Loews Co. (L) To Go Ex-Dividend on February 26th

Loews Co. (NYSE:L) announced a quarterly dividend on Tuesday, February 11th, Wall Street Journal reports. Stockholders of record on Wednesday, February 26th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, March 11th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Wednesday, February 26th.

Loews Stock Performance

NYSE L opened at $82.72 on Monday. Loews has a 12-month low of $72.91 and a 12-month high of $88.29. The firm has a 50-day moving average price of $84.37 and a two-hundred day moving average price of $82.21. The company has a market capitalization of $17.61 billion, a P/E ratio of 12.93 and a beta of 0.83. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50.

Loews (NYSE:L) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 EPS for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Loews from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th.

Insider Activity

In other news, Director Charles M. Diker sold 1,146 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $86.83, for a total value of $99,507.18. Following the sale, the director now directly owns 19,906 shares in the company, valued at approximately $1,728,437.98. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andrew H. Tisch sold 7,533 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total transaction of $635,408.55. Following the transaction, the director now owns 1,568,191 shares of the company’s stock, valued at approximately $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,370 shares of company stock worth $1,055,627. Insiders own 18.70% of the company’s stock.

Loews Company Profile

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages.