Torchmark Corp (TMK): W Michael Pressley , EVP & Chief Inv. Officer of Torchmark Corp sold 105,000 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $58.75 per share for a total value of $6,168,939.00 , 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, W Michael Pressley (EVP & Chief Inv. Officer) sold 105,000 shares at $58.75 per share price.On May 9, 2016, Vern D Herbel (EVP and Chief Admin. Officer) sold 84,375 shares at $57.69 per share price.Also, On May 6, 2016, Arvelia Bowie (VP & Dir. of Human Resources) sold 7,000 shares at $57.01 per share price.On May 2, 2016, Gary L Coleman (Co-Chairman & CEO) sold 37,500 shares at $57.88 per share price.
Torchmark Corporation: On Tuesday, May 10, 2016 heightened volatility was witnessed in Torchmark Corporation which led to swings in the share price. The shares opened for trading at $58.44 and hit $59.01 on the upside , eventually ending the session at $58.79, with a gain of 1.01% or 0.59 points. The heightened volatility saw the trading volume jump to 6,95,159 shares. The 52-week high of the share price is $63.2599 and the company has a market cap of $7,093 M . The 52-week low of the share price is at $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.