Torchmark Co. (NYSE:TMK) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $85.17.
A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Torchmark from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Saturday, January 5th. ValuEngine upgraded Torchmark from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. JPMorgan Chase & Co. upgraded Torchmark from a “neutral” rating to an “overweight” rating in a research report on Wednesday, January 2nd. Morgan Stanley increased their price target on Torchmark from $81.00 to $83.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 13th. Finally, SunTrust Banks dropped their price target on Torchmark from $89.00 to $84.00 and set a “hold” rating on the stock in a research report on Monday, October 29th.
Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its position in Torchmark by 3.2% during the 2nd quarter. FMR LLC now owns 2,420,116 shares of the insurance provider’s stock valued at $197,022,000 after purchasing an additional 75,235 shares during the last quarter. Bank of New York Mellon Corp grew its position in Torchmark by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,498,890 shares of the insurance provider’s stock valued at $122,025,000 after purchasing an additional 203,149 shares during the last quarter. Atria Investments LLC purchased a new stake in Torchmark during the 3rd quarter valued at about $208,000. Bank of Montreal Can grew its position in Torchmark by 65.3% during the 3rd quarter. Bank of Montreal Can now owns 179,250 shares of the insurance provider’s stock valued at $15,538,000 after purchasing an additional 70,790 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in Torchmark during the 3rd quarter valued at about $211,000. Hedge funds and other institutional investors own 75.04% of the company’s stock.
Shares of Torchmark stock opened at $82.58 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $9.04 billion, a PE ratio of 13.47, a P/E/G ratio of 1.62 and a beta of 1.01. Torchmark has a twelve month low of $69.68 and a twelve month high of $89.62.
Torchmark (NYSE:TMK) last announced its quarterly earnings results on Tuesday, February 5th. The insurance provider reported $1.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.56. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Torchmark had a return on equity of 12.54% and a net margin of 16.32%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS. As a group, research analysts expect that Torchmark will post 6.63 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 1st. Investors of record on Friday, January 4th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, January 3rd. Torchmark’s dividend payout ratio is currently 10.44%.
Torchmark Company Profile
Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. It operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. The Life Insurance segment offers traditional and interest-sensitive whole life and term life insurance, and other life insurance.
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