Loews (NYSE:L) Director James Tisch Sells 53,720 Shares of Stock

Loews Corporation (NYSE:L) Director James Tisch sold 53,720 shares of the firm’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $110.07, for a total value of $5,912,960.40. Following the sale, the director directly owned 11,955,472 shares in the company, valued at approximately $1,315,938,803.04. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Loews Stock Performance

L stock traded up $0.38 during trading on Thursday, hitting $111.89. 441,323 shares of the company traded hands, compared to its average volume of 786,746. Loews Corporation has a 1 year low of $101.08 and a 1 year high of $121.01. The company has a market cap of $22.63 billion, a PE ratio of 15.48 and a beta of 0.49. The stock’s 50-day simple moving average is $108.74 and its 200 day simple moving average is $109.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.36 and a quick ratio of 0.36.

Loews (NYSE:L) last released its quarterly earnings data on Monday, November 2nd. The insurance provider reported $1.50 EPS for the quarter. The business had revenue of $4.76 billion for the quarter. Loews had a return on equity of 7.60% and a net margin of 7.93%.

Loews Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Wednesday, November 25th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, November 25th. Loews’s payout ratio is currently 3.46%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Loews from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, November 3rd. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Loews currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Loews

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in Loews by 2.3% during the first quarter. NewEdge Advisors LLC now owns 4,168 shares of the insurance provider’s stock valued at $445,000 after purchasing an additional 95 shares in the last quarter. Lido Advisors LLC increased its stake in shares of Loews by 3.9% during the first quarter. Lido Advisors LLC now owns 2,594 shares of the insurance provider’s stock worth $277,000 after purchasing an additional 97 shares in the last quarter. CX Institutional raised its position in shares of Loews by 5.3% during the 2nd quarter. CX Institutional now owns 2,128 shares of the insurance provider’s stock worth $241,000 after purchasing an additional 107 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Loews by 10.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,306 shares of the insurance provider’s stock worth $148,000 after purchasing an additional 119 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Loews by 1.2% in the 2nd quarter. GAMMA Investing LLC now owns 11,578 shares of the insurance provider’s stock valued at $1,311,000 after buying an additional 135 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Company Profile

Loews Corporation is a diversified holding company with businesses in insurance, energy infrastructure and hospitality. Its subsidiaries operate independently, while Loews provides corporate oversight and capital allocation. CNA Financial provides commercial property and casualty insurance, along with related services, to businesses and organizations. Boardwalk Pipelines operates natural gas pipeline and storage infrastructure, primarily in the United States. Loews Hotels & Co owns and operates hotels and resorts, principally in North America.