Loews Co. (NYSE:L) Director Sells $4,254,000.00 in Stock

Loews Co. (NYSE:L) Director Jonathan M. Tisch sold 50,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the transaction, the director now directly owns 7,105,529 shares of the company’s stock, valued at $604,538,407.32. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Stock Up 1.9 %

L stock traded up $1.64 during trading on Thursday, reaching $85.84. 429,884 shares of the stock were exchanged, compared to its average volume of 707,084. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a twelve month low of $72.91 and a twelve month high of $88.29. The firm’s 50 day moving average is $84.45 and its 200 day moving average is $82.32. The firm has a market cap of $18.27 billion, a P/E ratio of 13.41 and a beta of 0.83.

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

Loews Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date is Wednesday, February 26th. Loews’s dividend payout ratio (DPR) is 3.91%.

Institutional Investors Weigh In On Loews

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Halbert Hargrove Global Advisors LLC bought a new position in Loews in the 4th quarter valued at about $26,000. Minot DeBlois Advisors LLC bought a new stake in Loews during the 4th quarter worth approximately $27,000. Itau Unibanco Holding S.A. raised its stake in shares of Loews by 387.6% in the fourth 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 last quarter. Brooklyn Investment Group purchased a new position in shares of Loews during the third quarter valued at approximately $40,000. Finally, Human Investing LLC purchased a new position in shares of Loews during the fourth quarter valued at approximately $51,000. 58.33% of the stock is owned by institutional investors.

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.