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UPDATE: Citigroup Initiates Torchmark at Neutral on Valuation

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Credit Suisse Neutral On Several Insurance Names: Reinsurance Group, Unum, Torchmark
10 Notable Stocks Trading Ex-Dividend Wednesday, October 5

Citigroup initiated coverage on Torchmark Corporation (NYSE: TMK) with a Neutral rating and $56.00 price target.

Citigroup noted, "In our view, TMK is one of the premier franchises within the life insurance sector given its superior ROE, strong capital generation, and predictable earnings. While our fundamental outlook is also generally positive, we believe the current valuation offers limited upside potential. We could become more bullish if the stock pulls back."

Torchmark closed at $53.05 on Wednesday.

Latest Ratings for TMK

DateFirmActionFromTo
Nov 2016Bank of AmericaDowngradesNeutralUnderperform
Sep 2016BarclaysMaintainsUnderweight
Sep 2016Wells FargoAssumesUnderperform

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Posted-In: CitigroupAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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