Media coverage about Torchmark (NYSE:TMK) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Torchmark earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 46.822504805794 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Torchmark (TMK) traded down $1.14 during trading on Wednesday, reaching $85.24. 488,909 shares of the company’s stock traded hands, compared to its average volume of 674,228. 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 has a 52-week low of $73.99 and a 52-week high of $93.60. The company has a market cap of $9,927.41, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.97.
Torchmark (NYSE:TMK) last released its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.01. Torchmark had a net margin of 34.99% and a return on equity of 10.81%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $1.15 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. equities research analysts expect that Torchmark will post 6.03 EPS for the current fiscal year.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Torchmark from a “buy” rating to a “hold” rating in a research report on Monday. UBS Group assumed coverage on shares of Torchmark in a research report on Friday, March 2nd. They set a “sell” rating and a $83.00 target price on the stock. Wells Fargo & Co set a $78.00 target price on shares of Torchmark and gave the stock a “sell” rating in a research report on Wednesday, February 7th. Finally, ValuEngine upgraded shares of Torchmark from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Torchmark currently has an average rating of “Hold” and an average price target of $83.14.
In other Torchmark news, CFO Frank M. Svoboda sold 12,375 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $86.88, for a total transaction of $1,075,140.00. Following the completion of the transaction, the chief financial officer now owns 105,828 shares in the company, valued at approximately $9,194,336.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Roger C. Smith sold 30,000 shares of Torchmark stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $90.64, for a total transaction of $2,719,200.00. Following the completion of the sale, the insider now owns 65,685 shares of the company’s stock, valued at approximately $5,953,688.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,525 shares of company stock valued at $12,841,853. Company insiders own 3.79% of the company’s stock.
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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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