Torchmark Corp (TMK) Holder Regions Financial Corp Has Decreased Position

April 17, 2018 - By Henry Gaston

Investors sentiment increased to 1 in Q4 2017. Its up 0.18, from 0.82 in 2017Q3. It is positive, 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. Franklin Resource Incorporated invested in 46,665 shares. 119,244 were accumulated by Manufacturers Life Ins The. Birmingham Capital Mngmt Al accumulated 4,950 shares. Montag A And Assoc Inc reported 0.07% stake. Sterling Ltd Liability Co invested 0.01% in Torchmark Corporation (NYSE:TMK). Adage Capital Ptnrs Grp Llc reported 0.03% of its portfolio in Torchmark Corporation (NYSE:TMK). Cibc World Mkts Corp holds 0.01% of its portfolio in Torchmark Corporation (NYSE:TMK) for 21,740 shares. State Of Tennessee Treasury Department reported 27,776 shares stake. Channing Cap Lc holds 0.12% or 40,751 shares. Tiaa Cref Invest Mgmt Ltd holds 0.01% in Torchmark Corporation (NYSE:TMK) or 223,660 shares. Leavell Investment Mngmt, Alabama-based fund reported 131,112 shares. Meiji Yasuda Life Insur Communications owns 0.06% invested in Torchmark Corporation (NYSE:TMK) for 4,420 shares. Canada Pension Plan Inv Board owns 149,061 shares. Moreover, Rowland Co Counsel Adv has 0.66% invested in Torchmark Corporation (NYSE:TMK) for 18,498 shares. Putnam Invs Limited Liability Company, a Massachusetts-based fund reported 52,739 shares.

Since October 26, 2017, it had 0 insider buys, and 20 sales for $35.59 million activity. Shares for $159,525 were sold by Rogers John Henry JR. $1.58 million worth of Torchmark Corporation (NYSE:TMK) was sold by LEAVELL BILL on Friday, October 27. $420,961 worth of stock was sold by HUTCHISON LARRY M on Tuesday, March 27. On Thursday, October 26 the insider LUTEK BEN sold $4.41M. COLEMAN GARY L also sold $420,406 worth of Torchmark Corporation (NYSE:TMK) on Tuesday, March 27. Shares for $4.41M were sold by PRESSLEY W MICHAEL on Thursday, October 26.

Regions Financial Corp decreased its stake in Torchmark Corp (TMK) by 1.75% based on its latest 2017Q4 regulatory filing with the SEC. Regions Financial Corp sold 33,368 shares as the company’s stock declined 8.29% with the market. The institutional investor held 1.87M shares of the life insurance company at the end of 2017Q4, valued at $169.45M, down from 1.90M at the end of the previous reported quarter. Regions Financial Corp who had been investing in Torchmark Corp for a number of months, seems to be less bullish one the $9.77 billion market cap company. The stock increased 0.87% or $0.74 during the last trading session, reaching $85.83. About 213,093 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.

Regions Financial Corp, which manages about $9.24B US Long portfolio, upped its stake in Qualcomm Inc (NASDAQ:QCOM) by 93,039 shares to 877,895 shares, valued at $56.20M in 2017Q4, according to the filing. It also increased its holding in Amazon Com Inc (NASDAQ:AMZN) by 3,074 shares in the quarter, for a total of 38,278 shares, and has risen its stake in Blackrock Fund Advisors (IDV).

Analysts await Torchmark Corporation (NYSE:TMK) to report earnings on April, 18. They expect $1.46 earnings per share, up 26.96 % or $0.31 from last year’s $1.15 per share. TMK’s profit will be $166.23M for 14.70 P/E if the $1.46 EPS becomes a reality. After $1.24 actual earnings per share reported by Torchmark Corporation for the previous quarter, Wall Street now forecasts 17.74 % EPS growth.

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 had 10 analyst reports since October 18, 2017 according to SRatingsIntel. Morgan Stanley maintained the shares of TMK in report on Thursday, April 5 with “Underweight” rating. The company was maintained on Friday, November 10 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The company was maintained on Monday, November 13 by Morgan Stanley. SunTrust maintained Torchmark Corporation (NYSE:TMK) on Thursday, October 26 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods on Wednesday, April 11 with “Hold”.

Torchmark Corporation (NYSE:TMK) Institutional Positions Chart

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