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Torchmark Corporation (TMK) Releases Earnings Results, Beats Expectations By $0.02 EPS

Torchmark Corporation (TMK) announced a many new quarterly financial formula on Wednesday, Feb-1-2017. TMK pronounced it had a distinction of $1.15 Earnings per Share for a quarter. The formula exceeded Wall Street expectations violence a researcher accord guess by $0.02. Analysts had a accord of $1.13. The association posted income of $975.00 million in a period, compared to analysts expectations of $989.40 million. TMK’s income was adult 4.4% compared to a same entertain final year. During a same entertain in a prior year, a association posted $1.05 EPS.

Based on several investigate reports , Torchmark Corporation was Downgraded by BofA/Merrill to ” Underperform” on Nov 18, 2016.

Several association insiders have filed Insider sell , on Dec 13, 2016, Robert Brian Mitchell (EVP and General Counsel) sole 18,750 shares during $73.48 per share price. According to a SEC, on Nov 23, 2016, Lamar C Smith (director) sole 7,197 shares during $70.13 per share price. On Nov 18, 2016, Vern D Herbel (EVP and Chief Admin. Officer) sole 37,500 shares during $69.89 per share price, according to a Form-4 filing with a holds and sell commission.

Torchmark Corporation sealed down -0.51 points or -0.69% during $73.54 with 5,00,638 shares removing traded on Tuesday. Post opening a event during $74.02, a shares strike an intraday low of $72.97 and an intraday high of $74.41 and a cost fluctuated in this operation via a day.Shares finished Tuesday event in Red.

Torchmark Corporation is an word holding company. The Company’s segments embody life word health word Medicare Part D annuities and investment. The life word shred offers whole-life word tenure life word and other life word products. The health word shred offers supplemental limited-benefit health word products essentially for cancer and collision plans. It also provides coverage underneath a Government’s Medicare Part D plan. The Company offers single-premium and flexible-premium deferred payments products. The Company also invests in holds elite batch common bonds debt loans genuine estate process 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.

Tags: #life insurance

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