.png "Torchmark (NYSE: TMK)")
Today, the EVP & CFO of Torchmark, Frank Svoboda , exercised options of Torchmark (NYSE: TMK) for $1.06M.
In addition to Frank Svoboda, 3 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 $1.07 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 $9.75B and the company has a P/E ratio of 6.76. Currently, Torchmark has an average volume of 755.2K.
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 -2.7% downside.
The insider sentiment on Torchmark has been negative according to 80 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.
