Pensionfund Sabic buys $1.3 Million stake in Torchmark Corporation (TMK)

Torchmark Corporation (TMK) : Pensionfund Sabic scooped up 4,000 additional shares in Torchmark Corporation during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 24,000 shares of Torchmark Corporation which is valued at $1.3 Million.Torchmark Corporation makes up approximately 0.39% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands boosted its stake in TMK in the latest quarter, The investment management firm added 13,800 additional shares and now holds a total of 53,800 shares of Torchmark Corporation which is valued at $2.9 Million. Torchmark Corporation makes up approx 0.39% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Torchmark Corporation reported $1.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $1.06.Analysts expectations of $ 1015.57.During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Torchmark Corporation. Torchmark Corporation was Downgraded by Goldman to ” Sell” on Feb 24, 2016. Torchmark Corporation was Upgraded by Wells Fargo to ” Outperform” on Jan 13, 2016.

Torchmark Corporation opened for trading at $53.76 and hit $54.06 on the upside on Monday, eventually ending the session at $53.59, with a gain of 0.37% or 0.2 points. The heightened volatility saw the trading volume jump to 4,39,184 shares. Company has a market cap of $6,499 M.

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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