Equities analysts forecast that Torchmark Co. (NYSE:TMK) will announce earnings of $1.65 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Torchmark’s earnings, with the lowest EPS estimate coming in at $1.64 and the highest estimate coming in at $1.66. Torchmark posted earnings of $1.51 per share during the same quarter last year, which indicates a positive year over year growth rate of 9.3%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, July 24th.
According to Zacks, analysts expect that Torchmark will report full year earnings of $6.68 per share for the current financial year, with EPS estimates ranging from $6.63 to $6.70. For the next year, analysts anticipate that the company will post earnings of $7.13 per share, with EPS estimates ranging from $7.00 to $7.25. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Torchmark.
Torchmark (NYSE:TMK) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. Torchmark had a return on equity of 12.75% and a net margin of 16.37%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 earnings per share.
In other news, insider Bill Leavell sold 38,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $87.38, for a total value of $3,320,440.00. Following the sale, the insider now directly owns 38,000 shares of the company’s stock, valued at $3,320,440. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Larry M. Hutchison sold 12,000 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $87.05, for a total value of $1,044,600.00. Following the completion of the sale, the chief executive officer now directly owns 610,510 shares in the company, valued at $53,144,895.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 230,028 shares of company stock worth $20,091,723. 3.64% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zions Bancorporation N.A. purchased a new stake in shares of Torchmark in the first quarter worth $29,000. CSat Investment Advisory L.P. grew its stake in shares of Torchmark by 60.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 407 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 153 shares during the last quarter. Arbor Wealth Management LLC purchased a new stake in shares of Torchmark in the fourth quarter worth $38,000. Captrust Financial Advisors purchased a new stake in shares of Torchmark in the fourth quarter worth $45,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Torchmark by 773.4% in the first quarter. Quadrant Capital Group LLC now owns 690 shares of the insurance provider’s stock worth $55,000 after acquiring an additional 611 shares during the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Torchmark stock traded up $0.50 during midday trading on Thursday, reaching $91.37. 3,079 shares of the company’s stock traded hands, compared to its average volume of 416,899. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market capitalization of $10.09 billion, a P/E ratio of 14.90, a PEG ratio of 1.74 and a beta of 0.95. The company’s 50 day moving average is $88.59. Torchmark has a 12 month low of $69.68 and a 12 month high of $91.83.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Friday, July 5th will be paid a $0.1725 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.69 annualized dividend and a yield of 0.76%. Torchmark’s payout ratio is 11.26%.
Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. It operates through four segments: Life Insurance, Health Insurance, Annuity, and Investment. The company offers traditional and interest-sensitive whole life insurance, as well as term life insurance.
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