Davis R M Inc. trimmed its position in Torchmark Corporation (NYSE:TMK) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 145,040 shares of the insurance provider’s stock after selling 2,528 shares during the quarter. Davis R M Inc.’s holdings in Torchmark were worth $13,157,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tiedemann Wealth Management LLC boosted its holdings in Torchmark by 8.0% in the third quarter. Tiedemann Wealth Management LLC now owns 16,147 shares of the insurance provider’s stock valued at $127,000 after acquiring an additional 1,201 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Torchmark by 63.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the insurance provider’s stock valued at $144,000 after acquiring an additional 700 shares in the last quarter. Invictus RG bought a new stake in Torchmark in the third quarter valued at $165,000. Assetmark Inc. boosted its holdings in Torchmark by 7,975.0% in the third quarter. Assetmark Inc. now owns 2,261 shares of the insurance provider’s stock valued at $181,000 after acquiring an additional 2,233 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new stake in Torchmark in the third quarter valued at $205,000. 72.63% of the stock is currently owned by institutional investors.

In other news, EVP James Matthew Darden sold 12,750 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $90.89, for a total transaction of $1,158,847.50. Following the sale, the executive vice president now owns 16,500 shares in the company, valued at approximately $1,499,685. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Gary L. Coleman sold 37,500 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $83.28, for a total transaction of $3,123,000.00. Following the sale, the chairman now owns 666,875 shares in the company, valued at approximately $55,537,350. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 234,335 shares of company stock worth $20,167,546. Company insiders own 3.79% of the company’s stock.

TMK has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Torchmark from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Thursday, September 21st. ValuEngine upgraded shares of Torchmark from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $83.00 price target on shares of Torchmark in a report on Friday, November 10th. SunTrust Banks lifted their price target on shares of Torchmark from $75.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, Goldman Sachs Group initiated coverage on shares of Torchmark in a report on Wednesday, October 18th. They issued a “neutral” rating and a $83.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $81.67.

Shares of Torchmark Corporation (TMK) opened at $91.42 on Wednesday. Torchmark Corporation has a fifty-two week low of $72.59 and a fifty-two week high of $93.34. The company has a market cap of $10,550.00, a price-to-earnings ratio of 19.70, a PEG ratio of 2.29 and a beta of 1.02. 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 announced its earnings results on Tuesday, October 24th. The insurance provider reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. Torchmark had a net margin of 13.80% and a return on equity of 11.60%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business posted $1.15 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. sell-side analysts forecast that Torchmark Corporation will post 4.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, January 5th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, January 4th. Torchmark’s dividend payout ratio (DPR) is presently 12.93%.

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Torchmark 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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Institutional Ownership by Quarter for Torchmark (NYSE:TMK)

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