Stock Traders Buy High Volume of Torchmark Call Options (TMK)

Torchmark Co. (NYSE:TMK) was the target of unusually large options trading on Tuesday. Investors purchased 471 call options on the stock. This is an increase of 842% compared to the typical daily volume of 50 call options.

In other news, insider Roger C. Smith sold 30,000 shares of Torchmark stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $90.64, for a total transaction of $2,719,200.00. Following the transaction, the insider now directly owns 65,685 shares of the company’s stock, valued at approximately $5,953,688.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Gary L. Coleman sold 24,000 shares of Torchmark stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $86.25, for a total value of $2,070,000.00. The disclosure for this sale can be found here. Insiders sold 95,250 shares of company stock worth $8,536,133 over the last three months. Insiders own 3.79% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of TMK. Tiedemann Wealth Management LLC raised its stake in Torchmark by 8.0% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 16,147 shares of the insurance provider’s stock valued at $127,000 after purchasing an additional 1,201 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in Torchmark by 63.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the insurance provider’s stock valued at $144,000 after purchasing an additional 700 shares during the period. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in Torchmark during the 4th quarter valued at approximately $149,000. Invictus RG bought a new stake in Torchmark during the 3rd quarter valued at approximately $165,000. Finally, Cerebellum GP LLC bought a new stake in Torchmark during the 4th quarter valued at approximately $173,000. 71.73% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on TMK. Wells Fargo & Co set a $78.00 price objective on Torchmark and gave the company a “sell” rating in a research report on Wednesday, February 7th. ValuEngine raised Torchmark from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Torchmark from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Thursday, January 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $83.00 price objective on shares of Torchmark in a research report on Friday, November 10th. Finally, SunTrust Banks lifted their price objective on Torchmark from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $83.17.

Shares of Torchmark (NYSE:TMK) opened at $86.38 on Wednesday. The stock has a market capitalization of $9,970.00, a P/E ratio of 7.01, a P/E/G ratio of 2.00 and a beta of 0.94. Torchmark has a 12 month low of $73.99 and a 12 month high of $93.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.06 and a current ratio of 0.06.

Torchmark (NYSE:TMK) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.01. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Torchmark had a return on equity of 11.49% and a net margin of 34.99%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.15 EPS. equities analysts forecast that Torchmark will post 6.03 earnings per share for the current fiscal year.

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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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