As Torchmark (TMK) Stock Price Declined, Manufacturers Life Insurance Company The Has Trimmed Stake; Zoetis (ZTS) Stock Rose While Johnson Investment Counsel Decreased Position

February 11, 2018 - By Nellie Frank

Manufacturers Life Insurance Company The decreased its stake in Torchmark Corp (TMK) by 5.68% based on its latest 2017Q3 regulatory filing with the SEC. Manufacturers Life Insurance Company The sold 7,319 shares as the company’s stock declined 3.57% while stock markets rallied. The institutional investor held 121,646 shares of the life insurance company at the end of 2017Q3, valued at $9.74 million, down from 128,965 at the end of the previous reported quarter. Manufacturers Life Insurance Company The who had been investing in Torchmark Corp for a number of months, seems to be less bullish one the $9.54 billion market cap company. The stock increased 2.63% or $2.12 during the last trading session, reaching $82.64. About 1.23 million shares traded or 105.08% up from the average. Torchmark Corporation (NYSE:TMK) has risen 25.88% since February 11, 2017 and is uptrending. It has outperformed by 9.18% the S&P500.

Johnson Investment Counsel Inc decreased its stake in Zoetis Inc. (ZTS) by 6.47% based on its latest 2017Q3 regulatory filing with the SEC. Johnson Investment Counsel Inc sold 50,317 shares as the company’s stock rose 14.85% with the market. The institutional investor held 727,210 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $46.37M, down from 777,527 at the end of the previous reported quarter. Johnson Investment Counsel Inc who had been investing in Zoetis Inc. for a number of months, seems to be less bullish one the $35.26 billion market cap company. The stock increased 1.17% or $0.84 during the last trading session, reaching $72.35. About 3.30 million shares traded or 38.22% up from the average. Zoetis Inc. (NYSE:ZTS) has risen 29.89% since February 11, 2017 and is uptrending. It has outperformed by 13.19% the S&P500.

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.06, from 1.04 in 2017Q2. It improved, as 41 investors sold ZTS shares while 233 reduced holdings. 62 funds opened positions while 240 raised stakes. 440.74 million shares or 0.80% less from 444.27 million shares in 2017Q2 were reported. Raymond James Na, a Florida-based fund reported 12,156 shares. Bb&T Securities Lc reported 36,339 shares or 0.03% of all its holdings. Next Fincl Group Inc owns 4,172 shares or 0.08% of their US portfolio. Segall Bryant Hamill Ltd Co accumulated 1.14% or 770,747 shares. Princeton Port Strategies Gp Limited Liability Company stated it has 71,538 shares. Daiwa Sb Invests Ltd reported 9,456 shares stake. 1.03 million were accumulated by State Of New Jersey Common Pension Fund D. Pacad Inv has 0.37% invested in Zoetis Inc. (NYSE:ZTS). The Tennessee-based Green Square Ltd Liability has invested 0.1% in Zoetis Inc. (NYSE:ZTS). First Mercantile Tru reported 7,665 shares. Massachusetts Ma invested in 9.50 million shares or 0.26% of the stock. S&Co holds 11,747 shares. Finemark Savings Bank And holds 0.01% or 3,190 shares. Fort Washington Investment Oh has invested 0.01% of its portfolio in Zoetis Inc. (NYSE:ZTS). Moreover, Brown Brothers Harriman And has 4.13% invested in Zoetis Inc. (NYSE:ZTS) for 12.14 million shares.

Johnson Investment Counsel Inc, which manages about $8.19B and $3.78B US Long portfolio, upped its stake in Tjx Companies (NYSE:TJX) by 70,133 shares to 594,529 shares, valued at $43.83M in 2017Q3, according to the filing. It also increased its holding in Wal (NYSE:WMT) by 19,655 shares in the quarter, for a total of 418,354 shares, and has risen its stake in Honeywell International Inc. (NYSE:HON).

Analysts await Zoetis Inc. (NYSE:ZTS) to report earnings on February, 15. They expect $0.66 EPS, up 40.43% or $0.19 from last year’s $0.47 per share. ZTS’s profit will be $321.61M for 27.41 P/E if the $0.66 EPS becomes a reality. After $0.65 actual EPS reported by Zoetis Inc. for the previous quarter, Wall Street now forecasts 1.54% EPS growth.

