The VP & CAO of Torchmark is Exercising Options

By Carrie Williams

Today it was reported that the VP & CAO of Torchmark (TMKResearch Report), Michael Shane Henrie, exercised options to sell 4,000 TMK shares at $50.64 a share, for a total transaction value of $349.1K.

Following Michael Shane Henrie’s last TMK Sell transaction on March 18, 2019, the stock climbed by 3.9%. In addition to Michael Shane Henrie, 5 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 $9.71B and the company has a P/E ratio of 14.06. Currently, Torchmark has an average volume of 465.7K.

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.