Torchmark Stock Hits New 52-Week High (TMK)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Wednesday as it is currently trading at $46.34, above its previous 52-week high of $46.09 with 156,526 shares traded as of 10:05 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.
Torchmark has a market cap of $4.62 billion and is part of the
sector and
industry. Shares are up 5.3% year to date as of the close of trading on Tuesday.
Torchmark Corporation, through its subsidiaries, provides individual life and supplemental health insurance products, and annuities to middle income households. The company has a P/E ratio of 6.6, below the average insurance industry P/E ratio of 9.5 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Torchmark as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
.
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