The stock of Torchmark Corporation (NYSE:TMK) reached all time high today, Nov, 10 and still has $85.11 target or 24.00% above today’s $68.64 share price. This indicates more upside for the $8.41 billion company. This technical setup was reported by Barchart.com. If the $85.11 PT is reached, the company will be worth $2.02B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 272,618 shares traded hands. Torchmark Corporation (NYSE:TMK) has risen 26.50% since April 8, 2016 and is uptrending. It has outperformed by 20.85% the S&P500.
Torchmark Corporation (NYSE:TMK) Ratings Coverage
Out of 8 analysts covering Torchmark Corporation (NYSE:TMK), 0 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 0 are positive. Torchmark Corporation has been the topic of 19 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Goldman Sachs initiated Torchmark Corporation (NYSE:TMK) on Tuesday, November 17 with “Neutral” rating. Zacks upgraded the shares of TMK in a report on Wednesday, August 19 to “Sell” rating. The firm has “Outperform” rating by Wells Fargo given on Wednesday, January 13. The firm has “Sell” rating by Zacks given on Tuesday, August 25. Bank of America upgraded the shares of TMK in a report on Wednesday, June 29 to “Neutral” rating. The company was upgraded on Wednesday, September 2 by Zacks. The rating was downgraded by Goldman Sachs on Wednesday, February 24 to “Sell”. Morgan Stanley downgraded the stock to “Underweight” rating in Thursday, August 13 report. The stock of Torchmark Corporation (NYSE:TMK) earned “Neutral” rating by Credit Suisse on Friday, October 7. FBR Capital upgraded Torchmark Corporation (NYSE:TMK) on Monday, August 3 to “Market Perform” rating.
According to Zacks Investment Research, “Torchmark Corporation is a financial services holding company specializing in life and supplemental health insurance for middle income Americans marketed through multiple distribution channels including direct response, exclusive and independent agencies. (Press Release)”
Insitutional Activity: The institutional sentiment is 0.77 in Q2 2016. Its the same as in 2016Q1. The ratio has no change, 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.
Kbc Nv accumulated 7,939 shares or 0.01% of the stock. Highland Cap Limited Liability has 83,131 shares for 0.44% of their US portfolio. Welch Gp Limited Liability Company, a Alabama-based fund reported 27,416 shares. Cornerstone Capital Management Lc holds 0.01% or 24,267 shares in its portfolio. Kanaly has 23 shares for 0% of their US portfolio. Teacher Retirement System Of Texas holds 0% or 8,246 shares in its portfolio. Mizuho Asset Management Coltd reported 1,212 shares or 0.01% of all its holdings. Pzena Management Limited Liability reported 849,491 shares or 0.33% of all its holdings. Alliancebernstein Limited Partnership reported 224,063 shares or 0.01% of all its holdings. Delta Lloyd Nv holds 0.03% of its portfolio in Torchmark Corporation (NYSE:TMK) for 14,754 shares. Susquehanna International Group Ltd Liability Partnership accumulated 17,887 shares or 0% of the stock. Daiwa Securities accumulated 0% or 3,025 shares. First Trust Advsr Limited Partnership last reported 0.04% of its portfolio in the stock. Stifel holds 133,428 shares or 0.04% of its portfolio. Employees Retirement Association Of Colorado has 26,454 shares for 0.01% of their US portfolio.
Insider Transactions: Since May 13, 2016, the stock had 0 buys, and 29 selling transactions for $31.52 million net activity. Another trade for 1,400 shares valued at $83,552 was sold by ZUCCONI PAUL J. On Wednesday, May 25 the insider MCCOY CAROL A sold $364,691. $2.33 million worth of shares were sold by HUTCHISON LARRY M on Friday, July 29. Shares for $314,108 were sold by MAJORS MICHAEL CLAY. $205,798 worth of Torchmark Corporation (NYSE:TMK) shares were sold by Bertini Domenico. $5.45 million worth of Torchmark Corporation (NYSE:TMK) shares were sold by HERBEL VERN D. On Thursday, October 27 COLEMAN GARY L sold $1.44 million worth of the stock or 22,850 shares.
More important recent Torchmark Corporation (NYSE:TMK) news were published by: Prnewswire.com which released: “TORCHMARK CORPORATION REPORTS Third quarter 2016 Results” on October 25, 2016, also Seekingalpha.com published article titled: “Torchmark Corporation’s (TMK) CEO Gary Coleman on Q2 2016 Results – Earnings …”, Seekingalpha.com published: “Torchmark Corporation’s (TMK) CEO Gary Coleman on Q3 2016 Results – Earnings …” on October 26, 2016. More interesting news about Torchmark Corporation (NYSE:TMK) was released by: Prnewswire.com and their article: “Torchmark Prices Junior Subordinated Debentures Offering” with publication date: March 30, 2016.
TMK Company Profile
Torchmark Corporation (Torchmark), incorporated on November 29, 1979, is an insurance holding company. The Company, through its subsidiaries, provides a range of life and health insurance products and annuities to a broad base of customers. The Company’s divisions include life insurance, health insurance, annuities and investment. The life insurance segment offers whole-life insurance and term life insurance. The Health insurance products are guaranteed-renewable and include Medicare Supplement, critical illness, accident, long-term care and limited-benefit supplemental hospital and surgical coverage’s. Annuities include fixed-benefit contracts. The Firm markets its insurance products through various distribution channels, each of which sells the products of its insurance divisions. The Company’s primary subsidiaries are American Income Life Insurance Company (American Income), Liberty National Life Insurance Company (Liberty National), Globe Life And Accident Insurance Company (Globe), United American Insurance Company (United American), and Family Heritage Life Insurance Company of America (Family Heritage).
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