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

By Carrie Williams

Today, an Insider at Torchmark (TMKResearch Report), Paul Zucconi, sold shares of TMK for $1.58M.

In addition to Paul Zucconi, 16 other TMK executives reported Sell trades in the last month.

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Based on Torchmark’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.12 billion and quarterly net profit of $185 million. In comparison, last year the company earned revenue of $1.07 billion and had a net profit of $174 million. TMK’s market cap is $9.6B and the company has a P/E ratio of 13.99. Currently, Torchmark has an average volume of 351.6K.

In the last 30 days, insiders have sold $21.62M worth of TMK shares and purchased $306.3K worth of TMK shares. The insider sentiment on Torchmark has been negative according to 92 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.