Torchmark Corporation (TMK) : The consensus on Torchmark Corporation (TMK) based on 9 analyst recommendation on the company stock is 3.59, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Torchmark Corporation (TMK) stock is expected to deviate a maximum of $5.53 from the average target price of $58.29 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $70 and the most muted being $53.
Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Torchmark Corporation (NYSE:TMK). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $59 per share from a prior target of $56. The rating by the firm was issued on July 29, 2016.
Torchmark Corporation (NYSE:TMK): After opening at $64.4, the stock dipped to an intraday low of $64.35 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $64.99 and the buying power remained strong till the end. The stock closed at $64.75 for the day, a gain of 0.48% for the day session. The total traded volume was 455,378. The stocks close on the previous trading day was $64.44.
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.