Torchmark Corporation (TMK) Receives Price Target

Torchmark Corporation (TMK) : 7 Wall Street analysts covering Torchmark Corporation (TMK) believe that the average level the stock could reach for the short term is $58.29. The maximum price target given is $70 and the minimum target for short term is around $53, hence the standard deviation is calculated at $5.53.

Torchmark Corporation (TMK) : 9 analysts are covering Torchmark Corporation (TMK) and their average rating on the stock is 3.59, which is read as a Sell. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Brokerage firm Deutsche Bank maintains its rating on Torchmark Corporation (NYSE:TMK). As per the latest information, the brokerage house raises the price target to $59 per share from a prior target of $56. The shares have been rated Hold. The rating by the firm was issued on July 29, 2016.

Torchmark Corporation (NYSE:TMK): The stock opened at $64.84 on Thursday but the bulls could not build on the opening and the stock topped out at $64.96 for the day. The stock traded down to $64.07 during the day, due to lack of any buying support eventually closed down at $64.64 with a loss of -0.06% for the day. The stock had closed at $64.68 on the previous day. The total traded volume was 483,035 shares.

Torchmark Corporation is an insurance holding company. The Companys 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 Governments 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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