Insider Trading Alert - Torchmark Corporation And 4 Others Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, Oct. 3, 2013, 116 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $30.21 to $14,999,997.60.

Highlighted Stocks Traded by Insiders:

Torchmark Corporation (TMK) - FREE Research Report

Stone Spencer H who is Controller at Torchmark Corporation sold 800 shares at $71.63 on Oct. 3, 2013. Following this transaction, the Controller owned 25,499 shares meaning that the stake was reduced by 3.04% with the 800 share transaction.

The shares most recently traded at $71.71, up $0.08, or 0.11% since the insider transaction. Historical insider transactions for Torchmark Corporation go as follows:

  • 4-Week # shares sold: 27
  • 12-Week # shares sold: 1,930
  • 24-Week # shares sold: 2,730

The average volume for Torchmark Corporation has been 374,700 shares per day over the past 30 days. Torchmark Corporation has a market cap of $6.6 billion and is part of the financial sector and insurance industry. Shares are up 39.6% year to date as of the close of trading on Thursday.

Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. The company operates in three segments: Life Insurance, Health Insurance, and Annuities. The stock currently has a dividend yield of 0.94%. The company has a P/E ratio of 12.8.

Exclusive Offer: Get the latest Stock Analysis on TMK - FREE

TheStreet Quant Ratings rates Torchmark Corporation 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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Torchmark Corporation Ratings Report from TheStreet Quant Ratings now.

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