Torchmark Corporation (NYSE:TMK) is expected to pay $0.14 on Nov 1, 2016. The indicated annual dividend is $0.56. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on Torchmark Corporation’s current price of $63.77, the dividend is 0.22%. This dividend’s record date is Oct 7, 2016 and the announcement date is Sep 9, 2016. The stock decreased 0.19% or $0.12 during the last trading session, hitting $63.77. Torchmark Corporation (NYSE:TMK) has risen 20.39% since March 1, 2016 and is uptrending. It has outperformed by 11.15% the S&P500.
Torchmark Corporation is an insurance holding company. The company has a market cap of $7.72 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 14.66 P/E ratio. The Company’s divisions include life insurance, health insurance, annuities and investment.
Insitutional Activity: The institutional sentiment is 0.77 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 25 funds sold all Torchmark Corporation shares owned while 146 reduced positions. only 44 funds bought stakes while 88 increased positions. They now own 87.73 million shares or 7.54% less from 94.88 million shares in 2016Q1.
Sumitomo Mitsui Inc, a Japan-based fund reported 349,740 shares. Neuberger Berman Grp Ltd Limited Liability Company last reported 0.02% of its portfolio in the stock. Cornerstone has invested 0% of its portfolio in Torchmark Corporation (NYSE:TMK). Caisse De Depot Et Placement Du Quebec has invested 0.43% of its portfolio in Torchmark Corporation (NYSE:TMK). Geode Mgmt Limited Liability Corp holds 0.03% of its portfolio in Torchmark Corporation (NYSE:TMK) for 944,286 shares. Amer Century Companies Inc has 0.05% invested in the company for 730,109 shares. Royal State Bank Of Canada holds 59,954 shares or 0% of its portfolio. Moreover, Usca Ria Lc has 0.04% invested in Torchmark Corporation (NYSE:TMK) for 4,000 shares. Bb&T holds 0.19% or 146,868 shares in its portfolio. Great Lakes Limited Liability Company has 18,192 shares for 0.03% of their US portfolio. Farmers Merchants Invs holds 19 shares or 0% of its portfolio. Welch Grp Ltd Liability last reported 0.35% of its portfolio in the stock. Salem Inv Counselors owns 6,000 shares or 0.04% of their US portfolio. The Florida-based Raymond James And Associate has invested 0.03% in Torchmark Corporation (NYSE:TMK). Fjarde Ap has invested 0.04% of its portfolio in Torchmark Corporation (NYSE:TMK).
Insider Transactions: Since April 28, 2016, the stock had 0 insider purchases, and 33 selling transactions for $44.72 million net activity. Shares for $30,995 were sold by HENRIE MICHAEL SHANE on Monday, August 15. COLEMAN GARY L had sold 37,500 shares worth $2.33M. 875 shares were sold by Rogers John Henry JR, worth $56,901 on Wednesday, September 21. On Tuesday, May 31 SMITH ROGER C sold $1.84M worth of the stock or 30,000 shares. SVOBODA FRANK M sold $1.32 million worth of stock. $5.45M worth of Torchmark Corporation (NYSE:TMK) shares were sold by HERBEL VERN D. $435,101 worth of Torchmark Corporation (NYSE:TMK) was sold by MAJORS MICHAEL CLAY on Monday, May 23.
Torchmark Corporation (NYSE:TMK) Ratings Coverage
Out of 7 analysts covering Torchmark Corporation (NYSE:TMK), 0 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 0 are positive. Torchmark Corporation has been the topic of 18 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Wednesday, July 29, the company rating was downgraded by Bank of America. On Wednesday, January 13 the stock rating was upgraded by Wells Fargo to “Outperform”. Goldman Sachs downgraded the shares of TMK in a report on Wednesday, February 24 to “Sell” rating. FBR Capital upgraded Torchmark Corporation (NYSE:TMK) on Monday, August 3 to “Market Perform” rating. On Thursday, August 13 the stock rating was downgraded by Morgan Stanley to “Underweight”. The firm has “Underperform” rating given on Friday, September 23 by Wells Fargo. Zacks upgraded the stock to “Sell” rating in Tuesday, August 25 report. Zacks upgraded the stock to “Hold” rating in Wednesday, September 2 report. On Tuesday, November 17 the stock rating was initiated by Goldman Sachs with “Neutral”. The company was upgraded on Wednesday, August 19 by Zacks.
More news for Torchmark Corporation (NYSE:TMK) were recently published by: Prnewswire.com, which released: “Torchmark Corporation Reports Second Quarter 2016 Results” on July 27, 2016. Seekingalpha.com‘s article titled: “Torchmark Corporation’s (TMK) CEO Gary Coleman on Q2 2016 Results – Earnings …” and published on July 28, 2016 is yet another important article.
TMK Company Profile
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).
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