Loews Co. (NYSE:L) Director Sells $4,233,000.00 in Stock

Loews Co. (NYSE:L) Director Jonathan M. Tisch sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $84.66, for a total value of $4,233,000.00. Following the sale, the director now owns 6,755,529 shares of the company’s stock, valued at $571,923,085.14. The trade was a 0.73 % decrease in their position. The sale was disclosed in a document filed 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 stock was sold at an average price of $86.89, for a total value of $320,710.99.

Loews Stock Up 2.1 %

NYSE L opened at $86.56 on Friday. The stock has a market cap of $18.43 billion, a PE ratio of 13.53 and a beta of 0.80. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $88.29. The business has a 50 day moving average price of $84.75 and a two-hundred day moving average price of $82.86. 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 (NYSE:L) last released its earnings results on Monday, February 10th. The insurance provider reported $0.86 EPS 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 announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Wednesday, February 26th. Loews’s dividend payout ratio (DPR) is currently 3.91%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Loews

Several institutional investors and hedge funds have recently made changes to their positions in L. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Loews during the 4th quarter valued at approximately $26,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Loews during the 4th quarter valued at approximately $27,000. Itau Unibanco Holding S.A. raised its position in shares of Loews by 387.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 345 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Loews during the 3rd quarter valued at approximately $40,000. Finally, Human Investing LLC acquired a new stake in shares of Loews during the 4th quarter valued at approximately $51,000. 58.33% of the stock is currently owned by hedge funds and other 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.