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

Loews Co. (NYSE:LGet Free Report) 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:LGet Free Report) 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.

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Loews Company Profile

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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.

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Insider Buying and Selling by Quarter for Loews (NYSE:L)

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