An Insider at Torchmark (NYSE: TMK) is Buying Shares

By Carrie Williams

Today, an Insider at Torchmark (NYSE: TMK), Steven John Dichiaro, bought shares of TMK for $759.6K.

This recent transaction increases Steven John Dichiaro’s holding in the company by 107.74% to a total of $1.21 million. This is Dichiaro’s first Buy trade following 5 Sell transactions.

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Based on Torchmark’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.07 billion and quarterly net profit of $174 million. In comparison, last year the company earned revenue of $1.02 billion and had a net profit of $134 million. TMK’s market cap is $9.85B and the company has a P/E ratio of 6.83. Currently, Torchmark has an average volume of 347.6K.

Seven different firms, including B.Riley FBR and Merrill Lynch, currently also have a Buy rating on the stock. Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $88.00, reflecting a -1.1% downside.

In the last 30 days, insiders have sold $5.75M worth of TMK shares and purchased $759.6K worth of TMK shares. The insider sentiment on Torchmark has been negative according to 83 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, Supplemental Health Insurance, Annuities, and Investments.