Type
|
Public |
---|---|
Traded as | NYSE: TMK S&P 500 Component |
Industry | Life insurance |
Founded | 1900 in Birmingham, Alabama, U.S. |
Headquarters | McKinney, Texas |
Key people
|
Gary Coleman and Larry Hutchison (CEO) |
Revenue |
|
Operating income
|
|
Net income
|
|
Total assets |
|
Total equity |
|
Number of employees
|
2,360 |
Website | https://www.torchmarkcorp.com |
Torchmark Corporation, founded in 1900 in Birmingham, Alabama and based in McKinney, Texas, is a financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. Torchmark Corporation markets insurance products using multiple distribution channels, which include direct response, exclusive Agency, and independent systems. The company maintains a large operation in Birmingham, Alabama.
The original core of Torchmark, Liberty National Life Insurance Company, was founded in 1900 as the Heralds of Liberty, a fraternal benefit society. Liberty National was headquartered in Birmingham, Alabama until 2006 when it moved to McKinney, Texas along with the parent company.
In 1980, Liberty National acquired Globe Life And Accident Insurance Company and formed the holding company, Torchmark Corporation.
In 1981, TMK acquired United Investors Life Insurance Company (UIL), United American Insurance Company, and Waddell and Reed Financial.
In 1992, TMK was added to the S&P 500 Index of the largest publicly traded companies in the United States.
In 1994, TMK acquired American Income Life Insurance Company;
In 1998, TMK spun off Waddell and Reed Financial, a mutual fund subsidiary.
In 2006, TMK began moving its headquarters from Birmingham, AL to McKinney, TX.
In 2010, TMK sold United Investors Life Insurance Company (UIL) to Protective Life Corporation.
In 2012, TMK acquired Family Heritage Life Insurance Company of America (FHL).
On February 5, 2014, Torchmark's subsidiary Globe Life purchased the naming rights of Globe Life Park in Arlington, formerly Rangers Ballpark in Arlington, the home of Major League Baseball's Texas Rangers Baseball Club located in Arlington, TX.
In August 2001, a mutual fund company filed a civil racketeering suit against Torchmark Corp., which accused Torchmark Corp. and its former chief executive of scheming to continue control over Waddell & Reed Financial Inc. after Torchmark spun it off in 1998. However, in a series of orders dated February 20, 2003, August 20, 2004, and September 28, 2004, the United States District Court for the Northern District of Kansas later granted summary judgment against plaintiff Waddell & Reed and in favor of Torchmark and the other defendants named in the action.
2016-07-07 | Boost Price Target | Citigroup Inc. | Neutral | $58.00 to $60.00 |
2016-07-06 | Initiated Coverage | Evercore ISI | Hold | $63.00 |
2016-06-29 | Upgrade | Bank of America | Underperform to Neutral | |
2016-06-29 | Upgrade | Bank of America Corp. | Underperform to Neutral | |
2016-04-26 | Downgrade | Morgan Stanley | Sell | |
2016-04-06 | Reiterated Rating | Deutsche Bank | Hold | $55.00 |
2016-04-06 | Reiterated Rating | Deutsche Bank AG | Hold | $55.00 |
2016-03-15 | Reiterated Rating | Deutsche Bank | Hold | $55.00 |
2016-02-24 | Downgrade | Goldman Sachs | Neutral to Sell | $54.00 |
2016-02-24 | Downgrade | Goldman Sachs Group Inc. | Neutral to Sell | $54.00 |
2016-02-19 | Lower Price Target | Citigroup Inc. | $55.00 to $53.00 | |
2016-02-08 | Lower Price Target | FBR & Co. | Market Perform | $55.00 to $51.00 |
2016-02-08 | Lower Price Target | FBR & Co | Market Perform | $55.00 to $51.00 |
2016-02-04 | Reiterated Rating | Piper Jaffray | Hold | $58.00 to $57.00 |
2016-02-04 | Lower Price Target | Citigroup Inc. | Neutral | $59.00 to $55.00 |
