Torchmark Reaches New 52-Week High (TMK)

NEW YORK ( TheStreet) -- Torchmark Corporation (NYSE: TMK) hit a new 52-week high Tuesday as it is currently trading at $49.42, above its previous 52-week high of $49.39 with 849,074 shares traded as of 3:55 p.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 financial sector and insurance industry. Shares are up 11.9% year to date as of the close of trading on Monday.

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 10.3, above the average insurance industry P/E ratio of 9.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Torchmark as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and growth in earnings per share. 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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