Media coverage about Torchmark (NYSE:TMK) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Torchmark earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 44.5160958595868 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Torchmark from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Thursday. ValuEngine raised shares of Torchmark from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Goldman Sachs Group assumed coverage on shares of Torchmark in a research note on Wednesday, October 18th. They set a “neutral” rating and a $83.00 target price on the stock. SunTrust Banks raised their target price on shares of Torchmark from $75.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $83.00 target price on shares of Torchmark in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Torchmark presently has a consensus rating of “Hold” and a consensus target price of $81.67.
Torchmark (NYSE TMK) traded down $0.61 during trading hours on Friday, hitting $92.25. 727,661 shares of the stock traded hands, compared to its average volume of 450,835. Torchmark has a one year low of $72.59 and a one year high of $93.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market cap of $10,720.39, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 2.40 and a beta of 1.01.
Torchmark (NYSE:TMK) last posted its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. Torchmark had a net margin of 13.80% and a return on equity of 11.60%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $1.15 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. equities analysts forecast that Torchmark will post 4.8 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, January 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.60 annualized dividend and a dividend yield of 0.65%. Torchmark’s dividend payout ratio (DPR) is 12.77%.
In other news, Director Paul J. Zucconi sold 595 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $85.07, for a total transaction of $50,616.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael Clay Majors sold 7,500 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $84.71, for a total transaction of $635,325.00. Following the transaction, the vice president now owns 10,760 shares of the company’s stock, valued at approximately $911,479.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 234,335 shares of company stock valued at $20,167,546. Insiders own 3.79% of the company’s stock.
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Torchmark 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.
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