Torchmark Corporation (TMK): $1.77 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.65. The value of trades done on upticks was $4.46 million, whereas, trades done on downticks were valued at $2.7 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $1.46 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $1.46 million. Torchmark Corporation (TMK) fell $0.06 traded at $62.34, a change of -0.1% over the previous day. The stock is -0.34% for the week.
Also, Equity Analysts at the Goldman Sachs upgrades the rating on Torchmark Corporation (NYSE:TMK). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Sell. The Analysts at the ratings agency raises the price target from $54 per share to $60 per share. The rating by the firm was issued on July 15, 2016.
Torchmark Corporation (NYSE:TMK): The stock opened at $62.53 on Wednesday but the bulls could not build on the opening and the stock topped out at $62.59 for the day. The stock traded down to $62.25 during the day, due to lack of any buying support eventually closed down at $62.34 with a loss of -0.10% for the day. The stock had closed at $62.40 on the previous day. The total traded volume was 331,539 shares.
The stock has recorded a 20-day Moving Average of 2.12% and the 50-Day Moving Average is 3.39%. In a related news, The Securities and Exchange Commission has divulged that Zucconi Paul J, director of Torchmark Corp, had unloaded 1,400 shares at an average price of $59.68 in a transaction dated on June 15, 2016. The total value of the transaction was worth $83,552.
Torchmark Corporation is an insurance holding company. The Companys 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 Governments 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.