Out of 4 analysts covering Torchmark Corporation (NYSE:TMK), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. $61.0 is the highest target while $51 is the lowest. The $55.80 average target is -12.72% below today’s ($63.93) stock price. Torchmark Corporation has been the topic of 11 analyst reports since October 27, 2015 according to StockzIntelligence Inc. Wells Fargo reinitiated the stock on September 23 with “Underperform” rating. Bank of America upgraded the shares of TMK in a report on June 29 to “Neutral” rating. Below is a list of Torchmark Corporation (NYSE:TMK) latest ratings and price target changes.
23/09/2016 Broker: Wells Fargo Rating: Underperform Reinitiate
15/07/2016 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral Old Target: $54.00 New Target: $60.00 Upgrade
29/06/2016 Broker: Bank of America Old Rating: Underperform New Rating: Neutral Upgrade
The stock increased 0.71% or $0.45 during the last trading session, hitting $63.93. Torchmark Corporation (NYSE:TMK) has risen 24.35% since February 25, 2016 and is uptrending. It has outperformed by 13.10% the S&P500.
Torchmark Corporation is an insurance holding company. The company has a market cap of $7.69 billion. The Company, through its subsidiaries, provides a range of life and health insurance products and annuities to a broad base of customers. It has a 14.64 P/E ratio. The Company’s divisions include life insurance, health insurance, annuities and investment.
Insitutional Activity: The institutional sentiment is 0.77 in Q2 2016. Its the same as in 2016Q1. The ratio is flat, as 25 funds sold all Torchmark Corporation shares owned while 146 reduced positions. only 44 funds bought stakes while 88 increased positions. They now own 87.73 million shares or 7.54% less from 94.88 million shares in 2016Q1.
Torchmark Corp holds 22.2% of its portfolio in Torchmark Corporation for 428,250 shares. Barbara Oil Co. owns 67,500 shares or 3.36% of their US portfolio. Moreover, Spf Beheer Bv has 2.97% invested in the company for 928,513 shares. The Georgia-based Equity Investment Corp Ga has invested 2.05% in the stock. Perkins Investment Management Llc, a Illinois-based fund reported 1.81 million shares.
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