|Bid||77.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||84.11 - 86.55|
|52 Week Range||80.43 - 93.60|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||6.55|
|Earnings Date||Oct 24, 2018|
|Forward Dividend & Yield||0.64 (0.75%)|
|1y Target Est||86.00|
Torchmark (TMK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MCKINNEY, Texas , Oct. 15, 2018 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) will release Third Quarter 2018 earnings after the market closes on Wednesday, October 24, 2018 . At that time a copy ...
MCKINNEY, Texas , Oct. 12, 2018 /PRNewswire/ -- Liberty National Life Insurance Company will sponsor Monster Energy NASCAR Cup Series (MENCS) driver Daniel Hemric of Richard Childress Racing in 2019. Liberty ...
MCKINNEY, Texas , Oct. 3, 2018 /PRNewswire/ -- 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 ...
Torchmark (TMK) continues to gain from premium growth, strong segmental performances and a robust capital position. However, rising administrative costs remain a dampener.
Torchmark's (TMK) $550 million 4.55% senior unsecured notes receive a Long-Term Issue Credit Rating of "a-'' with negative outlook from A.M. Best.
A.M. Best has assigned a Long-Term Issue Credit Rating of “a-” to the $550 million 4.55% senior unsecured notes due Sept. 15, 2028 that were issued by Torchmark Corporation (Torchmark) (headquartered in McKinney, TX ) [NYSE: TMK]. The outlook assigned to the Credit Rating (rating) is negative. Proceeds from the sale of the senior notes will be utilized primarily for general corporate purposes, including the repurchase of existing debt and to provide additional capital to its operating insurance entities.A.M. Best notes that Torchmark’s financial leverage will increase over the near-term to just over 26%, but is expected to decline when the senior notes due 2019 either mature or are redeemed.
Torchmark (TMK) prices 4.550% senior notes worth $550 million, rated by Moody's. This in turn, retains investor confidence in the stock.
MCKINNEY, Texas, Sept. 25, 2018 /PRNewswire/ -- Torchmark Corporation (TMK) announced today that it has priced an offering of $550 million in aggregate principal amount of its 4.550% Senior Notes due 2028 (the "Notes") that will mature on September 15, 2028. The Notes are redeemable, in whole or in part, at Torchmark's option subject to certain conditions. The Notes will pay interest semi-annually and will be Torchmark's general unsecured senior obligations. The Notes will effectively rank junior to Torchmark's secured indebtedness, if any, to the extent of the collateral securing such indebtedness and will be structurally subordinated to all liabilities of the Company's subsidiaries. Torchmark intends to use the net proceeds from the sale of the Notes to (i) along with cash on hand, redeem the $293 million outstanding principal amount on its 9.25% Senior Notes due 2019 (the "2019 Notes"), including the payment of an approximately $11 million "make-whole" premium plus accrued and unpaid interest to, but excluding, the date of redemption, and (ii) fund $150 million of additional capital to its insurance subsidiaries. Torchmark intends to use any remaining net proceeds for general corporate purposes, which may include additional holding company liquidity and the repayment of a portion of its outstanding commercial paper. This press release does not constitute a notice of redemption with respect to, or an offer to repurchase, the 2019 Notes.
Moody's Investors Service (Moody's) has assigned a Baa1 rating to $550 million of 10-year senior unsecured notes being issued by Torchmark Corporation (Torchmark; NYSE: TMK). The notes are being issued ...
According to Moody's, the affirmation of Torchmark's ratings and stable outlook are based on the company's niche market position in insurance protection products, strong and consistent profitability and solid financial flexibility. Moody's commented that Torchmark's business profile benefits from its niche market position in the distribution of life and health products through the direct response channel and association with unions and credit union members, as well as through captive agents. The rating agency added that Torchmark has consistently maintained strong profitability in recent years (return on capital averaging 9% over the last five years), which is supported by its cost-efficient infrastructure and high margins on its insurance products.
On a comparative assessment, we try and find out which stock, Torchmark (TMK) or Reinsurance Group (RGA), is a more profitable bet considering the fundamentals.
Torchmark (TMK) reported earnings 30 days ago. What's next for the company? We take a look at earnings estimates for some clues.
Banking on a favorable operating backdrop, the insurance industry seems well-poised for growth. Improving rate environment and a favorable employment backdrop should keep the momentum alive in the life insurance space.
The Zacks Analyst Blog Highlights: Athene Holding, Torchmark, Genworth Financial, American Equity Investment Life Holding and FGL Holdings
We shortlist five stocks from the top-notch Life Insurance industry to benefit investors on the back of an improving operating environment.
MCKINNEY, Texas , Aug. 9, 2018 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) announced that its Board of Directors has declared a quarterly dividend of $.16 per share on all of the outstanding common ...