Is there a Bearish outlook for Torchmark Corporation (NYSE:TMK) this week?

November 10, 2018 - By Hugh Holland

Investors sentiment decreased to 0.9 in 2018 Q2. Its down 0.01, from 0.91 in 2018Q1. It turned negative, as 35 investors sold Torchmark Corporation shares while 138 reduced holdings. 35 funds opened positions while 121 raised stakes. 80.52 million shares or 0.31% more from 80.28 million shares in 2018Q1 were reported.
Barbara Oil holds 67,500 shares. Klingenstein Fields Limited Liability owns 144,013 shares or 0.45% of their US portfolio. San Francisco Sentry Invest Grp Inc (Ca) has 106 shares. Schroder Invest Gp holds 650,842 shares. Arizona State Retirement invested 0.07% in Torchmark Corporation (NYSE:TMK). Korea Investment Corporation owns 63,735 shares. Veritable Lp owns 4,493 shares. State Board Of Administration Of Florida Retirement, Florida-based fund reported 180,175 shares. Moreover, Mason Street Ltd Liability Com has 0.03% invested in Torchmark Corporation (NYSE:TMK) for 14,817 shares. Asset Management One has invested 0.03% in Torchmark Corporation (NYSE:TMK). 7,615 are held by Qs Limited Liability Corporation. Leavell Management holds 1.66% or 179,668 shares. Hayek Kallen Invest Mgmt has 0.5% invested in Torchmark Corporation (NYSE:TMK) for 8,975 shares. Thrivent For Lutherans stated it has 4,434 shares or 0% of all its holdings. Mackay Shields Llc invested 0.01% in Torchmark Corporation (NYSE:TMK).

Since May 17, 2018, it had 0 insider purchases, and 17 selling transactions for $40.33 million activity. $1.30 million worth of Torchmark Corporation (NYSE:TMK) was sold by DICHIARO STEVEN JOHN. $35,641 worth of Torchmark Corporation (NYSE:TMK) was sold by ZUCCONI PAUL J. 25,000 Torchmark Corporation (NYSE:TMK) shares with value of $2.14M were sold by COLEMAN GARY L. 25,000 shares were sold by HUTCHISON LARRY M, worth $2.14M on Friday, June 8. Shares for $4.63M were sold by HERBEL VERN D on Tuesday, August 28. INGRAM ROBERT W also sold $26,021 worth of Torchmark Corporation (NYSE:TMK) on Monday, August 27.

Torchmark Corporation (NYSE:TMK) Ratings Coverage

Among 3 analysts covering Torchmark (NYSE:TMK), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. Torchmark had 3 analyst reports since July 26, 2018 according to SRatingsIntel. SunTrust maintained the shares of TMK in report on Monday, October 29 with “Hold” rating. The stock of Torchmark Corporation (NYSE:TMK) has “Underweight” rating given on Thursday, July 26 by Morgan Stanley. Goldman Sachs downgraded Torchmark Corporation (NYSE:TMK) on Monday, September 10 to “Sell” rating. Below is a list of Torchmark Corporation (NYSE:TMK) latest ratings and price target changes.

29/10/2018 Broker: SunTrust Old Rating: Hold New Rating: Hold Old Target: $89 New Target: $84 Maintain
10/09/2018 Broker: Goldman Sachs Old Rating: Neutral New Rating: Sell Old Target: $92 New Target: $78 Downgrade
26/07/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $80 New Target: $81 Maintain

The stock decreased 0.65% or $0.57 during the last trading session, reaching $86.92. About 567,936 shares traded or 5.47% up from the average. Torchmark Corporation (NYSE:TMK) has risen 8.37% since November 10, 2017 and is uptrending. It has underperformed by 7.25% the S&P500.

Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. The company has market cap of $9.76 billion. It operates through Life Insurance, Health Insurance, and Annuities divisions. It has a 6.62 P/E ratio. The Life Insurance segment offers life insurance products, including traditional and interest-sensitive whole life and term life insurance, and other life insurance.

Another recent and important Torchmark Corporation (NYSE:TMK) news was published by Seekingalpha.com which published an article titled: “Torchmark Corporation (TMK) Q3 2018 Results – Earnings Call Transcript” on October 25, 2018.

Torchmark Corporation (NYSE:TMK) Institutional Positions Chart

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