Loews Co. (NYSE:L) Declares $0.06 Quarterly Dividend

Loews Co. (NYSE:L) declared a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Shareholders of record on Wednesday, February 26th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, March 11th. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Wednesday, February 26th.

Loews Trading Down 2.2 %

NYSE:L traded down $1.88 during midday trading on Wednesday, hitting $82.97. The stock had a trading volume of 1,004,988 shares, compared to its average volume of 685,948. The stock has a 50-day moving average of $84.65 and a 200 day moving average of $81.93. The company has a market capitalization of $18.07 billion, a price-to-earnings ratio of 11.02 and a beta of 0.83. Loews has a one year low of $72.50 and a one year high of $88.29. 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 (NYSE:L) last issued its earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a net margin of 9.71% and a return on equity of 9.70%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Loews from a “buy” rating to a “hold” rating in a research note on Tuesday.

Insider Buying and Selling

In related news, Director Andrew H. Tisch sold 50,000 shares of Loews stock in a transaction on Friday, November 15th. The shares were sold at an average price of $83.26, for a total value of $4,163,000.00. Following the sale, the director now owns 11,939,677 shares of the company’s stock, valued at approximately $994,097,507.02. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,370 shares of company stock valued at $5,218,627. Corporate insiders own 18.70% of the company’s stock.

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.