Legacy Private Trust Lowers stake in Torchmark Corporation (TMK)

Torchmark Corporation (TMK) : Legacy Private Trust reduced its stake in Torchmark Corporation by 28.72% during the most recent quarter end. The investment management company now holds a total of 30,765 shares of Torchmark Corporation which is valued at $1,757,604 after selling 12,395 shares in Torchmark Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Torchmark Corporation makes up approximately 0.26% of Legacy Private Trust’s portfolio.

Torchmark Corporation opened for trading at $58.01 and hit $58.84 on the upside on Wednesday, eventually ending the session at $58.35, with a gain of 2.06% or 1.18 points. The heightened volatility saw the trading volume jump to 7,02,903 shares. Company has a market cap of $7,076 M.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in TMK by selling 92 shares or 68.15% in the most recent quarter. The Hedge Fund company now holds 43 shares of TMK which is valued at $2,457.Btr Capital Management Inc reduced its stake in TMK by selling 675 shares or 13.14% in the most recent quarter. The Hedge Fund company now holds 4,462 shares of TMK which is valued at $247,909. Torchmark Corporation makes up approx 0.06% of Btr Capital Management Inc’s portfolio.Capstone Asset Management Co boosted its stake in TMK in the latest quarter, The investment management firm added 17,295 additional shares and now holds a total of 71,822 shares of Torchmark Corporation which is valued at $3,990,430. Torchmark Corporation makes up approx 0.11% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Torchmark Corporation reported $1.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.06.Analysts expectations of $ 966.89.During the same quarter in the previous year, the company posted $1.04 EPS.

Many Wall Street Analysts have commented on Torchmark Corporation. Torchmark Corporation was Downgraded by Goldman to ” Sell” on Feb 24, 2016.

Torchmark Corporation is an insurance holding company. The Company’s 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 Government’s 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.

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