Media coverage about Torchmark (NYSE:TMK) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Torchmark earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the insurance provider an impact score of 46.822504805794 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Torchmark stock traded down $0.81 during trading on Thursday, reaching $85.25. The company had a trading volume of 36,577 shares, compared to its average volume of 669,429. Torchmark has a 12 month low of $73.99 and a 12 month high of $93.60. The stock has a market cap of $9,814.47, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.18.
Torchmark (NYSE:TMK) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.01. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Torchmark had a return on equity of 10.81% and a net margin of 34.99%. Torchmark’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the business posted $1.15 EPS. equities research analysts anticipate that Torchmark will post 6.03 EPS for the current year.
Several brokerages have issued reports on TMK. ValuEngine upgraded Torchmark from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Wells Fargo set a $78.00 target price on Torchmark and gave the company a “sell” rating in a report on Wednesday, February 7th. Zacks Investment Research upgraded Torchmark from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Thursday, January 11th. Finally, UBS began coverage on Torchmark in a report on Friday, March 2nd. They set a “sell” rating and a $83.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Torchmark presently has an average rating of “Hold” and an average price target of $83.14.
In other Torchmark news, insider Michael Shane Henrie sold 15,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $87.33, for a total value of $1,309,950.00. Following the sale, the insider now owns 7,500 shares of the company’s stock, valued at approximately $654,975. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Frank M. Svoboda sold 12,375 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $86.88, for a total value of $1,075,140.00. Following the sale, the chief financial officer now directly owns 105,828 shares in the company, valued at approximately $9,194,336.64. The disclosure for this sale can be found here. Insiders sold a total of 114,525 shares of company stock worth $10,122,653 in the last ninety days. 3.79% of the stock is owned by corporate insiders.
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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