GSA Capital Partners LLP Invests $447,000 in Torchmark Corporation (TMK) Stock

GSA Capital Partners LLP purchased a new stake in shares of Torchmark Corporation (NYSE:TMK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,586 shares of the insurance provider’s stock, valued at approximately $447,000.

A number of other hedge funds also recently made changes to their positions in TMK. Tiedemann Wealth Management LLC raised its position in Torchmark by 8.0% during 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. raised its position in Torchmark by 63.6% during 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 purchased a new position in Torchmark during the third quarter valued at approximately $165,000. Assetmark Inc. raised its position in Torchmark by 7,975.0% during 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. purchased a new position in Torchmark during the third quarter valued at approximately $205,000. Institutional investors own 72.46% of the company’s stock.

Shares of Torchmark Corporation (NYSE:TMK) opened at $90.70 on Friday. The company has a market capitalization of $10,414.46, a P/E ratio of 19.30, a PEG ratio of 2.44 and a beta of 1.01. Torchmark Corporation has a 12-month low of $72.59 and a 12-month high of $91.42. 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 (NYSE:TMK) last posted its quarterly earnings data 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. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Torchmark had a return on equity of 11.60% and a net margin of 13.80%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 earnings per share. sell-side analysts anticipate that Torchmark Corporation will post 4.8 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, January 5th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Thursday, January 4th. Torchmark’s dividend payout ratio (DPR) is presently 12.77%.

Several research analysts recently weighed in on TMK shares. Zacks Investment Research upgraded Torchmark from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Thursday, October 26th. ValuEngine upgraded Torchmark from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $83.00 price objective on shares of Torchmark in a research report on Friday, November 10th. SunTrust Banks boosted their price objective on Torchmark from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Goldman Sachs Group initiated 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, six have given a hold rating and one has assigned a buy rating to the stock. Torchmark presently has a consensus rating of “Hold” and a consensus price target of $78.86.

In other news, insider Roger C. Smith sold 30,000 shares of Torchmark stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $90.64, for a total value of $2,719,200.00. Following the sale, the insider now directly owns 65,685 shares of the company’s stock, valued at $5,953,688.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP W Michael Pressley sold 52,500 shares of Torchmark stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $83.93, for a total value of $4,406,325.00. Following the completion of the sale, the executive vice president now directly owns 105,948 shares in the company, valued at $8,892,215.64. The disclosure for this sale can be found here. Insiders sold 193,085 shares of company stock valued at $16,420,614 over the last 90 days. Company insiders own 3.79% of the company’s stock.

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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.

Institutional Ownership by Quarter for Torchmark (NYSE:TMK)

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