Torchmark (TMK) Receives a Sell from Morgan Stanley

By Carrie Williams

In a report released today, Nigel Dally from Morgan Stanley maintained a Sell rating on Torchmark (TMKResearch Report), with a price target of $81. The company’s shares closed yesterday at $85.88.

According to TipRanks.com, Dally is a 4-star analyst with an average return of 13.7% and a 62.9% success rate. Dally covers the Financial sector, focusing on stocks such as Brighthouse Financial Inc, Prudential Financial Inc, and Lincoln National Corp.

Torchmark has an analyst consensus of Moderate Sell, with a price target consensus of $81.

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Torchmark’s market cap is currently $9.63B and has a P/E ratio of 6.44. The company has a Price to Book ratio of 1.74.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Frank Svoboda, the EVP & CFO of TMK sold 12,375 shares for a total of $1,085,288.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.