Investors Buy High Volume of Torchmark Call Options (TMK)

Torchmark Co. (NYSE:TMK) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 471 call options on the stock. This represents an increase of approximately 842% compared to the typical volume of 50 call options.

In other Torchmark news, EVP James Matthew Darden sold 12,750 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $90.89, for a total value of $1,158,847.50. Following the completion of the sale, the executive vice president now owns 16,500 shares in the company, valued at approximately $1,499,685. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Gary L. Coleman sold 24,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $86.25, for a total transaction of $2,070,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,250 shares of company stock valued at $8,536,133. Insiders own 3.79% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sentry Investment Management LLC increased its holdings in shares of Torchmark by 2.0% during the 2nd quarter. Sentry Investment Management LLC now owns 4,750 shares of the insurance provider’s stock worth $363,000 after buying an additional 91 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Torchmark by 33.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,400 shares of the insurance provider’s stock worth $218,000 after buying an additional 600 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Torchmark by 0.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 177,891 shares of the insurance provider’s stock worth $14,245,000 after buying an additional 625 shares during the last quarter. Penobscot Investment Management Company Inc. increased its holdings in shares of Torchmark by 9.2% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 7,450 shares of the insurance provider’s stock worth $597,000 after buying an additional 630 shares during the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of Torchmark by 3.0% during the 3rd quarter. Stephens Inc. AR now owns 22,299 shares of the insurance provider’s stock worth $1,786,000 after buying an additional 644 shares during the last quarter. Institutional investors and hedge funds own 71.73% of the company’s stock.

Shares of Torchmark (NYSE TMK) opened at $86.38 on Wednesday. The stock has a market cap of $9,970.00, a P/E ratio of 7.01, a PEG ratio of 2.00 and a beta of 0.94. 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 1-year low of $73.99 and a 1-year high of $93.60.

Torchmark (NYSE:TMK) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.01. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Torchmark had a net margin of 34.99% and a return on equity of 11.49%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 EPS. research analysts forecast that Torchmark will post 6.03 earnings per share for the current fiscal year.

A number of research firms have commented on TMK. Zacks Investment Research upgraded shares of Torchmark from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Thursday, January 11th. ValuEngine upgraded shares of Torchmark from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. SunTrust Banks increased their price objective on shares of Torchmark from $75.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $83.00 price objective on shares of Torchmark in a report on Friday, November 10th. Finally, Wells Fargo & Co set a $78.00 price objective on shares of Torchmark and gave the company a “sell” rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $83.17.

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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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