Today it was reported that the Former EVP & C Admin..Officer of Torchmark (NYSE: TMK), Vern Herbel, exercised options to sell 52,500 TMK shares at $50.69 a share, for a total transaction value of $4.63M.
In addition to Vern Herbel, 7 other TMK executives reported Sell trades in the last month. Following Vern Herbel’s last TMK Sell transaction on November 14, 2017, the stock climbed by 3.4%.
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Based on Torchmark’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.08 billion and quarterly net profit of $184 million. In comparison, last year the company earned revenue of $1.03 billion and had a net profit of $140 million. TMK’s market cap is $9.95B and the company has a P/E ratio of 6.73. Currently, Torchmark has an average volume of 9,102.
The insider sentiment on Torchmark has been negative according to 83 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Vern Herbel’s trades have generated a -19.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. 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.
