Loews (NYSE:L) Director Sells $155,635.06 in Stock

Loews Corporation (NYSE:L) Director Charles Diker sold 1,442 shares of Loews stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $107.93, for a total transaction of $155,635.06. Following the completion of the sale, the director directly owned 21,594 shares of the company’s stock, valued at approximately $2,330,640.42. This trade represents a 6.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Loews Stock Performance

Shares of NYSE L traded down $0.08 during midday trading on Tuesday, hitting $106.32. 733,119 shares of the stock traded hands, compared to its average volume of 782,145. Loews Corporation has a one year low of $78.98 and a one year high of $109.06. The firm has a 50-day moving average of $102.08 and a two-hundred day moving average of $95.72. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $21.97 billion, a P/E ratio of 16.90 and a beta of 0.61.

Loews (NYSE:L) last released its quarterly earnings results on Monday, November 3rd. The insurance provider reported $2.43 earnings per share (EPS) for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%.The business had revenue of $4.67 billion during the quarter.

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, November 26th. Loews’s dividend payout ratio is currently 3.62%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (a-)” rating on shares of Loews in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Loews presently has a consensus rating of “Strong Buy”.

Institutional Investors Weigh In On Loews

Several hedge funds and other institutional investors have recently added to or reduced their stakes in L. Hancock Whitney Corp lifted its holdings in Loews by 3.9% during the third quarter. Hancock Whitney Corp now owns 2,618 shares of the insurance provider’s stock valued at $263,000 after purchasing an additional 98 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Loews by 6.9% in the third quarter. Versant Capital Management Inc now owns 1,606 shares of the insurance provider’s stock worth $161,000 after purchasing an additional 104 shares in the last quarter. Moody Lynn & Lieberson LLC raised its position in shares of Loews by 2.9% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 3,678 shares of the insurance provider’s stock valued at $369,000 after purchasing an additional 105 shares during the period. Trustmark Bank Trust Department lifted its stake in shares of Loews by 0.7% during the 2nd quarter. Trustmark Bank Trust Department now owns 16,263 shares of the insurance provider’s stock valued at $1,491,000 after buying an additional 115 shares in the last quarter. Finally, Wedmont Private Capital lifted its stake in shares of Loews by 3.8% during the 3rd quarter. Wedmont Private Capital now owns 3,291 shares of the insurance provider’s stock valued at $339,000 after buying an additional 120 shares in the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

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.