2016-02-04 | Reiterated Rating | Piper Jaffray Cos. | Hold | $58.00 to $57.00 |
2016-01-14 | Lower Price Target | Deutsche Bank | Hold | $59.00 to $55.00 |
2016-01-13 | Lower Price Target | Goldman Sachs | Neutral | $61.00 to $60.00 |
2016-01-13 | Upgrade | Wells Fargo | Market Perform to Outperform | |
2016-01-13 | Upgrade | Wells Fargo & Co. | Market Perform to Outperform | |
2015-11-17 | Initiated Coverage | Goldman Sachs | Neutral | $61.00 |
2015-11-01 | Reiterated Rating | Bank of America | Underperform | $61.00 to $60.00 |
2015-10-27 | Lower Price Target | Barclays | Underweight | $53.00 to $51.00 |
2015-10-27 | Lower Price Target | Barclays PLC | Underweight | $53.00 to $51.00 |
2015-08-13 | Downgrade | Morgan Stanley | Equal Weight to Underweight | $59.00 |
2015-08-03 | Upgrade | FBR & Co. | Underperform to Market Perform | $46.00 to $55.00 |
2015-07-29 | Boost Price Target | Deutsche Bank | Hold | $60.00 to $61.00 |
2015-07-28 | Reiterated Rating | Piper Jaffray | Hold | $61.00 to $60.00 |
2015-07-28 | Downgrade | Bank of America | Neutral to Underperform | $62.00 |
2015-07-15 | Reiterated Rating | Deutsche Bank | Hold | $59.00 to $60.00 |
2015-07-07 | Boost Price Target | JPMorgan Chase & Co. | $55.00 to $60.00 | |
2015-06-01 | Initiated Coverage | Piper Jaffray | Neutral | $61.00 |
2015-04-22 | Boost Price Target | Keefe, Bruyette & Woods | Market Perform | $57.00 to $59.00 |
2015-04-21 | Downgrade | Barclays | Overweight to Underweight | $60.00 to $53.00 |
2015-01-29 | Initiated Coverage | Jefferies Group | Hold | $55.00 |
2015-01-27 | Lower Price Target | Keefe, Bruyette & Woods | Market Perform | $59.00 to $57.00 |
2015-01-08 | Boost Price Target | Barclays | Overweight | $57.00 to $60.00 |
2015-01-07 | Downgrade | Deutsche Bank | Buy to Hold | $58.00 |
2014-12-15 | Reiterated Rating | Keefe, Bruyette & Woods | Hold | $55.00 to $59.00 |
2014-10-28 | Lower Price Target | Deutsche Bank | Buy | $63.00 to $59.00 |
2014-10-24 | Reiterated Rating | Keefe, Bruyette & Woods | Market Perform | $57.00 to $55.00 |
2014-10-23 | Reiterated Rating | Credit Suisse | Neutral | $51.00 to $50.00 |
2014-10-23 | Reiterated Rating | Citigroup Inc. | Neutral | $56.00 to $55.00 |
2014-10-23 | Reiterated Rating | Barclays | Overweight | $60.00 to $57.00 |
2014-10-23 | Reiterated Rating | Credit Suisse Group AG | Neutral | $51.00 to $50.00 |
2014-10-13 | Reiterated Rating | Sterne Agee CRT | Neutral | $54.00 to $59.00 |
2014-07-24 | Reiterated Rating | Credit Suisse | Neutral | $51.33 to $51.00 |
2014-07-17 | Reiterated Rating | Sterne Agee CRT | Neutral | $81.00 to $54.00 |
2014-07-14 | Reiterated Rating | Deutsche Bank | Buy | $60.00 to $63.00 |
2014-07-09 | Boost Price Target | Keefe, Bruyette & Woods | $56.00 to $59.00 | |
2014-07-03 | Reiterated Rating | Citigroup Inc. | Neutral | $53.33 to $56.00 |
2014-07-03 | Reiterated Rating | Keefe, Bruyette & Woods | Market Perform | $56.00 |
2014-07-01 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $49.33 to $80.00 |
2014-05-16 | Downgrade | Bank of America | Buy to Neutral | $58.00 |
2014-04-25 | Reiterated Rating | Deutsche Bank | Buy | $59.33 |
2014-04-23 | Reiterated Rating | Citigroup Inc. | Hold | $53.33 |
2014-04-23 | Boost Price Target | RBC Capital | Underperform | $47.33 to $48.00 |
2014-04-23 | Initiated Coverage | Keefe, Bruyette & Woods | Suspended to Market Perform | $55.33 |
2014-03-06 | Boost Price Target | Deutsche Bank | Buy | $55.33 to $58.67 |
2014-01-15 | Downgrade | Raymond James | Market Perform to Underperform | |
2014-01-07 | Boost Price Target | Barclays | Overweight | $54.67 to $60.00 |
