Rowland & Company Investment Counsel Decreased Torchmark Corp (NYSE:TMK) Stake By $33.82 Million

April 17, 2018 - By Peter Erickson

Investors sentiment increased to 1 in Q4 2017. Its up 0.18, from 0.82 in 2017Q3. It increased, as 27 investors sold TMK shares while 143 reduced holdings. 59 funds opened positions while 111 raised stakes. 79.58 million shares or 0.47% more from 79.21 million shares in 2017Q3 were reported. Retirement Sys Of Alabama invested 0.02% in Torchmark Corporation (NYSE:TMK). Susquehanna Gru Ltd Liability Partnership owns 4,981 shares. Cwm Ltd holds 0% in Torchmark Corporation (NYSE:TMK) or 450 shares. Nuveen Asset Mgmt Limited Liability Co, a Illinois-based fund reported 12,998 shares. Huntington Bank & Trust invested in 3,262 shares. Proshare Advsrs Llc reported 0.04% stake. Federated Inc Pa has invested 0% in Torchmark Corporation (NYSE:TMK). Hancock, a Mississippi-based fund reported 182,623 shares. Hayek Kallen Invest, a Alabama-based fund reported 8,225 shares. Meiji Yasuda Life Insurance invested 0.06% of its portfolio in Torchmark Corporation (NYSE:TMK). Corporation Va holds 2,250 shares. Estabrook Capital reported 900 shares or 0.01% of all its holdings. Cleararc invested in 0.03% or 2,709 shares. Tower Cap Limited Co (Trc) holds 0% or 389 shares. State Bank holds 2,395 shares.

Since October 26, 2017, it had 0 insider buys, and 20 sales for $35.59 million activity. On Thursday, October 26 DICHIARO STEVEN JOHN sold $930,324 worth of Torchmark Corporation (NYSE:TMK) or 11,000 shares. 52,500 shares valued at $4.41 million were sold by LUTEK BEN on Thursday, October 26. $1.58M worth of stock was sold by LEAVELL BILL on Friday, October 27. 24,000 shares were sold by HUTCHISON LARRY M, worth $2.07M. The insider HENRIE MICHAEL SHANE sold 15,000 shares worth $1.31 million. MAJORS MICHAEL CLAY had sold 21,900 shares worth $1.92M on Monday, February 26.

Rowland & Company Investment Counsel decreased its stake in Torchmark Corp (NYSE:TMK) by 2.16% based on its latest 2018Q1 regulatory filing with the SEC. Rowland & Company Investment Counsel sold 400 shares as the company’s stock declined 8.29% with the market. The institutional investor held 18,098 shares of the life insurance company at the end of 2018Q1, valued at $1.53 billion, down from 18,498 at the end of the previous reported quarter. Rowland & Company Investment Counsel who had been investing in Torchmark Corp for a number of months, seems to be less bullish one the $9.68B market cap company. The stock decreased 0.06% or $0.05 during the last trading session, reaching $85.04. About 354,286 shares traded. Torchmark Corporation (NYSE:TMK) has risen 8.95% since April 17, 2017 and is uptrending. It has underperformed by 2.60% the S&P500.

Rowland & Company Investment Counsel, which manages about $228.64M and $252.25B US Long portfolio, upped its stake in Meredith Corp (NYSE:MDP) by 3,235 shares to 33,395 shares, valued at $1.80 billion in 2018Q1, according to the filing. It also increased its holding in A T & T Inc (NYSE:T) by 3,950 shares in the quarter, for a total of 129,615 shares, and has risen its stake in Bb&T Corporation (NYSE:BBT).

Rowland & Company Investment Counsel is a Georgia-based institutional investor with more than $228.64 million AUM in March, 2014. Taken from Rowland & Company Investment latest Adv, the fund reported to have 4 full and part-time employees. Among which 3 performing investment advisory and research functions. The institutional investor had more than 100 clients.

Torchmark Corporation (NYSE:TMK) Ratings Coverage

Among 7 analysts covering Torchmark (NYSE:TMK), 1 have Buy rating, 3 Sell and 3 Hold. Therefore 14% are positive. Torchmark has $9700 highest and $78 lowest target. $86.43’s average target is 1.63% above currents $85.04 stock price. Torchmark had 10 analyst reports since October 18, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. The stock has “Underweight” rating by Morgan Stanley on Thursday, April 5. The firm has “Hold” rating by SunTrust given on Thursday, October 26. Keefe Bruyette & Woods maintained Torchmark Corporation (NYSE:TMK) rating on Wednesday, April 11. Keefe Bruyette & Woods has “Hold” rating and $9300 target. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, November 10. Morgan Stanley maintained Torchmark Corporation (NYSE:TMK) on Monday, November 13 with “Underweight” rating.

Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. The company has market cap of $9.68 billion. It operates through Life Insurance, Health Insurance, and Annuities divisions. It has a 6.95 P/E ratio. The Life Insurance segment offers life insurance products, including traditional and interest-sensitive whole life and term life insurance, and other life insurance.

Torchmark Corporation (NYSE:TMK) Institutional Positions Chart

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