Loews Co. (NYSE:L) CAO Mark S. Schwartz Sells 6,319 Shares

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Loews Co. (NYSE:L) CAO Mark S. Schwartz sold 6,319 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $53.99, for a total transaction of $341,162.81. Following the completion of the sale, the chief accounting officer now directly owns 4,725 shares of the company’s stock, valued at $255,102.75. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of L stock opened at $54.19 on Friday. Loews Co. has a 52-week low of $46.29 and a 52-week high of $56.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.33 and a current ratio of 0.33. The company has a 50-day simple moving average of $52.36 and a two-hundred day simple moving average of $50.89. The company has a market capitalization of $15.56 billion, a price-to-earnings ratio of 17.71 and a beta of 0.64.

Loews (NYSE:L) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.01. Loews had a net margin of 6.24% and a return on equity of 4.88%. The business had revenue of $3.88 billion during the quarter. During the same period in the previous year, the company posted ($0.28) earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 26th will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Tuesday, February 25th. Loews’s payout ratio is 7.00%.

A number of hedge funds have recently modified their holdings of L. Citizens Financial Group Inc RI grew its position in shares of Loews by 346.3% during the 4th quarter. Citizens Financial Group Inc RI now owns 482 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 374 shares during the period. TCI Wealth Advisors Inc. grew its position in shares of Loews by 100.0% during the 4th quarter. TCI Wealth Advisors Inc. now owns 600 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 300 shares during the period. Clear Harbor Asset Management LLC bought a new position in shares of Loews during the 4th quarter valued at approximately $41,000. Meeder Asset Management Inc. grew its position in shares of Loews by 267.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 883 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 643 shares during the period. Finally, Fieldpoint Private Securities LLC grew its position in shares of Loews by 111.8% during the 4th quarter. Fieldpoint Private Securities LLC now owns 900 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 475 shares during the period. 61.55% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the stock. TD Securities reduced their price objective on shares of Loews from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. TheStreet raised shares of Loews from a “c+” rating to a “b-” rating in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Loews has a consensus rating of “Hold” and an average target price of $67.50.

Loews Company Profile

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally. It operates through CNA Financial Corporation; Diamond Offshore Drilling, Inc; Boardwalk Pipeline Partners, LP; and Loews Hotels Holding Corporation segments. The company offers specialty insurance products, such as management and professional liability insurance coverages and products; surety and fidelity bonds; and warranty and alternative risk services.

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

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