Vern Herbel Insider Sell Transaction
Torchmark Corporation (NYSE:TMK)
60.53 +0.31 0.51%
‘s EVP and Chief Admin. Officer, Vern Herbel, unloaded 67,500 shares of stock in the insurance carriers and related activities’s company. The approx. average share price was $60.4, for total trade amount of $4,079,997 U.S Dollars. The regulatory filing shows that Vern Herbel now owns roughly 0.14 % of the Texas-based company’s market capitalization (total value of the shares outstanding)
Torchmark Corp Stock Rating, Sentiment and Fundamentals
Seventeen top analysts specializing in stock such as Torchmark Corp’s one, see a growth rate year on year of 7.65%. If the EPS is $4.23 for 2015, the PE ratio of the corporation would be 14.31. It is difficult to make conclusions about Torchmark Corp’s future just from Vern Herbel’s sale because in this filing, the insider also revealed option transactions. In the form, it was reported that Vern exercised options for 67,500 shares with average price 20.6, worth 1.39 million.
Rating & Sentiment
PsychSignal Social:
SELL
Analysts Rating:
SELL
Hedge Funds Sentiment:
NEUTRAL
Stock Fundamentals
Earnings + FCF Trend:
NEUTRAL
Sector/Industry Macro:
BULLISH
Valuation Models:
-
Technical Analysis
ST Trend:
UP
MT Trend:
UP
LT Trend:
UP
OctaFinance Rating*:
NEUTRAL
* Read How Our Stock Ratings System Works
According to our research and momentum model, we rate the firm as Neutral. Refer to the chart below. Just in the last 75 days, Torchmark Corp’s share price have increased by 2.42 % and is in an uptrend.
Price Chart of Torchmark Corporation NYSE:TMK Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
As Michael Platt, a stock market legend, noted, that the best returns are made through a mix of technical & fundamental analysis.” This is definitely not the case with this company. Published 20-11-2015, you can learn more about the deal by looking at the following source 4F filing here.
Hedge Funds Ownership
SEC 13F filings showed that, 334 investment managers have shares of Torchmark Corp. In the last quarter, the company in focus had 76.27 % institutional ownership. That is a very high interest. They increased by 248,815 the total shares they hold. As of that quarter these banks and hedge funds owned 94.06 million shares. A total of 17 funds closed their positions in Torchmark Corp and 144 reduced their holdings. There were 30 funds that created new positions and 95 funds that added to their positions.
This stock is Top 10 in five of them. These are: Torchmark Corp, Regions Financial Corp, Barbara Oil Co., Lakeshore Capital Llc, Perkins Investment Management Llc.
Torchmark Corp had the greatest investment with ownership of 428,250 shares as of Q2 2015 for 0.02% of the fund’s portfolio. Regions Financial Corp is another bullish player possessing 2.18 million shares of the company or 1.69% of their stocks portfolio. The Illinois-based fund Barbara Oil Co. have 3.27% of their stock portfolio invested in the stock for 67,500 shares. Further, The Alabama-based fund Lakeshore Capital Llc revealed it had purchased a stake worth 5.41% of the fund’s stock portfolio in the company. The Illinois-based fund Perkins Investment Management Llc was also a notable follower of the public company, with ownership of 2.09 million shares. Torchmark Corp is 1.39% of the fund’s stock portfolio.
Torchmark Corporation NYSE:TMK Company Profile
Torchmark Corporation is an insurance holding company. The Company’s segments include life insurance, health insurance, Medicare Part D, annuities and investment. The life insurance segment offers whole-life insurance, term life insurance and other life insurance products. The health insurance segment offers supplemental limited-benefit health insurance products primarily for cancer and accident plans. It also provides coverage under the Government’s Medicare Part D plan. The Company offers single-premium and flexible-premium deferred annuity products. The Company also invests in bonds, preferred stock, common stocks, mortgage loans, real estate, policy loans and others. Its primary subsidiaries are American Income Life Insurance Company, Liberty National Life Insurance Company, Globe Life And Accident Insurance Company, United American Insurance Company and Family Heritage Life Insurance Company of America.
Company Website: Torchmark Corporation
Torchmark Corp has 2980 employees. Now its market value is: $7.47 billion and it has 124.05 million outstanding shares. Currently it has 77.21% shareholders and the institutional ownership stands at 77.21%. Torchmark Corp was formed in Delaware on 1979-11-29. The stock closed at $60.529999 yesterday and it had average 2 days volume of 155561 shares. It is down from the 30 days average shares volume of 258145. Torchmark Corp has a 250 days low of $49.83 and a 52 weeks high of $63.25. The stock price is above the 200 days SMA. Torchmark Corp last issued its quarterly earnings data on 10/26/2015. The company reported 1.08 EPS for the quarter, above the consensus estimate of 1.06 by 0.02. The company had a revenue of 998.76 million for 9/30/2015 and 1.03 billion for 6/30/2015. Therefore, the revenue was -34,935,000 down.
* sales at prices ranging from $60.30 per share to $60.66 per share.
* Reporting person will provide full information regarding the number of shares sold at each separate price upon request by the SEC staff – the issuer or any security holder of the issuer.
* Shares in unitized fund in employee benefit plan – estimated conversion of $ balance to shares using $60.53 per share.
* Previously reported as option for 67 – 500 shares at an exercise price of $44.3867 per share – but has been adjusted to reflect 3-for-2 stock splits paid in the form of 50% stock dividends occuring on July 1 – 2011 and July 1 – 2014.
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