Press coverage about Torchmark (NYSE:TMK) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. 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 0.11 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 45.7026389881018 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of research analysts have commented on the company. Zacks Investment Research raised Torchmark from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Thursday, October 26th. Goldman Sachs Group assumed coverage on Torchmark in a report on Wednesday, October 18th. They issued a “neutral” rating and a $83.00 price objective on the stock. BidaskClub lowered Torchmark from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. SunTrust Banks upped their price objective on Torchmark from $75.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $78.00 price objective on shares of Torchmark in a report on Sunday, October 8th. Two investment 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. Torchmark has an average rating of “Hold” and a consensus price target of $78.86.
Torchmark (NYSE TMK) traded up $0.75 during trading hours on Friday, hitting $89.61. The stock had a trading volume of 991,492 shares, compared to its average volume of 511,638. The company has a market cap of $10,430.00, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02. 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 $72.59 and a 1 year high of $90.35.
The business also recently announced 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 is Thursday, January 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.67%. Torchmark’s payout ratio is 12.93%.
In other news, EVP Vern D. Herbel sold 25,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.89, for a total transaction of $2,097,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP W Michael Pressley sold 52,500 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $83.93, for a total value of $4,406,325.00. Following 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 quarter, insiders have sold 163,085 shares of company stock valued at $13,701,414. Corporate insiders own 3.79% of the company’s stock.
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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