Torchmark Corporation (TMK) : Traders are bullish on Torchmark Corporation (TMK) as it has outperformed the S&P 500 by a wide margin of 0.66% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.98%, 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 2.95% in the last 1 week, and is up 1.04% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Torchmark Corporation is up 5.75% in the last 3-month period. Year-to-Date the stock performance stands at 10.85%. The stock has recorded a 20-day Moving Average of 1.74% and the 50-Day Moving Average is 2.74%.
Torchmark Corporation (NYSE:TMK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.32 and $61.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.90, notching a gain of 0.59% for the day. The total traded volume was 528,346 . The stock had closed at $62.53 on the previous day.
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 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.