Leith Wheeler Investment Counsel Ltd. Increases Stake in Torchmark Corporation (NYSE:TMK)

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

Several other institutional investors have also recently modified their holdings of the company. Tiedemann Wealth Management LLC increased its position in Torchmark by 8.0% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 16,147 shares of the insurance provider’s stock valued at $127,000 after acquiring an additional 1,201 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of Torchmark by 63.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the insurance provider’s stock worth $144,000 after buying an additional 700 shares during the period. Invictus RG acquired a new stake in shares of Torchmark during the third quarter worth $165,000. Assetmark Inc. increased its position in shares of Torchmark by 7,975.0% during the third quarter. Assetmark Inc. now owns 2,261 shares of the insurance provider’s stock worth $181,000 after buying an additional 2,233 shares during the period. Finally, ZWJ Investment Counsel Inc. bought a new position in Torchmark during the third quarter worth $205,000. 72.63% of the stock is owned by institutional investors.

Torchmark Corporation (TMK) traded down $0.61 on Tuesday, hitting $92.25. 727,600 shares of the stock traded hands, compared to its average volume of 537,989. The stock has a market capitalization of $10,649.97, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01. 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 52-week low of $72.59 and a 52-week high of $93.34.

Torchmark (NYSE:TMK) last posted its earnings results on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.03. Torchmark had a net margin of 13.80% and a return on equity of 11.60%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $1.15 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. research analysts expect that Torchmark Corporation will post 4.8 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, January 5th will be given a $0.15 dividend. The ex-dividend date is Thursday, January 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.65%. Torchmark’s dividend payout ratio (DPR) is currently 12.77%.

TMK has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Torchmark from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $78.00 price objective on shares of Torchmark in a research note on Sunday, October 8th. ValuEngine raised shares of Torchmark from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. SunTrust Banks increased their target price on shares of Torchmark from $75.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, Goldman Sachs Group assumed coverage on shares of Torchmark in a report on Wednesday, October 18th. They issued a “neutral” rating and a $83.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $81.67.

In related news, EVP James Matthew Darden sold 12,750 shares of Torchmark stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $90.89, for a total value of $1,158,847.50. Following the transaction, the executive vice president now directly owns 16,500 shares of the company’s stock, valued at $1,499,685. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael Clay Majors sold 7,500 shares of Torchmark stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $84.71, for a total transaction of $635,325.00. Following the completion of the transaction, the vice president now directly owns 10,760 shares in the company, valued at $911,479.60. The disclosure for this sale can be found here. Insiders sold 234,335 shares of company stock valued at $20,167,546 over the last 90 days. 3.79% of the stock is owned by company insiders.

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Torchmark 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.

Institutional Ownership by Quarter for Torchmark (NYSE:TMK)

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