Torchmark Corporation (TMK) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $1.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $1.09. The company posted revenue of $992.00 million in the period, compared to analysts expectations of $979.43 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.
Many Wall Street Analysts have commented on Torchmark Corporation. Torchmark Corporation was Upgraded by Goldman to ” Neutral” on Jul 15, 2016. Torchmark Corporation was Upgraded by BofA/Merrill to ” Neutral” on Jun 29, 2016.
Torchmark Corporation opened for trading at $61.78 and hit $62.49 on the upside on Thursday, eventually ending the session at $61.99, with a gain of 0.96% or 0.59 points. The heightened volatility saw the trading volume jump to 6,74,777 shares. Company has a market cap of $7,479 M.
In a different news, on Jun 16, 2016, Paul J Zucconi (director) sold 1,400 shares at $59.68 per share price. According to the SEC, on May 26, 2016, Carol A Mccoy (VP, Assoc. Counsel & Corp. Sec) sold 6,000 shares at $60.78 per share price. On May 24, 2016, Frank M Svoboda (EVP & CFO) sold 25,000 shares at $59.22 per share price, according to the Form-4 filing with the securities and exchange commission.
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.