KBW Releases a Hold Rating on Torchmark

By Ryan Adsit

KBW analyst Ryan Krueger reiterated a Hold rating on Torchmark (NYSE: TMK) yesterday and set a price target of $75. The company’s shares opened today at $76.33.

According to TipRanks.com, Krueger is a 5-star analyst with an average return of 15.7% and a 71.6% success rate. Krueger covers the Financial sector, focusing on stocks such as Prudential Financial Inc, Lincoln National Corp, and Ameriprise Financial.

Torchmark has an analyst consensus of Moderate Sell, with a price target consensus of $72.

Based on Torchmark’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.02 billion and quarterly net profit of $133 million. In comparison, last year the company earned revenue of $978 million and had a net profit of $124 million.

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. Last month, John Henry Rogers, an Insider at TMK sold 1,500 shares for a total of $117,795.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Torchmark Corp. is a holding company, which engages in the provision of individual life and supplemental health insurance products and services. It operates through the following segments: Life Insurance, Health Insurance, and Annuities. The Life Insurance segment involves in marketing, underwriting, and benefit administration of policies. The Health Insurance segment offers supplemental limited-benefit health insurance products that include primarily cancer and accident plans, Medicare Supplements plans and Medicare Part D prescription drug insurance as well as long-term care and surgical coverage. The Annuities segment includes single-premium and flexible-premium deferred annuities and also markets limited fixed annuities. The company was founded in November 19, 1979 and is headquartered in McKinney, TX.