Torchmark Corporation (TMK) : Equity Investment Corpga reduced its stake in Torchmark Corporation by 5.65% during the most recent quarter end. The investment management company now holds a total of 1,066,442 shares of Torchmark Corporation which is valued at $65,639,505 after selling 63,917 shares in Torchmark Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Torchmark Corporation makes up approximately 1.97% of Equity Investment Corpga’s portfolio.
Other Hedge Funds, Including , Quantbot Technologies Lp sold out all of its stake in TMK during the most recent quarter. The investment firm sold 13,877 shares of TMK which is valued $854,129.Ngam Advisors boosted its stake in TMK in the latest quarter, The investment management firm added 648 additional shares and now holds a total of 11,828 shares of Torchmark Corporation which is valued at $728,013. Torchmark Corporation makes up approx 0.01% of Ngam Advisors’s portfolio.Msi Financial Services Inc boosted its stake in TMK in the latest quarter, The investment management firm added 694 additional shares and now holds a total of 723 shares of Torchmark Corporation which is valued at $44,392.
Torchmark Corporation closed down -0.17 points or -0.27% at $61.94 with 5,28,649 shares getting traded on Monday. Post opening the session at $62.05, the shares hit an intraday low of $61.78 and an intraday high of $62.19 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Torchmark Corporation reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.09. The company had revenue of $992.00 million for the quarter, compared to analysts expectations of $979.43 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.
Many Wall Street Analysts have commented on Torchmark Corporation. Company shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Underperform”, Firm has raised the Price Target to $ 55 from a previous price target of $53 .Torchmark Corporation was Upgraded by Goldman to ” Neutral” on Jul 15, 2016. Torchmark Corporation was Upgraded by BofA/Merrill to ” Neutral” on Jun 29, 2016.
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.