Insider Selling: Loews Co. (NYSE:L) Director Sells $320,710.99 in Stock

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

Loews Stock Performance

Shares of Loews stock opened at $82.97 on Thursday. Loews Co. has a one year low of $72.50 and a one year high of $88.29. The company has a market cap of $18.07 billion, a price-to-earnings ratio of 11.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. The business’s 50 day moving average price is $84.65 and its 200 day moving average price is $81.93.

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

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. Loews’s dividend payout ratio is currently 3.32%.

Institutional Investors Weigh In On Loews

A number of institutional investors and hedge funds have recently added to or reduced their stakes in L. Norges Bank acquired a new stake in shares of Loews in the fourth quarter valued at $623,493,000. Assenagon Asset Management S.A. grew its stake in shares of Loews by 345.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider’s stock valued at $25,114,000 after buying an additional 229,965 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Loews by 92.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider’s stock valued at $37,745,000 after buying an additional 229,956 shares in the last quarter. Boston Partners grew its stake in shares of Loews by 16.9% in the fourth quarter. Boston Partners now owns 1,499,417 shares of the insurance provider’s stock valued at $126,983,000 after buying an additional 217,115 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Loews by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 4,476,087 shares of the insurance provider’s stock valued at $378,087,000 after buying an additional 210,594 shares in the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.