Stock in News Spotlight: Torchmark Corporation (NYSE:TMK)

Shares of Torchmark Corporation (NYSE:TMK) were transacted with a volume of 624781 shares in last trading period as compared to its average volume of 466.27K shares over last three months period. The stock price scored 0.50% and valued at $87.22. The stock opened the session at $87.45 and touched its highest price point at $87.91.

Torchmark Corporation a USA based Company, belongs to Financial sector and Life Insurance industry. Shares of the company returned 0.76% during the last five trading days and it returned -1.14% in past 30 trading days. It changed 5.99% over recent three months. The stock has changed 8.47% in one year period and YTD Performance clocked at -3.85%.

Torchmark Corporation (NYSE:TMK) announced that it will redeem all of its outstanding 9.250% Senior Notes due 2019 on October 29, 2018.  The redemption price will be calculated in accordance with the optional redemption terms of the senior notes.

This news release is for information purposes only and is neither an offer to buy nor a solicitation to sell any of the 2019 senior notes.

The price moved ahead 0.47% from the mean of 20 days, 0.01% from 50 and separated 0.90% from 200 days average price. Its price volatility for a month is at 1.50% and for a week, volatility remained at 1.40%. It beta stands at 0.9. Company’s price to sales ratio for last 12 months was 2.29 while its price to book ratio for the most recent quarter was 1.77. Its Market Cap valued at $9766.9M.

Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. It operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. The Life Insurance segment offers traditional and interest-sensitive whole life and term life insurance, and other life insurance. The Supplemental Health Insurance segment provides health insurance products comprising Medicare Supplements, critical illness, accident, and limited-benefit supplemental hospital and surgical coverages. The Annuities segment provides single-premium and flexible-premium deferred annuities. The company sells its products through sales by direct response, exclusive agents, and independent agents, as well as through direct mail, electronic media, and insert media. Torchmark Corporation was founded in 1900 and is headquartered in McKinney, Texas.

About the Author

Kyle Webster
Kyle Webster
Kyle Webster is a self taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Kyle is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Research News category for our site. He can be reached via Email Contact -  kyle@mostvolatilestocks.com.

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