Loews Co. (NYSE:L) Director Sells $635,408.55 in Stock

Loews Co. (NYSE:L) Director Andrew H. Tisch sold 7,533 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total value of $635,408.55. Following the completion of the transaction, the director now owns 1,568,191 shares in the company, valued at $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Loews Stock Down 2.3 %

Shares of NYSE:L traded down $1.95 during trading on Monday, hitting $82.40. 869,264 shares of the company’s stock traded hands, compared to its average volume of 761,155. The company has a 50-day moving average price of $83.73 and a 200-day moving average price of $80.34. Loews Co. has a 52 week low of $70.23 and a 52 week high of $87.45. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. The company has a market cap of $17.94 billion, a price-to-earnings ratio of 10.94 and a beta of 0.83.

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend was Wednesday, November 27th. Loews’s dividend payout ratio is 3.32%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Loews from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th.

Institutional Investors Weigh In On Loews

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new stake in Loews in the 3rd quarter valued at approximately $40,000. Eastern Bank acquired a new stake in shares of Loews in the third quarter valued at approximately $47,000. Kimelman & Baird LLC bought a new stake in shares of Loews in the second quarter worth $45,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Loews in the third quarter worth $49,000. Finally, Quest Partners LLC acquired a new position in Loews during the third quarter worth $129,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

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.