KBW Sticks to Its Hold Rating for Torchmark

By Ryan Adsit

KBW analyst Melissa Roberts reiterated a Hold rating on Torchmark (NYSE: TMK) yesterday and set a price target of $75. The company’s shares closed yesterday at $75.23.

According to TipRanks.com, Roberts is a 2-star analyst with an average return of 1.3% and a 51.5% success rate. Roberts covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Fidelity National Financial Ventures, and First Financial Corporation Indiana.

Torchmark has an analyst consensus of Moderate Sell, with a price target consensus of $75.

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 $134 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 90 insiders, corporate insider sentiment is negative on the stock.

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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. 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.