Torchmark Corporation (TMK) Shares Bought by Leith Wheeler Investment Counsel Ltd.

Leith Wheeler Investment Counsel Ltd. lifted its position in Torchmark Corporation (NYSE:TMK) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,364 shares of the insurance provider’s stock after acquiring an additional 1,250 shares during the period. Torchmark accounts for 3.9% of Leith Wheeler Investment Counsel Ltd.’s holdings, making the stock its 12th largest position. Leith Wheeler Investment Counsel Ltd.’s holdings in Torchmark were worth $2,210,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Atlantic Trust Group LLC boosted its stake in shares of Torchmark by 6.5% in the third quarter. Atlantic Trust Group LLC now owns 53,358 shares of the insurance provider’s stock worth $4,274,000 after acquiring an additional 3,245 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Torchmark by 7.3% in the third quarter. Parametric Portfolio Associates LLC now owns 356,294 shares of the insurance provider’s stock worth $28,536,000 after acquiring an additional 24,260 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Torchmark in the third quarter worth approximately $447,000. IFM Investors Pty Ltd acquired a new stake in shares of Torchmark in the third quarter worth approximately $290,000. Finally, California Public Employees Retirement System boosted its stake in shares of Torchmark by 4.3% in the third quarter. California Public Employees Retirement System now owns 386,476 shares of the insurance provider’s stock worth $30,953,000 after acquiring an additional 15,942 shares during the last quarter. 72.46% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Michael Clay Majors sold 7,500 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $84.71, for a total value of $635,325.00. Following the transaction, the vice president now owns 10,760 shares of the company’s stock, valued at approximately $911,479.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Roger C. Smith sold 30,000 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $84.50, for a total value of $2,535,000.00. Following the completion of the transaction, the insider now directly owns 65,685 shares in the company, valued at approximately $5,550,382.50. The disclosure for this sale can be found here. Insiders have sold 234,335 shares of company stock worth $20,167,546 in the last three months. 3.79% of the stock is currently owned by corporate insiders.

TMK has been the topic of a number of research analyst reports. Zacks Investment Research raised Torchmark from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $83.00 price target on shares of Torchmark in a research note on Friday, November 10th. Goldman Sachs Group started coverage on Torchmark in a research note on Wednesday, October 18th. They set a “neutral” rating and a $83.00 price objective on the stock. SunTrust Banks boosted their price objective on Torchmark from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, ValuEngine raised Torchmark from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Torchmark currently has a consensus rating of “Hold” and a consensus target price of $78.86.

Torchmark Corporation (TMK) traded up $0.27 during midday trading on Tuesday, reaching $91.33. The company’s stock had a trading volume of 426,500 shares, compared to its average volume of 523,340. The firm has a market capitalization of $10,540.00, a price-to-earnings ratio of 19.68, a P/E/G ratio of 2.46 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.06 and a quick ratio of 0.06. Torchmark Corporation has a one year low of $72.59 and a one year high of $91.44.

Torchmark (NYSE:TMK) last released 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 company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Torchmark had a return on equity of 11.60% and a net margin of 13.80%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 earnings per share. equities research analysts predict that Torchmark Corporation will post 4.8 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, January 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Thursday, January 4th. Torchmark’s dividend payout ratio (DPR) is currently 12.93%.

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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.

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Institutional Ownership by Quarter for Torchmark (NYSE:TMK)

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