Loews Corporation (NYSE:L) Director Ann E. Berman sold 1,383 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $50.30, for a total transaction of $69,564.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Loews Corporation (L) traded up $0.21 during midday trading on Friday, reaching $50.49. 1,000,000 shares of the company’s stock traded hands, compared to its average volume of 951,959. Loews Corporation has a 1 year low of $44.68 and a 1 year high of $50.69. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.46. The company has a market cap of $16,996.50, a PE ratio of 17.53 and a beta of 0.74.

Loews (NYSE:L) last posted its earnings results on Monday, October 30th. The insurance provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.02 by $0.44. Loews had a net margin of 7.04% and a return on equity of 4.08%. The firm had revenue of $3.52 billion during the quarter. During the same quarter last year, the company posted $0.89 EPS. Loews’s revenue for the quarter was up 7.1% on a year-over-year basis. equities research analysts anticipate that Loews Corporation will post 2.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Wednesday, November 29th will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Tuesday, November 28th. Loews’s dividend payout ratio (DPR) is 8.90%.

Several research firms have commented on L. BidaskClub cut shares of Loews from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. ValuEngine cut shares of Loews from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research cut shares of Loews from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Loews by 6.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,240 shares of the insurance provider’s stock worth $105,000 after acquiring an additional 140 shares during the period. Acrospire Investment Management LLC acquired a new stake in shares of Loews in the 2nd quarter worth approximately $131,000. D.A. Davidson & CO. lifted its stake in shares of Loews by 1.0% in the 2nd quarter. D.A. Davidson & CO. now owns 2,828 shares of the insurance provider’s stock worth $132,000 after acquiring an additional 27 shares during the period. Parallel Advisors LLC lifted its stake in shares of Loews by 25.4% in the 2nd quarter. Parallel Advisors LLC now owns 3,361 shares of the insurance provider’s stock worth $164,000 after acquiring an additional 680 shares during the period. Finally, Saratoga Research & Investment Management acquired a new stake in shares of Loews in the 3rd quarter worth approximately $176,000. Hedge funds and other institutional investors own 59.39% of the company’s stock.

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Loews Company Profile

Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.

Insider Buying and Selling by Quarter for Loews (NYSE:L)

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