HPM Partners LLC Reduces Position in Torchmark Co. (TMK)

HPM Partners LLC trimmed its position in shares of Torchmark Co. (NYSE:TMK) by 37.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,661 shares of the insurance provider’s stock after selling 2,236 shares during the quarter. HPM Partners LLC’s holdings in Torchmark were worth $332,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TMK. Fuller & Thaler Asset Management Inc. raised its position in Torchmark by 33.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,400 shares of the insurance provider’s stock valued at $218,000 after purchasing an additional 600 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Torchmark by 0.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 177,891 shares of the insurance provider’s stock valued at $14,245,000 after purchasing an additional 625 shares in the last quarter. Stephens Inc. AR raised its position in Torchmark by 3.0% in the 3rd quarter. Stephens Inc. AR now owns 22,299 shares of the insurance provider’s stock valued at $1,786,000 after purchasing an additional 644 shares in the last quarter. SG Americas Securities LLC raised its position in Torchmark by 1.4% in the 4th quarter. SG Americas Securities LLC now owns 48,385 shares of the insurance provider’s stock valued at $4,389,000 after purchasing an additional 677 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Torchmark by 8.8% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,798 shares of the insurance provider’s stock valued at $705,000 after purchasing an additional 715 shares in the last quarter. Institutional investors own 74.75% of the company’s stock.

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A number of research firms have issued reports on TMK. ValuEngine raised Torchmark from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Wells Fargo set a $78.00 price target on Torchmark and gave the company a “sell” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised Torchmark from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Thursday, January 11th. Morgan Stanley reduced their price target on Torchmark from $84.00 to $82.00 and set an “underweight” rating on the stock in a research report on Thursday. Finally, Bank of America began coverage on Torchmark in a research report on Monday, March 26th. They issued a “buy” rating and a $97.00 price target on the stock. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Torchmark currently has a consensus rating of “Hold” and a consensus price target of $84.56.

Shares of NYSE TMK opened at $82.98 on Friday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.18. Torchmark Co. has a fifty-two week low of $73.99 and a fifty-two week high of $93.60. The stock has a market cap of $9,650.19, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.32 and a beta of 0.95.

Torchmark (NYSE:TMK) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.01. Torchmark had a return on equity of 10.81% and a net margin of 34.99%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $1.15 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. equities analysts forecast that Torchmark Co. will post 6.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 3rd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Monday, April 2nd. This is a positive change from Torchmark’s previous quarterly dividend of $0.15. Torchmark’s dividend payout ratio (DPR) is 13.28%.

In related news, Chairman Gary L. Coleman sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $84.08, for a total transaction of $420,400.00. Following the transaction, the chairman now owns 654,547 shares in the company, valued at approximately $55,034,311.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Gary L. Coleman sold 24,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $86.25, for a total value of $2,070,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 78,275 shares of company stock worth $6,796,120 in the last three months. Corporate insiders own 3.68% of the company’s stock.

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About Torchmark

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.

Institutional Ownership by Quarter for Torchmark (NYSE:TMK)

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