As Torchmark Corp (TMK) Share Price Declined, Holder Regions Financial Corp Trimmed by $3.00 Million Its Position

April 17, 2018 - By Peter Erickson

Investors sentiment increased to 1 in Q4 2017. Its up 0.18, from 0.82 in 2017Q3. It improved, as 27 investors sold TMK shares while 143 reduced holdings. 59 funds opened positions while 111 raised stakes. 79.58 million shares or 0.47% more from 79.21 million shares in 2017Q3 were reported. Fisher Asset Mngmt Llc accumulated 186,225 shares. Caisse De Depot Et Placement Du Quebec reported 2.02M shares. Numeric Ltd Co has 2,350 shares for 0% of their portfolio. Mount Lucas Management Lp has 28,377 shares for 0.44% of their portfolio. Pennsylvania-based Vanguard Grp Inc Incorporated has invested 0.05% in Torchmark Corporation (NYSE:TMK). Washington Trust Fincl Bank accumulated 3,408 shares. Germany-based Deutsche Bancorp Ag has invested 0.03% in Torchmark Corporation (NYSE:TMK). 4,019 were reported by Btr Cap. Guardian Life Insurance Company Of America has 350 shares for 0.01% of their portfolio. 8,243 are held by Raymond James Fincl Svcs. Citigroup Inc has 0.01% invested in Torchmark Corporation (NYSE:TMK). Aqr Capital Ltd Liability invested 0.08% of its portfolio in Torchmark Corporation (NYSE:TMK). Tiaa Cref Inv Ltd Com accumulated 223,660 shares. Moreover, Pzena Inv Mgmt Llc has 0.15% invested in Torchmark Corporation (NYSE:TMK). Bluemountain Cap Management Limited Co has 0.17% invested in Torchmark Corporation (NYSE:TMK) for 91,352 shares.

Since October 26, 2017, it had 0 buys, and 20 selling transactions for $35.59 million activity. 52,500 shares valued at $4.41 million were sold by PRESSLEY W MICHAEL on Thursday, October 26. LEAVELL BILL had sold 18,750 shares worth $1.58 million on Friday, October 27. Shares for $420,406 were sold by COLEMAN GARY L. LUTEK BEN also sold $4.41 million worth of Torchmark Corporation (NYSE:TMK) shares. $1.92 million worth of Torchmark Corporation (NYSE:TMK) was sold by MAJORS MICHAEL CLAY. ZUCCONI PAUL J had sold 595 shares worth $50,616 on Thursday, October 26.

Regions Financial Corp decreased its stake in Torchmark Corp (TMK) by 1.75% based on its latest 2017Q4 regulatory filing with the SEC. Regions Financial Corp sold 33,368 shares as the company’s stock declined 8.29% with the market. The institutional investor held 1.87 million shares of the life insurance company at the end of 2017Q4, valued at $169.45 million, down from 1.90M at the end of the previous reported quarter. Regions Financial Corp who had been investing in Torchmark Corp for a number of months, seems to be less bullish one the $9.77B market cap company. The stock increased 0.87% or $0.74 during the last trading session, reaching $85.83. About 213,093 shares traded. Torchmark Corporation (NYSE:TMK) has risen 8.95% since April 17, 2017 and is uptrending. It has underperformed by 2.60% the S&P500.

Regions Financial Corp, which manages about $9.24B US Long portfolio, upped its stake in Continental Resources Inc/Ok (NYSE:CLR) by 73,452 shares to 91,305 shares, valued at $4.84M in 2017Q4, according to the filing. It also increased its holding in Cimarex Energy Co (NYSE:XEC) by 32,618 shares in the quarter, for a total of 45,217 shares, and has risen its stake in Blackrock Fund Advisors (IWD).

Analysts await Torchmark Corporation (NYSE:TMK) to report earnings on April, 18. They expect $1.46 earnings per share, up 26.96 % or $0.31 from last year’s $1.15 per share. TMK’s profit will be $166.23M for 14.70 P/E if the $1.46 EPS becomes a reality. After $1.24 actual earnings per share reported by Torchmark Corporation for the previous quarter, Wall Street now forecasts 17.74 % EPS growth.

Torchmark Corporation (NYSE:TMK) Ratings Coverage

Among 7 analysts covering Torchmark (NYSE:TMK), 1 have Buy rating, 3 Sell and 3 Hold. Therefore 14% are positive. Torchmark had 10 analyst reports since October 18, 2017 according to SRatingsIntel. Morgan Stanley maintained the stock with “Underweight” rating in Thursday, April 5 report. SunTrust maintained Torchmark Corporation (NYSE:TMK) on Thursday, October 26 with “Hold” rating. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. Keefe Bruyette & Woods maintained it with “Hold” rating and $83.0 target in Friday, November 10 report. The company was maintained on Monday, November 13 by Morgan Stanley. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, April 11.

Torchmark Corporation (NYSE:TMK) Institutional Positions Chart

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