Headlines about Torchmark (NYSE:TMK) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Torchmark earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 44.4231067263267 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of equities research analysts have recently issued reports on TMK shares. Zacks Investment Research raised shares of Torchmark from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Thursday, September 21st. ValuEngine raised shares of Torchmark from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $83.00 target price on shares of Torchmark in a report on Friday, November 10th. SunTrust Banks upped their target price on shares of Torchmark from $75.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, Goldman Sachs Group started coverage on shares of Torchmark in a report on Wednesday, October 18th. They set a “neutral” rating and a $83.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Torchmark has an average rating of “Hold” and a consensus target price of $81.67.
Shares of Torchmark (TMK) traded up $0.61 during mid-day trading on Wednesday, hitting $92.03. 594,128 shares of the stock traded hands, compared to its average volume of 560,336. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market cap of $10,649.97, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01. Torchmark has a 1 year low of $72.59 and a 1 year high of $93.34.
The company also recently declared 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 of this dividend is Thursday, January 4th. This represents a $0.60 annualized dividend and a dividend yield of 0.65%. Torchmark’s payout ratio is 12.77%.
In other news, insider Roger C. Smith sold 30,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $84.50, for a total transaction of $2,535,000.00. Following the transaction, the insider now owns 65,685 shares of the company’s stock, valued at approximately $5,550,382.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul J. Zucconi sold 595 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $85.07, for a total transaction of $50,616.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 234,335 shares of company stock worth $20,167,546. 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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