A Director at Torchmark (NYSE: TMK) is Selling Shares

By Carrie Williams

Today, a Director at Torchmark (NYSE: TMK), Paul Zucconi, sold shares of TMK for $50.61K.

Following Paul Zucconi’s last TMK Sell transaction on June 16, 2016, the stock climbed by 25.9%.

Based on Torchmark’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.05 billion and quarterly net profit of $153 million. In comparison, last year the company earned revenue of $990 million and had a net profit of $152 million. The company has a one-year high of $86.50 and a one-year low of $62.86. TMK’s market cap is $9.89B and the company has a P/E ratio of 18.13.

10 different firms, including Barclays and Merrill Lynch, currently also have a Sell rating on the stock. Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $76.67, reflecting a 11.0% upside.

The insider sentiment on Torchmark has been negative according to 81 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.