Loews (NYSE:L) VP Sells $383,995.65 in Stock

Loews Corporation (NYSE:L) VP Marc Alpert sold 3,495 shares of Loews stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $109.87, for a total transaction of $383,995.65. Following the completion of the sale, the vice president directly owned 16,325 shares in the company, valued at approximately $1,793,627.75. This represents a 17.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Loews Stock Performance

Shares of L stock traded up $0.17 on Wednesday, hitting $110.13. 685,948 shares of the stock were exchanged, compared to its average volume of 736,502. The firm’s 50 day moving average is $105.15 and its two-hundred day moving average is $101.20. Loews Corporation has a one year low of $78.98 and a one year high of $114.90. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $22.76 billion, a PE ratio of 13.80 and a beta of 0.61.

Loews (NYSE:L) last issued its earnings results on Monday, February 9th. The insurance provider reported $1.94 EPS for the quarter. Loews had a return on equity of 8.99% and a net margin of 9.03%.The business had revenue of $4.73 billion during the quarter.

Loews Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.25 annualized dividend and a yield of 0.2%. Loews’s payout ratio is 3.13%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in L. Zions Bancorporation National Association UT raised its position in Loews by 246.0% in the fourth quarter. Zions Bancorporation National Association UT now owns 948 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 674 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Loews by 1.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 37,579 shares of the insurance provider’s stock worth $3,957,000 after buying an additional 364 shares in the last quarter. Deutsche Bank AG increased its stake in Loews by 37.9% in the 4th quarter. Deutsche Bank AG now owns 670,618 shares of the insurance provider’s stock worth $70,623,000 after acquiring an additional 184,152 shares during the last quarter. LPL Financial LLC grew its position in Loews by 11.0% in the fourth quarter. LPL Financial LLC now owns 108,214 shares of the insurance provider’s stock worth $11,396,000 after acquiring an additional 10,762 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in Loews by 3.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 51,702 shares of the insurance provider’s stock valued at $5,445,000 after acquiring an additional 1,816 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (a-)” rating on shares of Loews in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Loews currently has a consensus rating of “Strong Buy”.

Loews Company Profile

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.