Today’s Short Interest: What’s in Torchmark Corporation (NYSE:TMK) After Rise in Shorted Shares?

November 17, 2016 - By Louis Casey   ·   0 Comments

Today's Short Interest: What’s in Torchmark Corporation (NYSE:TMK) After Rise in Shorted Shares?

The stock of Torchmark Corporation (NYSE:TMK) registered an increase of 0.39% in short interest. TMK’s total short interest was 2.25 million shares in November as published by FINRA. Its up 0.39% from 2.25 million shares, reported previously. With 488,200 shares average volume, it will take short sellers 5 days to cover their TMK’s short positions. The short interest to Torchmark Corporation’s float is 2.03%. About 243,968 shares traded hands. Torchmark Corporation (NYSE:TMK) has risen 24.55% since April 15, 2016 and is uptrending. It has outperformed by 19.93% the S&P500.

Torchmark Corporation is an insurance holding company. The company has a market cap of $8.14 billion. The Company, through its subsidiaries, provides a range of life and health insurance products and annuities to a broad base of customers. It has a 16.09 P/E ratio. The Company’s divisions include life insurance, health insurance, annuities and investment.

Insitutional Activity: The institutional sentiment is 0.77 in 2016 Q2. Its the same as in 2016Q1. The ratio is the same, as 25 funds sold all Torchmark Corporation shares owned while 146 reduced positions. only 44 funds bought stakes while 88 increased positions. They now own 87.73 million shares or 7.54% less from 94.88 million shares in 2016Q1.
Wfg L P reported 1,582 shares or 0.03% of all its holdings. Checchi Capital Advisers Ltd owns 1,406 shares or 0.01% of their US portfolio. Keeley Asset Management Corp has 4,010 shares for 0.01% of their US portfolio. The Georgia-based Signaturefd Ltd Limited Liability Company has invested 0.01% in Torchmark Corporation (NYSE:TMK). Commonwealth Bancorp Of Australia owns 15,609 shares or 0.01% of their US portfolio. The Australia-based Westpac Bk has invested 0% in Torchmark Corporation (NYSE:TMK). Liberty Mutual Grp Inc Asset Mngmt, a Massachusetts-based fund reported 10,735 shares. British Columbia Invest Mngmt has 0.04% invested in the company for 77,157 shares. Klingenstein Fields And Communication Limited Liability last reported 144,013 shares in the company. Manufacturers Life Insur The has invested 0.01% of its portfolio in Torchmark Corporation (NYSE:TMK). Canada Pension Plan Investment Board has 3,782 shares for 0% of their US portfolio. Aperio Limited Liability Co accumulated 0.09% or 183,954 shares. Tiaa Cref Management Ltd Co holds 0.01% or 251,164 shares in its portfolio. Engineers Gate Manager L P has invested 0.14% of its portfolio in Torchmark Corporation (NYSE:TMK). Gam Hldgs Ag holds 0% or 5,196 shares in its portfolio.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 36 insider sales for $36.95 million net activity. MCCOY CAROL A had sold 6,000 shares worth $372,148 on Tuesday, August 9. $494,136 worth of Torchmark Corporation (NYSE:TMK) shares were sold by HENRIE MICHAEL SHANE. Another trade for 1,400 shares valued at $83,552 was made by ZUCCONI PAUL J on Wednesday, June 15. Another trade for 24,000 shares valued at $1.52M was made by LUTEK BEN on Thursday, October 27. SMITH ROGER C had sold 30,000 shares worth $1.87 million. $110,907 worth of shares were sold by Rogers John Henry JR on Tuesday, May 24. 22,850 shares with value of $1.44M were sold by COLEMAN GARY L on Thursday, October 27.

Torchmark Corporation (NYSE:TMK) Ratings Coverage

Out of 8 analysts covering Torchmark Corporation (NYSE:TMK), 0 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 0 are positive. Torchmark Corporation has been the topic of 19 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Wells Fargo reinitiated Torchmark Corporation (NYSE:TMK) on Friday, September 23 with “Underperform” rating. The firm has “Sell” rating by Goldman Sachs given on Wednesday, February 24. Bank of America upgraded the shares of TMK in a report on Wednesday, June 29 to “Neutral” rating. Credit Suisse initiated Torchmark Corporation (NYSE:TMK) on Friday, October 7 with “Neutral” rating. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, November 17. The firm has “Sell” rating by Zacks given on Wednesday, August 19. The firm has “Neutral” rating by Goldman Sachs given on Friday, July 15. The company was downgraded on Wednesday, July 29 by Bank of America. The company was upgraded on Monday, August 3 by FBR Capital. The company was upgraded on Tuesday, August 25 by Zacks.

TMK Company Profile

Torchmark Corporation (Torchmark), incorporated on November 29, 1979, is an insurance holding company. The Company, through its subsidiaries, provides a range of life and health insurance products and annuities to a broad base of customers. The Company’s divisions include life insurance, health insurance, annuities and investment. The life insurance segment offers whole-life insurance and term life insurance. The Health insurance products are guaranteed-renewable and include Medicare Supplement, critical illness, accident, long-term care and limited-benefit supplemental hospital and surgical coverage’s. Annuities include fixed-benefit contracts. The Firm markets its insurance products through various distribution channels, each of which sells the products of its insurance divisions. The Company’s primary subsidiaries are American Income Life Insurance Company (American Income), Liberty National Life Insurance Company (Liberty National), Globe Life And Accident Insurance Company (Globe), United American Insurance Company (United American), and Family Heritage Life Insurance Company of America (Family Heritage).

More important recent Torchmark Corporation (NYSE:TMK) news were published by: Prnewswire.com which released: “Torchmark Corporation Elects New Director And Declares Dividend” on November 11, 2016, also Marketwatch.com published article titled: “/quotes/zigman/3870025/realtime”, Seekingalpha.com published: “Torchmark Corporation’s (TMK) CEO Gary Coleman on Q2 2016 Results – Earnings …” on July 28, 2016. More interesting news about Torchmark Corporation (NYSE:TMK) was released by: Prnewswire.com and their article: “Torchmark Prices Junior Subordinated Debentures Offering” with publication date: March 30, 2016.

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By Louis Casey


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