Rowland & Company Investment Counsel Decreased Torchmark Corp (NYSE:TMK) Stake By $33.82 Million

April 17, 2018 - By Marie Mckinney

Investors sentiment increased to 1 in Q4 2017. Its up 0.18, from 0.82 in 2017Q3. It improved, as 27 investors sold TMK shares while 143 reduced holdings. 59 funds opened positions while 111 raised stakes. 79.58 million shares or 0.47% more from 79.21 million shares in 2017Q3 were reported. Int Group Inc reported 50,175 shares stake. Sun Life Inc owns 235 shares or 0% of their US portfolio. Choate Investment Advsr holds 8,304 shares or 0.04% of its portfolio. Foster Motley stated it has 0.09% in Torchmark Corporation (NYSE:TMK). The Massachusetts-based Loring Wolcott Coolidge Fiduciary Advsrs Llp Ma has invested 0% in Torchmark Corporation (NYSE:TMK). 12.26M were accumulated by Vanguard Group Inc. Rafferty Asset Ltd Limited Liability Company owns 25,189 shares. Cooke And Bieler L P holds 30,150 shares or 0.05% of its portfolio. Envestnet Asset Management has invested 0% of its portfolio in Torchmark Corporation (NYSE:TMK). Los Angeles Mngmt Equity Rech Inc, California-based fund reported 161,349 shares. Gulf Int Natl Bank (Uk) reported 0.04% of its portfolio in Torchmark Corporation (NYSE:TMK). Lpl Ltd Limited Liability Company reported 3,077 shares. Brown Advisory Inc stated it has 3,829 shares or 0% of all its holdings. Dnb Asset Management As holds 0.02% of its portfolio in Torchmark Corporation (NYSE:TMK) for 18,822 shares. Andra Ap holds 0.13% of its portfolio in Torchmark Corporation (NYSE:TMK) for 65,400 shares.

Since October 26, 2017, it had 0 insider buys, and 20 sales for $35.59 million activity. 28,500 shares were sold by MATSON KENNETH J, worth $2.59M on Thursday, January 4. LUTEK BEN had sold 52,500 shares worth $4.41M. Shares for $1.08M were sold by SVOBODA FRANK M. 24,000 shares were sold by COLEMAN GARY L, worth $2.07M. $50,616 worth of stock was sold by ZUCCONI PAUL J on Thursday, October 26. 12,750 Torchmark Corporation (NYSE:TMK) shares with value of $1.16 million were sold by Darden James Matthew.

Rowland & Company Investment Counsel decreased its stake in Torchmark Corp (NYSE:TMK) by 2.16% based on its latest 2018Q1 regulatory filing with the SEC. Rowland & Company Investment Counsel sold 400 shares as the company’s stock declined 8.29% with the market. The institutional investor held 18,098 shares of the life insurance company at the end of 2018Q1, valued at $1.53 billion, down from 18,498 at the end of the previous reported quarter. Rowland & Company Investment Counsel who had been investing in Torchmark Corp for a number of months, seems to be less bullish one the $9.68B market cap company. The stock decreased 0.06% or $0.05 during the last trading session, reaching $85.04. About 354,286 shares traded. Torchmark Corporation (NYSE:TMK) has risen 8.95% since April 17, 2017 and is uptrending. It has underperformed by 2.60% the S&P500.

Rowland & Company Investment Counsel, which manages about $228.64M and $252.25B US Long portfolio, upped its stake in Chevron Corporation (NYSE:CVX) by 338 shares to 45,990 shares, valued at $5.24B in 2018Q1, according to the filing. It also increased its holding in Leggett & Platt Inc (NYSE:LEG) by 447 shares in the quarter, for a total of 29,586 shares, and has risen its stake in Simmons First Nation Class A (NASDAQ:SFNC).

Rowland & Company Investment Counsel is a Georgia-based institutional investor with more than $228.64 million AUM in March, 2014. Taken from Rowland & Company Investment latest Adv, the fund reported to have 4 full and part-time employees. Among which 3 performing investment advisory and research functions. The institutional investor had more than 100 clients.

Torchmark Corporation (NYSE:TMK) Ratings Coverage

Among 7 analysts covering Torchmark (NYSE:TMK), 1 have Buy rating, 3 Sell and 3 Hold. Therefore 14% are positive. Torchmark has $9700 highest and $78 lowest target. $86.43’s average target is 1.63% above currents $85.04 stock price. Torchmark had 10 analyst reports since October 18, 2017 according to SRatingsIntel. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Morgan Stanley maintained Torchmark Corporation (NYSE:TMK) rating on Thursday, April 5. Morgan Stanley has “Underweight” rating and $82 target. On Thursday, October 26 the stock rating was maintained by SunTrust with “Hold”. The company was maintained on Friday, November 10 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Wednesday, April 11 report. As per Monday, November 13, the company rating was maintained by Morgan Stanley.

Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. The company has market cap of $9.68 billion. It operates through Life Insurance, Health Insurance, and Annuities divisions. It has a 6.95 P/E ratio. The Life Insurance segment offers life insurance products, including traditional and interest-sensitive whole life and term life insurance, and other life insurance.

Torchmark Corporation (NYSE:TMK) Institutional Positions Chart

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