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.
Torchmark Corporation (TMK) stock is expected to deviate a maximum of $4.26 from the average target price of $57.88 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $67 and the most muted being $53.
Company shares have received an average consensus rating of Hold for the current week Torchmark Corporation (NYSE:TMK): The stock opened at $62.15 on Thursday but the bulls could not build on the opening and the stock topped out at $62.36 for the day. The stock traded down to $61.94 during the day, due to lack of any buying support eventually closed down at $61.95 with a loss of -0.13% for the day. The stock had closed at $62.03 on the previous day. The total traded volume was 545,009 shares.
In a related news, Adair Charles E, director of Torchmark Corp, unloaded 13,500 shares at an average price of $61.83 on August 5, 2016. The total amount of the transaction was worth $834,705, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.