Torchmark Stock Hits New 52-Week High (TMK)

NEW YORK ( TheStreet) -- Torchmark Corporation (NYSE: TMK) hit a new 52-week high Monday as it traded at $66 compared with its previous 52-Week high of $65.99. Torchmark is changing hands at $65.87 with 140,988 shares traded as of 11:21 a.m. ET. Average volume has been 550,500 shares over the past 30 days.

Torchmark has a market cap of $4.9 billion and is part of the financial sector and insurance industry. Shares are up 8.4% year to date as of the close of trading on Friday.

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 10, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 15.8.
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TheStreet Ratings rates Torchmark as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Torchmark Ratings Report.

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