News headlines about Torchmark (NYSE:TMK) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public 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 0.11 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 45.4849704464171 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 (NYSE TMK) traded up $0.49 during trading on Friday, reaching $92.15. The company had a trading volume of 507,770 shares, compared to its average volume of 403,498. Torchmark has a fifty-two week low of $72.59 and a fifty-two week high of $93.34. The company has a market cap of $10,638.44, a PE ratio of 19.61, a P/E/G ratio of 2.21 and a beta of 1.01. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.22.
Torchmark (NYSE:TMK) last announced its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. Torchmark had a return on equity of 11.60% and a net margin of 13.80%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business posted $1.15 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. research analysts predict that Torchmark will post 4.8 earnings per share for the current fiscal year.
A number of research firms have recently commented on TMK. Zacks Investment Research upgraded Torchmark from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Thursday, January 11th. Goldman Sachs Group began coverage on Torchmark in a research note on Wednesday, October 18th. They set a “neutral” rating and a $83.00 target price on the stock. SunTrust Banks lifted their target price on Torchmark from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $83.00 price objective on shares of Torchmark in a research note on Friday, November 10th. Finally, ValuEngine upgraded Torchmark from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $81.67.
In other Torchmark news, insider Kenneth J. Matson sold 28,500 shares of Torchmark stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $90.81, for a total transaction of $2,588,085.00. Following the completion of the transaction, the insider now owns 15,056 shares of the company’s stock, valued at approximately $1,367,235.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul J. Zucconi sold 595 shares of Torchmark stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $85.07, for a total value of $50,616.65. The disclosure for this sale can be found here. Insiders sold a total of 234,335 shares of company stock worth $20,167,546 over the last 90 days. 3.79% of the stock is currently owned by company insiders.
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Torchmark 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.
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