Among 21 analysts covering Zoetis Inc (NYSE:ZTS), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Zoetis Inc had 69 analyst reports since July 24, 2015 according to SRatingsIntel. Piper Jaffray maintained Zoetis Inc. (NYSE:ZTS) on Friday, August 25 with “Buy” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, November 3. On Friday, November 24 the stock rating was downgraded by UBS to “Neutral”. The stock of Zoetis Inc. (NYSE:ZTS) has “Hold” rating given on Monday, August 7 by BMO Capital Markets. The rating was maintained by Cowen & Co on Friday, October 13 with “Buy”. On Friday, May 6 the stock rating was downgraded by Goldman Sachs to “Sell”. Stifel Nicolaus maintained Zoetis Inc. (NYSE:ZTS) rating on Thursday, July 20. Stifel Nicolaus has “Buy” rating and $6500 target. The company was maintained on Wednesday, October 25 by BMO Capital Markets. The firm has “Market Perform” rating given on Friday, November 3 by BMO Capital Markets. The rating was maintained by Cantor Fitzgerald with “Buy” on Wednesday, September 6.

Investors sentiment decreased to 0.82 in Q3 2017. Its down 0.07, from 0.89 in 2017Q2. It is negative, as 26 investors sold TMK shares while 151 reduced holdings. 34 funds opened positions while 112 raised stakes. 79.21 million shares or 1.66% less from 80.55 million shares in 2017Q2 were reported. Bancshares Of Montreal Can invested 0.01% of its portfolio in Torchmark Corporation (NYSE:TMK). Metropolitan Life Ins stated it has 0.03% of its portfolio in Torchmark Corporation (NYSE:TMK). Kbc Gp Nv owns 10,075 shares or 0.01% of their US portfolio. Utd Svcs Automobile Association stated it has 0.01% of its portfolio in Torchmark Corporation (NYSE:TMK). Moreover, Montgomery Investment Mngmt Incorporated has 0.69% invested in Torchmark Corporation (NYSE:TMK). Wells Fargo & Mn reported 284,905 shares stake. Brown Advisory holds 0% in Torchmark Corporation (NYSE:TMK) or 3,832 shares. Channing Management Ltd Liability Co accumulated 40,751 shares. Aviva Public stated it has 72,753 shares. Commonwealth Equity Services stated it has 0% in Torchmark Corporation (NYSE:TMK). The Ontario – Canada-based Sun Life Fin has invested 0.01% in Torchmark Corporation (NYSE:TMK). Nordea Investment Mngmt Ab holds 30,149 shares. Baystate Wealth Management Limited Liability Corp accumulated 121 shares. Robeco Institutional Asset Mngmt Bv reported 0% in Torchmark Corporation (NYSE:TMK). Spf Beheer Bv reported 906,971 shares.

Since August 9, 2017, it had 0 insider purchases, and 13 selling transactions for $26.30 million activity. Another trade for 595 shares valued at $50,616 was sold by ZUCCONI PAUL J. $2.54 million worth of Torchmark Corporation (NYSE:TMK) shares were sold by SMITH ROGER C. On Friday, October 27 Rogers John Henry JR sold $159,525 worth of Torchmark Corporation (NYSE:TMK) or 1,875 shares. The insider MITCHELL ROBERT BRIAN sold $1.59 million. Darden James Matthew had sold 12,750 shares worth $1.16M. 13,000 Torchmark Corporation (NYSE:TMK) shares with value of $1.03 million were sold by DICHIARO STEVEN JOHN.

Among 11 analysts covering Torchmark Corporation (NYSE:TMK), 0 have Buy rating, 4 Sell and 7 Hold. Therefore 0 are positive. Torchmark Corporation had 32 analyst reports since July 29, 2015 according to SRatingsIntel. On Wednesday, January 13 the stock rating was upgraded by Wells Fargo to “Outperform”. Bank of America downgraded the shares of TMK in report on Wednesday, July 29 to “Underperform” rating. The stock of Torchmark Corporation (NYSE:TMK) earned “Hold” rating by SunTrust on Thursday, October 26. Zacks upgraded the stock to “Sell” rating in Wednesday, August 19 report. Morgan Stanley downgraded Torchmark Corporation (NYSE:TMK) on Thursday, August 13 to “Underweight” rating. Bank of America upgraded the stock to “Neutral” rating in Wednesday, June 29 report. The stock of Torchmark Corporation (NYSE:TMK) earned “Underperform” rating by Bank of America on Friday, November 18. Wells Fargo reinitiated the stock with “Underperform” rating in Friday, September 23 report. The stock has “Hold” rating by Zacks on Wednesday, September 2. The firm earned “Sell” rating on Wednesday, February 24 by Goldman Sachs.

Manufacturers Life Insurance Company The, which manages about $83.84 billion US Long portfolio, upped its stake in Total Sys Svcs Inc (NYSE:TSS) by 25,040 shares to 397,558 shares, valued at $26.04 million in 2017Q3, according to the filing. It also increased its holding in Oneok Inc New (NYSE:OKE) by 1.33 million shares in the quarter, for a total of 3.11M shares, and has risen its stake in Heico Corp New (NYSE:HEI.A).

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