Barclays Reiterates an 'Overweight' on Torchmark (TMK); Management Change Focused on Improving Sales at Liberty National

Barclays reiterates an 'Overweight' on Torchmark (NYSE: TMK) price target of $55.00.

Barclays analyst says, "TMK announced today Roger Smith, CEO of American Income (TMK's life insurance distribution business that sells to union members) is assuming the additional role as CEO of Liberty National (TMK's traditional life and health insurer in the southeast U.S.) replacing Andrew McWhorter, who retired. Mr. Smith's performance at American Income has been impressive, and the management change could be a positive catalyst to reinvigorate growth at Liberty National, which faces declining sales. Importantly, we do not believe the management changes signal any new problems at Liberty National."

For an analyst ratings summary and ratings history on Torchmark click here. For more ratings news on Torchmark click here.

Shares of Torchmark closed at $43.00 yesterday.

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