Media coverage about Torchmark (NYSE:TMK) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Torchmark earned a news impact score of 0.09 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 44.5140415076746 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several brokerages recently commented on TMK. 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, January 11th. SunTrust Banks lifted their target price on shares of Torchmark from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. ValuEngine upgraded shares of Torchmark from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Goldman Sachs Group started coverage on shares of Torchmark in a report on Wednesday, October 18th. They issued a “neutral” rating and a $83.00 price target on the stock. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $78.00 price target on shares of Torchmark in a report on Sunday, October 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $84.20.
Shares of Torchmark (NYSE:TMK) opened at $90.85 on Thursday. The firm has a market cap of $10,543.76, a price-to-earnings ratio of 19.31, a P/E/G ratio of 2.19 and a beta of 1.01. Torchmark has a fifty-two week low of $72.59 and a fifty-two week high of $93.60. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.22.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, January 5th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.66%. The ex-dividend date is Thursday, January 4th. Torchmark’s dividend payout ratio (DPR) is currently 12.77%.
In other news, EVP James Eric Mcpartland sold 5,115 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $85.56, for a total transaction of $437,639.40. Following the sale, the executive vice president now owns 7,000 shares in the company, valued at approximately $598,920. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Vern D. Herbel sold 25,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.89, for a total transaction of $2,097,250.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,240 shares of company stock worth $9,417,279. 3.79% of the stock is currently owned by company insiders.
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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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