Media headlines about Torchmark (NYSE:TMK) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. 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 0.09 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 44.6312873148103 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Insider Selling: Torchmark Corporation (TMK) Insider Sells 28,500 Shares of Stock (americanbankingnews.com)
- Torchmark Corporation (TMK) EVP Sells $1,158,847.50 in Stock (americanbankingnews.com)
- Brokerages Anticipate Torchmark Corporation (TMK) Will Post Earnings of $1.23 Per Share (americanbankingnews.com)
- Ex-Dividend Reminder: Torchmark, CSRA and NetApp (nasdaq.com)
- Torchmark (TMK) Upgraded by ValuEngine to “Buy” (americanbankingnews.com)
Torchmark (TMK) traded up $0.36 during mid-day trading on Friday, hitting $91.06. The stock had a trading volume of 749,609 shares, compared to its average volume of 547,550. The company has a market capitalization of $10,444.47, a P/E ratio of 19.37, a P/E/G ratio of 2.44 and a beta of 1.01. Torchmark has a 12 month low of $72.59 and a 12 month high of $91.42. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.22.
Torchmark (NYSE:TMK) last released its earnings results on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Torchmark had a return on equity of 11.60% and a net margin of 13.80%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.15 earnings per share. analysts predict that Torchmark will post 4.8 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, January 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.66%. Torchmark’s payout ratio is currently 12.77%.
Several equities analysts have issued reports on the company. Zacks Investment Research downgraded Torchmark from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. ValuEngine upgraded Torchmark from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. 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. Goldman Sachs Group assumed coverage on Torchmark in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $83.00 price objective for the company. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $78.00 price objective on shares of Torchmark in a research report on Sunday, October 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $78.86.
In related news, EVP W Michael Pressley sold 52,500 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $83.93, for a total value of $4,406,325.00. Following the completion of the sale, the executive vice president now owns 105,948 shares in the company, valued at $8,892,215.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James Matthew Darden sold 12,750 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $90.89, for a total value of $1,158,847.50. Following the completion of the sale, the executive vice president now owns 16,500 shares of the company’s stock, valued at approximately $1,499,685. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 234,335 shares of company stock valued at $20,167,546. 3.79% of the stock is currently owned by corporate 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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