2013-11-22 | Downgrade | Scotiabank | Sector Perform to Underperform | $48.00 to $50.00 |
2013-11-15 | Reiterated Rating | Deutsche Bank | Buy | $54.00 to $55.33 |
2013-10-28 | Reiterated Rating | Deutsche Bank | Buy | $53.33 to $54.00 |
2013-10-24 | Boost Price Target | RBC Capital | Underperform | $43.33 to $46.00 |
2013-10-21 | Boost Price Target | Keefe, Bruyette & Woods | Outperform | $52.00 to $58.00 |
2013-10-01 | Downgrade | FBR & Co. | Outperform to Market Perform | $46.00 |
2013-09-23 | Initiated Coverage | Deutsche Bank | Buy | $53.33 |
2012-09-18 | Reiterated | FBR Capital | Outperform | $57 to $63 |
2011-02-10 | Reiterated | FBR Capital | Outperform | $61 to $64 |
2010-05-19 | Upgrade | Barclays Capital | Underweight to Equal Weight | $58 to $58 |
2010-02-11 | Reiterated | Northland Securities | Outperform | $45 to $49 |
2009-11-06 | Upgrade | Citigroup | Sell to Buy | $50 |
2009-07-28 | Reiterated | FBR Capital | Outperform | $48 to $54 |
2009-05-28 | Upgrade | Fox Pitt | In Line to Outperform | |
2009-05-05 | Downgrade | Citigroup | Buy to Hold | |
2009-04-23 | Downgrade | Credit Suisse | Neutral to Underperform |
2016-07-07 | Boost Price Target | Citigroup Inc. | Neutral | $58.00 to $60.00 |
2016-07-06 | Initiated Coverage | Evercore ISI | Hold | $63.00 |
2016-06-29 | Upgrade | Bank of America | Underperform to Neutral | |
2016-06-29 | Upgrade | Bank of America Corp. | Underperform to Neutral | |
2016-04-26 | Downgrade | Morgan Stanley | Sell |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In TMK 54 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Institutional Trust Company, N.A. | 3.43M |
BlackRock Fund Advisors | 2.16M |
Perkins Investment Management, LLC | 1.38M |
Standard Life Investments LTD | 1.37M |
JANUS CAPITAL MANAGEMENT LLC | 1.14M |
EQUITY INVESTMENT CORP/GA | 1.01M |
BlackRock Group LTD | 0.95M |
RS INVESTMENT MANAGEMENT CO LLC | 0.47M |
MANAGED ACCOUNT ADVISORS LLC | 0.42M |
Sentry Select Capital Corp. | 0.31M |
TIAA CREF INVESTMENT MANAGEMENT LLC | 0.28M |
BlackRock Investment Management, LLC | 0.27M |
TEACHERS ADVISORS INC | 0.17M |
BLACKROCK ADVISORS LLC | 0.15M |
BlackRock Japan Co. Ltd | 0.15M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
COLEMAN GARY L Co-CEO | 0.50% (649547) | TMK / |
HUTCHISON LARRY M Co-CEO | 0.41% (541603) | TMK / |
MCCOY CAROL A VP, Assoc. Counsel & Secretary | 0.09% (115293) | TMK / |
SVOBODA FRANK M EVP & CFO | 0.07% (93453) | TMK / |
WILLIAMS GLENN D EVP & Chief Marketing Officer | 0.07% (91476) | TMK / |
HUDSON CHARLES FRANKLIN Pres. & CEO of Principal Sub | 0.07% (89737) | TMK / |
BUCHAN MELISSA JANE | 0.06% (80241) | TMK / |
HERBEL VERN D EVP and Chief Admin. Officer | 0.06% (72245) | TMK / |
SMITH LAMAR C | 0.05% (66120) | TMK / |
PRESSLEY W MICHAEL EVP & Chief Inv. Officer | 0.05% (59948) | TMK / |
ZUCCONI PAUL J | 0.04% (48169) | AFFM / TMK / |
SMITH ROGER C Exec. Officer of Principal Sub | 0.03% (45368) | TMK / |
STONE SPENCER H Controller | 0.03% (42148) | TMK / |
NEWTON LLOYD W | 0.03% (32990) | LLL / SON / TMK / |
MITCHELL ROBERT BRIAN EVP and General Counsel | 0.02% (31073) | TMK / |
INGRAM ROBERT W | 0.02% (29211) | TMK / |
LEAVELL BILL President of Principal Sub. | 0.02% (26823) | TMK / |
ADAIR CHARLES E | 0.02% (20613) | RYAM / TECD / TMK / |
REBELEZ DARREN M | 0.01% (16697) | DIN / TMK / |
BOREN DAVID L | 0.01% (16612) | CLR / TMK / |
Alexander Marilyn A | 0.01% (13821) | DCT / TMK / TPC / |
MAJORS MICHAEL CLAY Director of Investor Relations | 0.01% (12975) | TMK / |
DICHIARO STEVEN JOHN Exec. Officer of Principal Sub | 0.01% (11379) | TMK / |
MATSON KENNETH J Officer of Principal Sub. | 0.01% (10669) | TMK / |