Loews (NYSE:L) Director Andrew Tisch Sells 50,000 Shares

Loews Corporation (NYSE:L) Director Andrew Tisch sold 50,000 shares of Loews stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $105.07, for a total value of $5,253,500.00. Following the completion of the transaction, the director owned 12,909,642 shares in the company, valued at $1,356,416,084.94. The trade was a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Loews Stock Performance

L opened at $106.01 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average price is $102.90 and its two-hundred day moving average price is $96.98. The firm has a market capitalization of $21.91 billion, a P/E ratio of 15.36 and a beta of 0.62. Loews Corporation has a 12-month low of $78.98 and a 12-month high of $109.06.

Loews (NYSE:L) last posted its quarterly earnings data on Monday, November 3rd. The insurance provider reported $2.43 earnings per share for the quarter. Loews had a return on equity of 7.89% and a net margin of 7.95%.The company had revenue of $4.67 billion during the quarter.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 26th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.2%. The ex-dividend date was Wednesday, November 26th. Loews’s dividend payout ratio (DPR) is currently 3.62%.

Institutional Investors Weigh In On Loews

Several institutional investors and hedge funds have recently bought and sold shares of L. Jane Street Group LLC increased its holdings in Loews by 218.1% during the 1st quarter. Jane Street Group LLC now owns 142,050 shares of the insurance provider’s stock valued at $13,056,000 after purchasing an additional 97,391 shares in the last quarter. Assetmark Inc. boosted its stake in Loews by 182.2% in the second quarter. Assetmark Inc. now owns 1,967 shares of the insurance provider’s stock worth $180,000 after purchasing an additional 1,270 shares in the last quarter. Advisory Alpha LLC bought a new stake in shares of Loews during the first quarter worth $284,000. American Century Companies Inc. increased its stake in shares of Loews by 7.4% in the first quarter. American Century Companies Inc. now owns 96,249 shares of the insurance provider’s stock valued at $8,846,000 after buying an additional 6,660 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Loews by 1.3% in the first quarter. Hsbc Holdings PLC now owns 724,190 shares of the insurance provider’s stock valued at $66,463,000 after buying an additional 9,357 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Loews in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

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.