Torchmark Corporation (TMK) : During the past 4 weeks, traders have been relatively bearish on Torchmark Corporation (TMK), hence the stock is down -3.32% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.68% relative to the S&P 500. The 4-week change in the price of the stock is -2.32% and the stock has fallen -1.63% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.28% and the 50-Day Moving Average is 0%. Torchmark Corporation (NYSE:TMK): On Fridays trading session , Opening price of the stock was $61.49 with an intraday high of $61.51. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $60.92. However, the stock managed to close at $61.1, a loss of 1.37% for the day. On the previous day, the stock had closed at $61.95. The total traded volume of the day was 644,018 shares.
The company Insiders own 3.96% of Torchmark Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.95% . Institutional Investors own 75.97% of Torchmark Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -3.87%. Also, Deutsche Bank maintains its view on Torchmark Corporation (NYSE:TMK) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank raises the price target from $56 per share to $59 per share on Torchmark Corporation. The rating by the firm was issued on July 29, 2016.
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.