Rowland & Company Investment Counsel Decreased Torchmark Corp (NYSE:TMK) Stake By $33.82 Million

April 17, 2018 - By wolcottdaily

Investors sentiment increased to 1 in Q4 2017. Its up 0.18, from 0.82 in 2017Q3. It is positive, 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. 1,477 are held by Rampart Investment Co Ltd Liability Corporation. Nordea Invest Mngmt holds 0.01% of its portfolio in Torchmark Corporation (NYSE:TMK) for 30,428 shares. 149,061 are owned by Canada Pension Plan Inv Board. Hightower Advisors Limited Liability invested 0.04% of its portfolio in Torchmark Corporation (NYSE:TMK). State Board Of Administration Of Florida Retirement owns 195,227 shares or 0.05% of their US portfolio. King Luther Cap Mngmt Corporation holds 5,373 shares. 108,196 were reported by Employees Retirement System Of Ohio. Tiverton Asset Ltd Liability Co holds 0.01% or 882 shares. Putnam Invests Lc has invested 0.01% in Torchmark Corporation (NYSE:TMK). Public Sector Pension Board reported 5,426 shares or 0% of all its holdings. The New York-based Alliancebernstein L P has invested 0.01% in Torchmark Corporation (NYSE:TMK). Virtus Advisers owns 14,455 shares. Whittier Com Of Nevada has 105 shares for 0% of their portfolio. World Asset Management has 0.03% invested in Torchmark Corporation (NYSE:TMK). Gsa Capital Ptnrs Limited Liability Partnership invested 0.09% in Torchmark Corporation (NYSE:TMK).

Since October 26, 2017, it had 0 insider purchases, and 20 insider sales for $35.59 million activity. On Thursday, October 26 the insider DICHIARO STEVEN JOHN sold $930,324. The insider LEAVELL BILL sold $1.58M. $159,525 worth of Torchmark Corporation (NYSE:TMK) was sold by Rogers John Henry JR on Friday, October 27. 12,750 Torchmark Corporation (NYSE:TMK) shares with value of $1.16M were sold by Darden James Matthew. COLEMAN GARY L had sold 5,000 shares worth $420,406 on Tuesday, March 27. 595 shares were sold by ZUCCONI PAUL J, worth $50,616.

Rowland & Company Investment Counsel decreased its stake in Torchmark Corp (NYSE:TMK) by 2.16% based on its latest 2018Q1 regulatory filing with the SEC. Rowland & Company Investment Counsel sold 400 shares as the company’s stock declined 8.29% with the market. The institutional investor held 18,098 shares of the life insurance company at the end of 2018Q1, valued at $1.53 billion, down from 18,498 at the end of the previous reported quarter. Rowland & Company Investment Counsel who had been investing in Torchmark Corp for a number of months, seems to be less bullish one the $9.68 billion market cap company. The stock decreased 0.06% or $0.05 during the last trading session, reaching $85.04. About 354,286 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.

Rowland & Company Investment Counsel, which manages about $228.64M and $252.25B US Long portfolio, upped its stake in Paychex Inc (NASDAQ:PAYX) by 186 shares to 29,724 shares, valued at $1.84 billion in 2018Q1, according to the filing. It also increased its holding in Merck & Co Inc (NYSE:MRK) by 2,790 shares in the quarter, for a total of 48,635 shares, and has risen its stake in Coca Cola Company (NYSE:KO).

Rowland & Company Investment Counsel is a Georgia-based institutional investor with more than $228.64 million AUM in March, 2014. Taken from Rowland & Company Investment latest Adv, the fund reported to have 4 full and part-time employees. Among which 3 performing investment advisory and research functions. The institutional investor had more than 100 clients.

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 has $9700 highest and $78 lowest target. $86.43’s average target is 1.63% above currents $85.04 stock price. Torchmark had 10 analyst reports since October 18, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained Torchmark Corporation (NYSE:TMK) on Friday, November 10 with “Hold” rating. The company was maintained on Thursday, April 5 by Morgan Stanley. The stock of Torchmark Corporation (NYSE:TMK) has “Hold” rating given on Thursday, October 26 by SunTrust. The company was maintained on Monday, November 13 by Morgan Stanley. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Wednesday, April 11 report. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods.

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 $9.68 billion. It operates through Life Insurance, Health Insurance, and Annuities divisions. It has a 6.95 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) Institutional Positions Chart

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