Press coverage about Torchmark Corporation (NYSE:TMK) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Torchmark Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 44.7324386128334 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Director of Torchmark Corporation (NYSE:TMK), Zucconi Paul J, sells 595 shares worth $50,616 (empowerednews.net)
- Insider Selling: Torchmark Corporation (TMK) VP Sells 7,500 Shares of Stock (americanbankingnews.com)
- W Michael Pressley Sells 52,500 Shares of Torchmark Corporation (TMK) Stock (americanbankingnews.com)
- Gary L. Coleman Sells 37,500 Shares of Torchmark Corporation (TMK) Stock (americanbankingnews.com)
- Torchmark Corporation (TMK) Insider Sells $2,535,000.00 in Stock (americanbankingnews.com)
Torchmark Corporation (TMK) opened at 84.96 on Monday. The stock’s 50 day moving average is $80.36 and its 200 day moving average is $77.75. Torchmark Corporation has a 1-year low of $62.86 and a 1-year high of $86.50. The company has a market cap of $9.88 billion, a P/E ratio of 18.27 and a beta of 1.00.
Torchmark Corporation (NYSE:TMK) last announced its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.03. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Torchmark Corporation had a net margin of 13.80% and a return on equity of 11.83%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 EPS. Equities analysts anticipate that Torchmark Corporation will post $4.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 6th will be issued a $0.15 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.71%. Torchmark Corporation’s payout ratio is 12.77%.
Several equities analysts recently commented on TMK shares. Zacks Investment Research raised shares of Torchmark Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Thursday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $78.00 price objective on shares of Torchmark Corporation in a research note on Sunday, October 8th. Goldman Sachs Group, Inc. (The) started coverage on shares of Torchmark Corporation in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $83.00 price objective for the company. Barclays PLC increased their price objective on shares of Torchmark Corporation from $65.00 to $67.00 and gave the company an “underweight” rating in a research note on Friday, August 11th. Finally, BidaskClub raised shares of Torchmark Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $78.14.
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In other news, Director Paul J. Zucconi sold 595 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $85.07, for a total value of $50,616.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP W Michael Pressley sold 52,500 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $83.93, for a total transaction of $4,406,325.00. Following the completion of the sale, the executive vice president now owns 105,948 shares of the company’s stock, valued at $8,892,215.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,839 shares of company stock valued at $14,668,836. Company insiders own 3.79% of the company’s stock.
About Torchmark Corporation
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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