Insider Selling: Loews Co. (NYSE:L) Director Sells 3,691 Shares of Stock

Loews Co. (NYSE:L) Director Jonathan M. Tisch sold 3,691 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Loews Price Performance

Shares of Loews stock opened at $85.89 on Tuesday. The firm has a market cap of $18.71 billion, a P/E ratio of 11.41 and a beta of 0.83. The firm’s 50-day simple moving average is $84.68 and its 200-day simple moving average is $81.84. Loews Co. has a twelve month low of $72.50 and a twelve month high of $88.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34.

Loews (NYSE:L) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 earnings per share for the quarter. Loews had a return on equity of 9.70% and a net margin of 9.71%.

Analyst Ratings Changes

Separately, StockNews.com lowered Loews from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in L. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Loews during the 4th quarter worth about $26,000. Brooklyn Investment Group acquired a new stake in shares of Loews during the third quarter worth approximately $40,000. Eastern Bank acquired a new stake in shares of Loews during the third quarter worth approximately $47,000. Wilmington Savings Fund Society FSB bought a new position in shares of Loews in the third quarter valued at approximately $49,000. Finally, Human Investing LLC acquired a new position in shares of Loews in the 4th quarter worth approximately $51,000. 58.33% of the stock is owned by institutional investors.

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.