Dallas, Texas 01/17/2014 (FINANCIALSTRENDS) – Torchmark Corporation(NYSE:TMK) the holding company for insurance financial services in the US and operates through a network of various affiliates. These are known providers of two major insurance segments-life insurance as well as health insurance on a supplemental value. The company is also known to have an exposure to the annuity insurance segment as well providing value-based services for the middle-income community across the nation. The line of life insurance service that Torchmark Corporation(NYSE:TMK) offers are through its – American Income Life Insurance Company(or American Income), Liberty National Life Insurance Company, commonly called Liberty, Family Heritage Life Insurance Company of America, also popular as Family Heritage.
Torchmark Corporation(NYSE:TMK) sees competition in this sector by Atlantic American, Citizens Inc., Kansas city Life and FBL Financial Group. Considering the crowded insurance sector in the country, Torchmark Corporation has been in the red lately. However of the four named competitors, it has the highest share price, roughly above $77. Only Atlantic American has positive movement on the stock market in lately though its share price trades at roughly $4 per share. All of the other competitors are known to trading below their market potential.
In the previous week of January, the company has seen insider selling, with Lamar Smith disposing over 9000 shares. This was followed by Frank Svoboda who reported sale of 19875 shares on Jan 5, 2014. Analysts have since downgraded Torchmark Corp and revised Price Target. Other analysts see saw a neutral position on the stock as well.
Torchmark Corporation(NYSE:TMK) isretail life insurance and limited annuity service provider is listed on the NYSE and has 238,939 volume and $7.05 billion market cap company. It also trades at 52 week high of $79.42 and 52 week low of $3.02. EPS is 5.70 and PE is 13.70. Dividend rate is 0.68, while the yield is 0.90.