Loews (NYSE:L) VP Mark Schwartz Sells 3,725 Shares of Company Stock

Loews Corporation (NYSE:L) VP Mark Schwartz sold 3,725 shares of the stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $111.17, for a total value of $414,108.25. Following the completion of the sale, the vice president directly owned 8,355 shares of the company’s stock, valued at approximately $928,825.35. This trade represents a 30.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Loews Stock Up 0.3%

L stock opened at $111.89 on Friday. The firm has a market capitalization of $22.63 billion, a PE ratio of 15.42 and a beta of 0.49. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.44. Loews Corporation has a twelve month low of $101.08 and a twelve month high of $121.01. The stock’s 50 day moving average is $108.80 and its 200-day moving average is $109.70.

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

Loews Dividend Announcement

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

Institutional Investors Weigh In On Loews

Several institutional investors have recently added to or reduced their stakes in L. Edmond DE Rothschild Holding S.A. bought a new position in shares of Loews in the second quarter worth $26,000. Fiduciary Financial Advisors purchased a new stake in Loews during the 2nd quarter worth about $26,000. Keating Financial Advisory Services Inc. purchased a new stake in Loews during the 2nd quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Loews by 301.4% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 208 shares in the last quarter. Finally, DiPaolo Financial Group Inc. bought a new position in Loews in the 3rd quarter worth about $29,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Loews from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, November 3rd. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

About Loews

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.