Jonathan M. Tisch Sells 3,691 Shares of Loews Co. (NYSE:L) Stock

Loews Co. (NYSE:L) Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Loews Stock Performance

Shares of Loews stock opened at $84.88 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. Loews Co. has a twelve month low of $72.50 and a twelve month high of $88.29. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 11.27 and a beta of 0.83. The company’s fifty day moving average is $84.68 and its 200 day moving average is $81.89.

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

Institutional Trading of Loews

Several institutional investors have recently modified their holdings of L. Miracle Mile Advisors LLC bought a new stake in Loews in the 4th quarter worth about $315,000. Charles Schwab Investment Management Inc. grew its position in shares of Loews by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock valued at $127,409,000 after acquiring an additional 8,615 shares during the period. Intech Investment Management LLC grew its position in shares of Loews by 8.0% during the 3rd quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider’s stock valued at $10,875,000 after acquiring an additional 10,213 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Loews by 47.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider’s stock valued at $2,950,000 after acquiring an additional 12,070 shares during the period. Finally, Swedbank AB grew its position in shares of Loews by 8.8% during the 3rd quarter. Swedbank AB now owns 379,647 shares of the insurance provider’s stock valued at $30,011,000 after acquiring an additional 30,600 shares during the period. Institutional investors own 58.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Loews from a “buy” rating to a “hold” rating in a research note 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.