Torchmark Corp (TMK): Steven John Dichiaro , other of Torchmark Corp sold 37,500 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $58.55 per share for a total value of $2,195,501.25 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 12, 2016, Roger C Smith (other) sold 31,722 shares at $58.85 per share price.On May 12, 2016, W Michael Pressley (EVP & Chief Inv. Officer) sold 105,000 shares at $58.75 per share price.Also, On May 9, 2016, Vern D Herbel (EVP and Chief Admin. Officer) sold 84,375 shares at $57.69 per share price.On May 6, 2016, Arvelia Bowie (VP & Dir. of Human Resources) sold 7,000 shares at $57.01 per share price.
Shares of Torchmark Corporation (TMK) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.59 points or -0.99% at $59.08 with 5,23,065 shares getting traded. Post opening the session at $59.28, the shares hit an intraday low of $58.65 and an intraday high of $59.65 and the price vacillated in this range throughout the day. The company has a market cap of $7,128 M and the number of outstanding shares has been calculated to be 12,06,50,716 shares. The 52-week high of Torchmark Corporation is $63.2599 and the 52-week low is $48.47.
Company has been under the radar of several Street Analysts.Torchmark Corporation is Downgraded by Goldman to Sell. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued 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.