Loews Co. (NYSE:L) Director Sells $4,233,000.00 in Stock

Loews Co. (NYSE:L) Director Jonathan M. Tisch sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $84.66, for a total transaction of $4,233,000.00. Following the completion of the transaction, the director now directly owns 6,755,529 shares of the company’s stock, valued at $571,923,085.14. The trade was a 0.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jonathan M. Tisch also recently made the following trade(s):

• On Thursday, February 6th, Jonathan M. Tisch sold 3,691 shares of Loews stock. The shares were sold at an average price of $86.89, for a total transaction of $320,710.99.

Loews Trading Up 2.1 %

NYSE L opened at $86.56 on Friday. Loews Co. has a 12 month low of $72.91 and a 12 month high of $88.29. The company has a 50-day moving average of $84.75 and a 200-day moving average of $82.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $18.43 billion, a P/E ratio of 13.53 and a beta of 0.80.

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

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Wednesday, February 26th. Loews’s dividend payout ratio is currently 3.91%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Loews during the 4th quarter valued at about $26,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Loews during the 4th quarter worth about $27,000. Itau Unibanco Holding S.A. grew its holdings in shares of Loews by 387.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 345 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Loews during the 3rd quarter worth about $40,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Loews during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.