Loews Co. (NYSE:L) Director Sells $4,043,343.68 in Stock

Loews Co. (NYSE:L) Director Jonathan M. Tisch sold 47,636 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $84.88, for a total value of $4,043,343.68. Following the completion of the sale, the director now owns 6,705,529 shares in the company, valued at $569,165,301.52. This trade represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 stock was sold at an average price of $86.89, for a total value of $320,710.99.

Loews Trading Up 2.1 %

Shares of L opened at $86.56 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a 12-month low of $72.91 and a 12-month high of $88.29. The firm has a market capitalization of $18.43 billion, a PE ratio of 13.53 and a beta of 0.80. The stock’s fifty day simple moving average is $84.75 and its 200-day simple moving average is $82.86.

Loews (NYSE:L) last released 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 business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Wednesday, February 26th. Loews’s payout ratio is 3.91%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Loews

Large investors have recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Loews in the fourth quarter worth about $26,000. Minot DeBlois Advisors LLC bought a new position in shares of Loews during the fourth quarter worth about $27,000. Itau Unibanco Holding S.A. grew its holdings in shares of Loews by 387.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider’s stock worth $37,000 after buying an additional 345 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Loews during the third quarter worth about $40,000. Finally, Human Investing LLC bought a new position in shares of Loews during the fourth quarter worth about $51,000. 58.33% of the stock is currently owned by institutional investors.

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.