 10th. ValuEngine upgraded Torchmark from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded Torchmark from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. SunTrust Banks raised their target price on Torchmark from $75.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, Goldman Sachs Group initiated coverage on Torchmark in a research report on Wednesday, October 18th. They set a “neutral” rating and a $83.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Torchmark currently has a consensus rating of “Hold” and an average target price of $78.86.
In other Torchmark news, Chairman Gary L. Coleman sold 37,500 shares of Torchmark stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $83.28, for a total value of $3,123,000.00. Following the completion of the transaction, the chairman now owns 666,875 shares in the company, valued at approximately $55,537,350. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul J. Zucconi sold 595 shares of Torchmark stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $85.07, for a total value of $50,616.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 234,335 shares of company stock valued at $20,167,546. Corporate insiders own 3.79% of the company’s stock.
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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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