Torchmark Corp (TMK): John Henry Jr Rogers , other of Torchmark Corp sold 875 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were sold at $65.03 per share for a total value of $56,901.34 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 15, 2016, Michael Shane Henrie (other) sold 300 shares at $64.32 per share price.On Aug 30, 2016, Frank M Svoboda (EVP & CFO) sold 48,250 shares at $63.95 per share price.Also, On Aug 30, 2016, Roger C Smith (other) sold 22,500 shares at $63.68 per share price.On Aug 11, 2016, Bill Leavell (other) sold 25,200 shares at $62.08 per share price.
Torchmark Corporation: On Tuesday, Sep 21, 2016 heightened volatility was witnessed in Torchmark Corporation which led to swings in the share price. The shares opened for trading at $64.42 and hit $64.52 on the upside , eventually ending the session at $64.37, with a gain of 0.47% or 0.3 points. The heightened volatility saw the trading volume jump to 4,29,104 shares. The 52-week high of the share price is $65.2 and the company has a market cap of $7,709 M . The 52-week low of the share price is at $48.47.
On Sep 8, 2016, Torchmark Corporation announced a cash dividend of $0.1400. The company’s management has announced Oct 5, 2016 as the ex-dividend date and fixed the record date on Oct 7, 2016. The payable date has been fixed on Nov 1, 2016.
Company has been under the radar of several Street Analysts.Torchmark Corporation is Reiterated by RBC Capital Mkts to Underperform and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $53 .The Rating was issued on Aug 1, 2016.Torchmark Corporation is Upgraded by Goldman to Neutral. Earlier the firm had a rating of Sell on the company shares. The Rating was issued on Jul 15, 2016.Torchmark Corporation is Upgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Jun 29, 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.