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TMK $88.1

TMK target price
88.10
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0
Torchmark Corporation
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
  • Increase US$ 3,771.938 million (2013)
  • Increase US$ 3,589.516 million (2012)
Operating income
  • Increase US$ 788.804 million (2013)
  • Increase US$ 753.592 million (2012)
Net income
  • Decrease US$ 528.472 million (2013)
  • Increase US$ 529.324 million (2012)
Total assets
  • Decrease US$ 18,191.744 million (2013)
  • Increase US$ 18,776.91 million (2012)
Total equity
  • Decrease US$ 3,776.342 million (2013)
  • Increase US$ 4,361.786 million (2012)
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.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2019 2019-07-24 1.67 1.67
Q1 2019 2019-04-17 1.64 1.65
Q4 2018 2019-02-05 1.56 1.45
Q3 2018 2018-10-24 1.59 1.55

Ratings

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

Major Shareholders

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 /