Bank of America Upgrades Torchmark Corporation to Neutral

Brokerage firm Bank of America Upgrades its rating on Torchmark Corporation(NYSE:TMK). The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by Bank of America was issued on Jun 29, 2016.

Torchmark Corporation (TMK) shares turned negative on Fridays trading session with the shares closing down -0.11 points or -0.18% at a volume of 5,22,419. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $62.09. The peak price level was also seen at $62.09 while the days lowest was $61.56. Finally the shares closed at $61.71. The 52-week high of the shares is $63.2599 while the 52-week low is $48.47. According to the latest information available, the market cap of the company is $7,445 M.

Torchmark Corporation(TMK) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $984.00M. Analysts had an estimated revenue of $971.25M. Earnings per share were $1.08. Analysts had estimated an EPS of $1.06.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Paul J Zucconi (director) sold 1,400 shares at $59.68 per share price.Also, On May 26, 2016, Carol A Mccoy (VP, Assoc. Counsel & Corp. Sec) sold 6,000 shares at $60.78 per share price.On May 24, 2016, Frank M Svoboda (EVP & CFO) sold 25,000 shares at $59.22 per share price, according to the Form-4 filing with the securities and exchange commission.

Torchmark Corporation is an insurance holding company. The Company’s segments include life insurance health insurance Medicare Part D annuities and investment. The life insurance segment offers whole-life insurance term life insurance and other life insurance products. The health insurance segment offers supplemental limited-benefit health insurance products primarily for cancer and accident plans. It also provides coverage under the Government’s Medicare Part D plan. The Company offers single-premium and flexible-premium deferred annuity products. The Company also invests in bonds preferred stock common stocks mortgage loans real estate policy loans and others. Its primary subsidiaries are American Income Life Insurance Company Liberty National Life Insurance Company Globe Life And Accident Insurance Company United American Insurance Company and Family Heritage Life Insurance Company of America.

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