Torchmark (TMK) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Torchmark (NYSE:TMK) posted its earnings results on Wednesday. The insurance provider reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.01, Yahoo Finance reports. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Torchmark had a net margin of 13.80% and a return on equity of 11.60%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.15 EPS. Torchmark updated its FY18 guidance to $5.90-6.10 EPS.

Shares of Torchmark (TMK) traded down $1.12 during mid-day trading on Thursday, reaching $82.16. 424,659 shares of the company’s stock were exchanged, compared to its average volume of 652,536. Torchmark has a 52-week low of $73.79 and a 52-week high of $93.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a market cap of $9,630.57, a price-to-earnings ratio of 17.72, a P/E/G ratio of 2.00 and a beta of 0.93.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Friday, January 5th were issued a $0.15 dividend. The ex-dividend date was Thursday, January 4th. This represents a $0.60 dividend on an annualized basis and a yield of 0.73%. Torchmark’s dividend payout ratio is currently 12.77%.

In other Torchmark news, EVP Vern D. Herbel sold 25,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.89, for a total value of $2,097,250.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP James Matthew Darden sold 12,750 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $90.89, for a total transaction of $1,158,847.50. Following the completion of the transaction, 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 96,250 shares of company stock worth $8,563,383 in the last quarter. 3.79% of the stock is currently owned by company insiders.

TMK has been the topic of several recent research reports. Zacks Investment Research lowered shares of Torchmark from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. ValuEngine upgraded shares of Torchmark from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Keefe, Bruyette & Woods restated a “hold” rating and set a $83.00 target price on shares of Torchmark in a report on Friday, November 10th. SunTrust Banks lifted their target price 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 set a “neutral” rating and a $83.00 target price on the stock. Two 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 stock. Torchmark has an average rating of “Hold” and an average price target of $83.17.

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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 for Torchmark (NYSE:TMK)

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