Torchmark Co. (NYSE:TMK) CFO Frank M. Svoboda sold 12,375 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $87.70, for a total transaction of $1,085,287.50. Following the sale, the chief financial officer now owns 105,828 shares of the company’s stock, valued at approximately $9,281,115.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE:TMK traded down $0.46 on Friday, reaching $87.03. 8,250 shares of the company’s stock were exchanged, compared to its average volume of 667,365. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $9.74 billion, a PE ratio of 18.04, a P/E/G ratio of 1.03 and a beta of 0.86. Torchmark Co. has a 52 week low of $80.34 and a 52 week high of $93.60.
Torchmark (NYSE:TMK) last issued its earnings results on Wednesday, October 24th. The insurance provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.06. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. Torchmark had a net margin of 36.42% and a return on equity of 11.53%. Analysts anticipate that Torchmark Co. will post 6.13 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of TMK. Piedmont Investment Advisors LLC bought a new position in Torchmark during the second quarter worth about $101,000. Braun Bostich & Associates Inc. boosted its position in Torchmark by 1,298.9% during the second quarter. Braun Bostich & Associates Inc. now owns 1,287 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 1,195 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in Torchmark by 22,414.3% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,576 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 1,569 shares during the period. Parallel Advisors LLC boosted its position in Torchmark by 118.8% during the third quarter. Parallel Advisors LLC now owns 1,726 shares of the insurance provider’s stock worth $150,000 after purchasing an additional 937 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new position in Torchmark during the third quarter worth about $194,000. Hedge funds and other institutional investors own 74.27% of the company’s stock.
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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