Can Torchmark Corporation (NYSE:TMK)’s Tomorrow Be Different? The Stock Had Decline in Shorts

October 13, 2018 - By Ash

Investors sentiment decreased to 0.9 in Q2 2018. 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.
State Of Tennessee Treasury Department holds 0.01% or 25,477 shares in its portfolio. Sei Investments reported 0.01% of its portfolio in Torchmark Corporation (NYSE:TMK). Td Asset stated it has 800,613 shares. Tower Ltd Liability (Trc) has 4,587 shares for 0.02% of their portfolio. Bryn Mawr Trust invested 0.16% of its portfolio in Torchmark Corporation (NYSE:TMK). Mitchell Mcleod Pugh And Williams stated it has 11,657 shares or 0.67% of all its holdings. Bessemer Group Inc reported 0% in Torchmark Corporation (NYSE:TMK). Aull And Monroe Management invested in 2,627 shares. Vident Inv Advisory Ltd Company reported 0.13% stake. Moreover, Montgomery Investment has 0.44% invested in Torchmark Corporation (NYSE:TMK) for 13,000 shares. Salem Counselors invested 0.05% of its portfolio in Torchmark Corporation (NYSE:TMK). Vigilant Cap Mngmt Limited Com has invested 0.01% in Torchmark Corporation (NYSE:TMK). Pensionfund Dsm Netherlands invested 0.46% of its portfolio in Torchmark Corporation (NYSE:TMK). British Columbia, a British Columbia – Canada-based fund reported 32,586 shares. Hillsdale Invest Mgmt owns 40 shares.

Since April 20, 2018, it had 0 buys, and 20 sales for $43.72 million activity. COLEMAN GARY L sold $2.14M worth of stock. 1,497 shares were sold by INGRAM ROBERT W, worth $132,361. 24,500 shares valued at $2.17M were sold by HUTCHISON LARRY M on Monday, August 27. LEAVELL BILL sold $16.52M worth of Torchmark Corporation (NYSE:TMK) on Wednesday, August 29. 52,500 shares valued at $4.63 million were sold by HERBEL VERN D on Tuesday, August 28. MCCOY CAROL A sold $1.60M worth of Torchmark Corporation (NYSE:TMK) on Thursday, September 6.

The stock of Torchmark Corporation (NYSE:TMK) registered a decrease of 1.92% in short interest. TMK’s total short interest was 2.22M shares in October as published by FINRA. Its down 1.92% from 2.26M shares, reported previously. With 380,200 shares average volume, it will take short sellers 6 days to cover their TMK’s short positions. The short interest to Torchmark Corporation’s float is 2.13%.

The stock increased 0.48% or $0.4 during the last trading session, reaching $83.98. About 808,988 shares traded or 68.92% up from the average. Torchmark Corporation (NYSE:TMK) has risen 8.37% since October 13, 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 $9.43 billion. It operates through Life Insurance, Health Insurance, and Annuities divisions. It has a 6.4 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.

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 April 19, 2018 according to SRatingsIntel. The company was maintained on Thursday, July 26 by Morgan Stanley. SunTrust maintained the stock with “Hold” rating in Thursday, April 19 report. The firm has “Sell” rating by Goldman Sachs given on Monday, September 10.

More news for Torchmark Corporation (NYSE:TMK) were recently published by: Prnewswire.com, which released: “Liberty National Will Sponsor Monster Energy NASCAR Cup Series Driver – Daniel Hemric In 2019” on October 12, 2018. Seekingalpha.com‘s article titled: “Torchmark prices senior notes offering” and published on September 26, 2018 is yet another important article.

Torchmark Corporation (NYSE:TMK) Institutional Positions Chart

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