Loews Co. to Issue Quarterly Dividend of $0.06 (NYSE:L)

Loews Co. (NYSE:L) declared a quarterly dividend on Tuesday, November 12th,RTT News reports. Shareholders of record on Wednesday, November 27th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, December 10th. This represents a $0.25 annualized dividend and a yield of 0.30%.

Loews Price Performance

Shares of L traded down $0.24 during midday trading on Wednesday, hitting $82.73. The company’s stock had a trading volume of 32,348 shares, compared to its average volume of 710,855. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. Loews has a one year low of $65.92 and a one year high of $84.56. The stock has a market capitalization of $18.02 billion, a price-to-earnings ratio of 11.02 and a beta of 0.82. The company’s fifty day simple moving average is $79.68 and its two-hundred day simple moving average is $77.98.

Wall Street Analyst Weigh In

Several analysts recently weighed in on L shares. Jefferies Financial Group dropped their price objective on Loews from $115.00 to $112.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Royal Bank of Canada upgraded Loews to a “moderate buy” rating in a research report on Friday, July 26th. Finally, StockNews.com upgraded Loews from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

Insiders Place Their Bets

In other news, insider Jonathan M. Tisch sold 62,500 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $80.84, for a total value of $5,052,500.00. Following the completion of the sale, the insider now owns 6,781,634 shares of the company’s stock, valued at approximately $548,227,292.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Jonathan M. Tisch sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $81.82, for a total value of $2,045,500.00. Following the transaction, the insider now owns 461,395 shares in the company, valued at $37,751,338.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan M. Tisch sold 62,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $80.84, for a total value of $5,052,500.00. Following the completion of the transaction, the insider now owns 6,781,634 shares in the company, valued at $548,227,292.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 88,587 shares of company stock valued at $7,186,460 in the last 90 days. Corporate insiders own 18.70% of the company’s stock.

About Loews

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.