Torchmark Corporation (TMK) stock had a bullish inflow of $11.85 million worth of trades on uptick and an outflow of $3.93 million in downticks on Friday. The total uptick to downtick ratio stood at 3.02. The net money flow into the stock was $7.92 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $7.29 million. $7.29 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Torchmark Corporation (TMK) stock traded down $0.04 , and reached $64.64, a drop of -0.06% over the previous day. On a weekly basis, the stock is 1.89%, over the previous weeks close.
The company Insiders own 3.96% of Torchmark Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.95% . Institutional Investors own 75.95% of Torchmark Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -3.87%.
In a related news, The Securities and Exchange Commission has divulged that Svoboda Frank M, officer (EVP & CFO) of Torchmark Corp, had unloaded 48,250 shares at an average price of $63.95 in a transaction dated on August 29, 2016. The total value of the transaction was worth $3,085,588.
Torchmark Corporation (NYSE:TMK): The stock opened at $64.89 and touched an intraday high of $65.1 on Friday. During the day, the stock corrected to an intraday low of $64.67, however, the bulls stepped in and pushed the price higher to close in the green at $65.08 with a gain of 0.68% for the day. The total traded volume for the day was 403,680. The stock had closed at $64.64 in the previous trading session.
Torchmark Corporation (TMK) : Traders are bullish on Torchmark Corporation (TMK) as it has outperformed the S&P 500 by a wide margin of 4.92% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.07%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.59% in the last 1 week, and is up 4.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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.