November 29, 2016 - By Winifred Garcia · 0 Comments
Torchmark Corp (NYSE:TMK) institutional sentiment increased to 0.94 in 2016 Q2. Its up 0.17, from 0.77 in 2016Q1. The ratio has improved, as 132 investment managers increased or started new equity positions, while 171 sold and reduced equity positions in Torchmark Corp. The investment managers in our partner’s database now possess: 87.73 million shares, down from 94.88 million shares in 2016Q1. Also, the number of investment managers holding Torchmark Corp in their top 10 equity positions increased from 3 to 4 for an increase of 1. Sold All: 25 Reduced: 146 Increased: 88 New Position: 44.
Torchmark Corporation is an insurance holding company. The company has a market cap of $8.08 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 15.96 P/E ratio. The Company’s divisions include life insurance, health insurance, annuities and investment.
The stock closed at $69.59 during the last session. It is down 21.72% since April 26, 2016 and is uptrending. It has outperformed by 16.46% the S&P500.
Analysts await Torchmark Corporation (NYSE:TMK) to report earnings on February, 1. They expect $1.13 EPS, up 7.62% or $0.08 from last year’s $1.05 per share. TMK’s profit will be $131.20 million for 15.40 P/E if the $1.13 EPS becomes a reality. After $1.15 actual EPS reported by Torchmark Corporation for the previous quarter, Wall Street now forecasts -1.74% negative EPS growth.
According to Zacks Investment Research, “Torchmark Corporation is a financial services holding company specializing in life and supplemental health insurance for middle income Americans marketed through multiple distribution channels including direct response, exclusive and independent agencies. (Press Release)”
Torchmark Corp holds 22.2% of its portfolio in Torchmark Corporation for 428,250 shares. Barbara Oil Co. owns 67,500 shares or 3.36% of their US portfolio. Moreover, Spf Beheer Bv has 2.97% invested in the company for 928,513 shares. The Georgia-based Equity Investment Corp Ga has invested 2.05% in the stock. Perkins Investment Management Llc, a Illinois-based fund reported 1.81 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 34 sales for $37.70 million net activity.
Ratings analysis reveals 0 of Torchmark Corporation’s analysts are positive. Out of 8 Wall Street analysts rating Torchmark Corporation, 0 give it “Buy”, 4 “Sell” rating, while 4 recommend “Hold”. The lowest target is $51 while the high is $61. The stock’s average target of $55.80 is -19.82% below today’s ($69.59) share price. TMK was included in 20 notes of analysts from July 29, 2015. As per Wednesday, September 2, the company rating was upgraded by Zacks. Bank of America upgraded Torchmark Corporation (NYSE:TMK) on Wednesday, June 29 to “Neutral” rating. The firm has “Sell” rating given on Wednesday, February 24 by Goldman Sachs. The firm has “Underweight” rating given on Thursday, August 13 by Morgan Stanley. The stock of Torchmark Corporation (NYSE:TMK) earned “Neutral” rating by Goldman Sachs on Tuesday, November 17. The rating was upgraded by Wells Fargo to “Outperform” on Wednesday, January 13. Bank of America downgraded Torchmark Corporation (NYSE:TMK) on Wednesday, July 29 to “Underperform” rating. Goldman Sachs upgraded the shares of TMK in a report on Friday, July 15 to “Neutral” rating. The firm earned “Sell” rating on Wednesday, August 19 by Zacks. The rating was reinitiated by Wells Fargo with “Underperform” on Friday, September 23.
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 recent Torchmark Corporation (NYSE:TMK) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on July 27, 2009. Also Seekingalpha.com published the news titled: “Torchmark Corporation’s (TMK) CEO Gary Coleman on Q3 2016 Results – Earnings …” on October 26, 2016. Seekingalpha.com‘s news article titled: “Torchmark Corporation’s (TMK) CEO Gary Coleman on Q2 2016 Results – Earnings …” with publication date: July 28, 2016 was also an interesting one.
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By Winifred Garcia