An Insider at Torchmark (TMK) is Selling Shares


Today, an Insider at Torchmark (NYSE: TMK), Steven John Dichiaro, sold shares of TMK for $1.3M.

In addition to Steven John Dichiaro, 4 other TMK executives reported Sell trades in the last month. Following Steven John Dichiaro’s last TMK Sell transaction on October 27, 2017, the stock climbed by 1.9%.

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Based on Torchmark’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.07 billion and quarterly net profit of $174 million. In comparison, last year the company earned revenue of $1.02 billion and had a net profit of $134 million. TMK’s market cap is $9.85B and the company has a P/E ratio of 6.83. Currently, Torchmark has an average volume of 347.6K.

11 different firms, including B.Riley FBR and Barclays, currently also have a Sell rating on the stock. Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $88.00, reflecting a -1.1% downside.

In the last 30 days, insiders have sold $5.75M worth of TMK shares and purchased $759.6K worth of TMK shares. The insider sentiment on Torchmark has been negative according to 81 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

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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.

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