Torchmark Corporation (NYSE:TMK) – Investment analysts at SunTrust Banks lifted their Q1 2018 earnings estimates for Torchmark in a report released on Thursday. SunTrust Banks analyst M. Hughes now expects that the insurance provider will post earnings per share of $1.44 for the quarter, up from their previous forecast of $1.24. SunTrust Banks currently has a “Hold” rating and a $85.00 price objective on the stock. SunTrust Banks also issued estimates for Torchmark’s Q2 2018 earnings at $1.49 EPS, Q3 2018 earnings at $1.53 EPS, Q4 2018 earnings at $1.54 EPS, Q1 2019 earnings at $1.56 EPS, Q2 2019 earnings at $1.60 EPS, Q3 2019 earnings at $1.65 EPS, Q4 2019 earnings at $1.65 EPS and FY2019 earnings at $6.47 EPS.

Torchmark (NYSE:TMK) last posted its earnings results on Wednesday, February 7th. The insurance provider reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.01. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Torchmark had a return on equity of 11.49% and a net margin of 34.99%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.15 EPS.

Several other brokerages have also issued reports on TMK. Zacks Investment Research upgraded Torchmark from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Thursday, January 11th. ValuEngine upgraded Torchmark from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $83.00 price objective on shares of Torchmark in a research report on Friday, November 10th. Wells Fargo & Co set a $78.00 price objective on Torchmark and gave the company a “sell” rating in a research report on Wednesday, February 7th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $83.17.

Torchmark (TMK) opened at $84.04 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.06 and a quick ratio of 0.06. Torchmark has a 12-month low of $73.99 and a 12-month high of $93.60. The stock has a market capitalization of $9,540.52, a P/E ratio of 6.84, a P/E/G ratio of 1.91 and a beta of 0.93.

In other Torchmark news, insider Kenneth J. Matson sold 28,500 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $90.81, for a total value of $2,588,085.00. Following the sale, the insider now owns 15,056 shares in the company, valued at approximately $1,367,235.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Matthew Darden sold 12,750 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,499,685. The disclosure for this sale can be found here. Insiders sold a total of 71,250 shares of company stock valued at $6,466,133 over the last quarter. 3.79% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Torchmark by 1.7% in the 4th quarter. BlackRock Inc. now owns 7,738,856 shares of the insurance provider’s stock valued at $701,992,000 after acquiring an additional 131,170 shares in the last quarter. Boston Partners lifted its stake in Torchmark by 0.9% in the 3rd quarter. Boston Partners now owns 1,884,492 shares of the insurance provider’s stock valued at $150,929,000 after acquiring an additional 16,795 shares in the last quarter. Geode Capital Management LLC lifted its stake in Torchmark by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,245,814 shares of the insurance provider’s stock valued at $112,786,000 after acquiring an additional 43,407 shares in the last quarter. SPF Beheer BV lifted its stake in Torchmark by 6.4% in the 3rd quarter. SPF Beheer BV now owns 906,971 shares of the insurance provider’s stock valued at $72,639,000 after acquiring an additional 54,934 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Torchmark by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 710,811 shares of the insurance provider’s stock valued at $54,377,000 after acquiring an additional 24,349 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

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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.

Earnings History and Estimates for Torchmark (NYSE:TMK)

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