Atlantic Trust Group LLC continued to hold its position in shares of Torchmark Corporation (NYSE:TMK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,113 shares of the insurance provider’s stock at the close of the 2nd quarter. Atlantic Trust Group LLC’s holdings in Torchmark Corporation were worth $3,834,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Synovus Financial Corp grew its stake in Torchmark Corporation by 3.9% during the 2nd quarter. Synovus Financial Corp now owns 20,715 shares of the insurance provider’s stock valued at $1,585,000 after purchasing an additional 778 shares during the last quarter. Cipher Capital LP grew its stake in Torchmark Corporation by 10.7% during the 2nd quarter. Cipher Capital LP now owns 89,405 shares of the insurance provider’s stock valued at $6,840,000 after purchasing an additional 8,670 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Torchmark Corporation by 2.1% in the 2nd quarter. Swiss National Bank now owns 407,928 shares of the insurance provider’s stock valued at $31,206,000 after buying an additional 8,400 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Torchmark Corporation by 21.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,942 shares of the insurance provider’s stock valued at $225,000 after buying an additional 515 shares during the period. Finally, Pacad Investment Ltd. lifted its holdings in shares of Torchmark Corporation by 583.3% in the 2nd quarter. Pacad Investment Ltd. now owns 4,100 shares of the insurance provider’s stock valued at $314,000 after buying an additional 3,500 shares during the period. Institutional investors and hedge funds own 71.93% of the company’s stock.
Shares of Torchmark Corporation (NYSE TMK) opened at 78.64 on Friday. Torchmark Corporation has a 52-week low of $62.86 and a 52-week high of $79.90. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 16.92 and a beta of 0.98. The stock has a 50 day moving average price of $77.58 and a 200-day moving average price of $76.95.
Torchmark Corporation (NYSE:TMK) last issued its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.02. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Torchmark Corporation had a net margin of 13.96% and a return on equity of 11.55%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 EPS. On average, equities research analysts predict that Torchmark Corporation will post $4.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 6th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.76%. Torchmark Corporation’s dividend payout ratio (DPR) is presently 12.88%.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Torchmark Corporation from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Thursday. BidaskClub cut Torchmark Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Barclays PLC boosted their price objective on Torchmark Corporation from $65.00 to $67.00 and gave the company an “underweight” rating in a report on Friday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $78.00 price target on shares of Torchmark Corporation in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $73.33.
COPYRIGHT VIOLATION WARNING: “Atlantic Trust Group LLC Has $3,834,000 Position in Torchmark Corporation (TMK)” was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://baseballnewssource.com/markets/atlantic-trust-group-llc-maintains-stake-in-torchmark-corporation-tmk/1600354.html.
In other Torchmark Corporation news, Director Robert W. Ingram sold 1,827 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $78.66, for a total value of $143,711.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Arvelia Bowie sold 16,875 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $78.45, for a total transaction of $1,323,843.75. Following the completion of the sale, the vice president now owns 17,941 shares of the company’s stock, valued at approximately $1,407,471.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,821 shares of company stock valued at $10,837,593. 3.79% of the stock is owned by insiders.
Torchmark Corporation Company Profile
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.
Receive News & Ratings for Torchmark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torchmark Corporation and related companies with our FREE daily email newsletter.