The EVP, General Counsel and CRO of Torchmark is Exercising Options

By Carrie Williams

Today it was reported that the EVP, General Counsel and CRO of Torchmark (NYSE: TMK), Robert Brian Mitchell, exercised options to sell 45,000 TMK shares at $52.35 a share, for a total transaction value of $3.95M.

Following Robert Brian Mitchell’s last TMK Sell transaction on October 27, 2017, the stock climbed by 3.3%. In addition to Robert Brian Mitchell, 2 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 June 30, the company posted quarterly revenue of $1.08 billion and quarterly net profit of $184 million. In comparison, last year the company earned revenue of $1.03 billion and had a net profit of $140 million. TMK’s market cap is $9.91B and the company has a P/E ratio of 6.71. Currently, Torchmark has an average volume of 213.8K.

11 different firms, including B.Riley FBR and Barclays, currently also have a Sell rating on the stock.

The insider sentiment on Torchmark has been negative according to 78 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.