Loews Co. (L) to Issue Quarterly Dividend of $0.06 on December 10th

Loews Co. (NYSE:L) declared a quarterly dividend on Tuesday, November 12th,RTT News reports. Stockholders of record on Wednesday, November 27th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, December 10th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Wednesday, November 27th.

Loews Stock Up 1.1 %

Shares of L opened at $86.07 on Monday. Loews has a 12-month low of $67.20 and a 12-month high of $86.27. 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 capitalization of $18.74 billion, a PE ratio of 11.43 and a beta of 0.82. The business’s 50 day moving average is $80.44 and its 200 day moving average is $78.41.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on L shares. StockNews.com lowered shares of Loews from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group reduced their target price on Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st.

Insider Activity at Loews

In related news, Director Andrew H. Tisch sold 50,000 shares of Loews stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $83.26, for a total transaction of $4,163,000.00. Following the completion of the transaction, the director now directly owns 11,939,677 shares of the company’s stock, valued at approximately $994,097,507.02. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan M. Tisch sold 25,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the completion of the sale, the insider now directly owns 461,395 shares in the company, valued at $37,751,338.90. This trade represents a 5.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 213,587 shares of company stock valued at $17,586,460 over the last 90 days. 18.70% of the stock is owned by corporate insiders.

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.