Loews Co. (NYSE:L) Director Sells $4,254,000.00 in Stock

Loews Co. (NYSE:L) Director Jonathan M. Tisch sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the completion of the sale, the director now owns 7,105,529 shares of the company’s stock, valued at approximately $604,538,407.32. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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 transaction of $320,710.99.

Loews Stock Performance

NYSE:L opened at $86.56 on Friday. Loews Co. has a 1 year low of $72.91 and a 1 year high of $88.29. The firm’s fifty day simple moving average is $84.60 and its 200 day simple moving average is $82.41. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $18.43 billion, a PE ratio of 13.53 and a beta of 0.83.

Loews (NYSE:L) last posted its earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.29%. Loews’s payout ratio is presently 3.91%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Loews from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC acquired a new stake in Loews in the 4th quarter worth $26,000. Minot DeBlois Advisors LLC acquired a new stake in Loews in the 4th quarter worth $27,000. Itau Unibanco Holding S.A. grew its position in Loews by 387.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 345 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Loews in the 3rd quarter worth $40,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Loews in the 3rd quarter worth $49,000. 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.