Torchmark Co. (NYSE:TMK) Short Interest Update

Torchmark Co. (NYSE:TMK) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 3,389,000 shares, an increase of 5.0% from the April 30th total of 3,226,500 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 483,600 shares, the short-interest ratio is currently 7.0 days.

Shares of NYSE:TMK traded up $0.37 during trading on Friday, reaching $92.05. The stock had a trading volume of 452,801 shares, compared to its average volume of 435,462. The stock has a 50-day moving average of $88.86. The firm has a market cap of $10.12 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.74 and a beta of 0.95. 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 one year low of $69.68 and a one year high of $92.18.

Torchmark (NYSE:TMK) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. Torchmark had a net margin of 16.37% and a return on equity of 12.75%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm posted $1.47 EPS. Torchmark’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, analysts forecast that Torchmark will post 6.68 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, July 5th will be given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, July 3rd. Torchmark’s dividend payout ratio is presently 11.26%.

In related news, Chairman Gary L. Coleman sold 25,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $87.11, for a total transaction of $2,177,750.00. Following the completion of the transaction, the chairman now owns 696,373 shares in the company, valued at $60,661,052.03. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Henry Rogers, Jr. sold 1,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $89.33, for a total transaction of $89,330.00. Following the transaction, the insider now owns 1,000 shares of the company’s stock, valued at approximately $89,330. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 230,028 shares of company stock valued at $20,091,723. 3.64% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation N.A. purchased a new stake in Torchmark during the first quarter worth about $29,000. CSat Investment Advisory L.P. increased its stake in Torchmark by 60.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 407 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 153 shares during the period. Arbor Wealth Management LLC purchased a new stake in Torchmark during the fourth quarter worth about $38,000. Captrust Financial Advisors purchased a new stake in Torchmark during the fourth quarter worth about $45,000. Finally, Quadrant Capital Group LLC increased its stake in Torchmark by 773.4% during the first quarter. Quadrant Capital Group LLC now owns 690 shares of the insurance provider’s stock worth $55,000 after purchasing an additional 611 shares during the period. 75.71% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Torchmark currently has an average rating of “Hold” and a consensus target price of $85.75.

About Torchmark

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, Health Insurance, Annuity, and Investment. The company offers traditional and interest-sensitive whole life insurance, as well as term life insurance.

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