Regions Financial Corp Has Trimmed Torchmark Corp (TMK) Holding by $3.00 Million as Stock Declined

April 17, 2018 - By Eugene Smith

Investors sentiment increased to 1 in Q4 2017. Its up 0.18, from 0.82 in 2017Q3. It increased, 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. Gemmer Asset Mgmt Ltd Liability Co stated it has 0.01% in Torchmark Corporation (NYSE:TMK). Stifel Fin Corporation has 0.03% invested in Torchmark Corporation (NYSE:TMK) for 111,994 shares. 156,870 are owned by Barclays Public Limited Co. Dean Limited Liability Com holds 73,434 shares. Moreover, Srb has 0.03% invested in Torchmark Corporation (NYSE:TMK). Two Sigma Ltd Limited Liability Company invested in 0.01% or 2,405 shares. 434,201 are owned by Victory Mngmt. Parkside State Bank Trust stated it has 0% of its portfolio in Torchmark Corporation (NYSE:TMK). Ameriprise Inc has invested 0% of its portfolio in Torchmark Corporation (NYSE:TMK). Palisade Asset Mgmt Llc invested in 15,000 shares. Artisan Partners Partnership holds 2.01 million shares. Parametric Limited Liability, Washington-based fund reported 419,513 shares. Cornerstone Advisors has 0% invested in Torchmark Corporation (NYSE:TMK). Penobscot Investment Management Inc holds 9,180 shares or 0.23% of its portfolio. Hermes Mngmt Limited stated it has 0.01% in Torchmark Corporation (NYSE:TMK).

Since October 26, 2017, it had 0 insider purchases, and 20 sales for $35.59 million activity. Shares for $1.08M were sold by SVOBODA FRANK M on Monday, March 12. Darden James Matthew sold $1.16 million worth of stock or 12,750 shares. $1.92 million worth of stock was sold by MAJORS MICHAEL CLAY on Monday, February 26. Shares for $4.41M were sold by PRESSLEY W MICHAEL. SMITH ROGER C sold 30,000 shares worth $2.54 million. Another trade for 15,000 shares valued at $1.31 million was made by HENRIE MICHAEL SHANE on Monday, February 26.

Regions Financial Corp decreased its stake in Torchmark Corp (TMK) by 1.75% based on its latest 2017Q4 regulatory filing with the SEC. Regions Financial Corp sold 33,368 shares as the company’s stock declined 8.29% with the market. The institutional investor held 1.87 million shares of the life insurance company at the end of 2017Q4, valued at $169.45 million, down from 1.90M at the end of the previous reported quarter. Regions Financial Corp who had been investing in Torchmark Corp for a number of months, seems to be less bullish one the $9.77B market cap company. The stock increased 0.87% or $0.74 during the last trading session, reaching $85.83. About 213,093 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.

Regions Financial Corp, which manages about $9.24B US Long portfolio, upped its stake in Home Depot Inc/The (NYSE:HD) by 62,636 shares to 343,869 shares, valued at $65.17M in 2017Q4, according to the filing. It also increased its holding in Blackrock Fund Advisors (ACWX) by 119,327 shares in the quarter, for a total of 1.38 million shares, and has risen its stake in Blackrock Fund Advisors (IWD).

Analysts await Torchmark Corporation (NYSE:TMK) to report earnings on April, 18. They expect $1.46 earnings per share, up 26.96 % or $0.31 from last year’s $1.15 per share. TMK’s profit will be $166.23M for 14.70 P/E if the $1.46 EPS becomes a reality. After $1.24 actual earnings per share reported by Torchmark Corporation for the previous quarter, Wall Street now forecasts 17.74 % EPS growth.

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 had 10 analyst reports since October 18, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Hold” rating and $96.0 target in Thursday, December 21 report. The firm earned “Hold” rating on Friday, November 10 by Keefe Bruyette & Woods. The firm has “Hold” rating given on Wednesday, April 11 by Keefe Bruyette & Woods. SunTrust maintained Torchmark Corporation (NYSE:TMK) on Thursday, October 26 with “Hold” rating. The rating was maintained by Morgan Stanley on Monday, November 13 with “Underweight”. Morgan Stanley maintained the stock with “Underweight” rating in Thursday, April 5 report.

Torchmark Corporation (NYSE:TMK) Institutional Positions Chart

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