Loews (NYSE:L) Director James Tisch Sells 196,280 Shares of Stock

Loews Corporation (NYSE:L) Director James Tisch sold 196,280 shares of the business’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $110.57, for a total transaction of $21,702,679.60. Following the transaction, the director owned 2,809,389 shares of the company’s stock, valued at approximately $310,634,141.73. The trade was a 6.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Loews Stock Up 0.3%

Loews stock opened at $111.89 on Friday. Loews Corporation has a 1-year low of $101.08 and a 1-year high of $121.01. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market cap of $22.63 billion, a PE ratio of 15.42 and a beta of 0.49. The stock’s fifty day moving average is $108.80 and its two-hundred day moving average is $109.70.

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

Loews Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Loews from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, November 3rd. One analyst has rated the stock with a Buy rating. According to MarketBeat, Loews presently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE acquired a new stake in shares of Loews during the second quarter worth about $79,560,000. Amundi lifted its holdings in shares of Loews by 12.6% in the 2nd quarter. Amundi now owns 752,222 shares of the insurance provider’s stock valued at $85,159,000 after purchasing an additional 84,243 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Loews in the 2nd quarter valued at about $69,529,000. Squarepoint Ops LLC boosted its position in shares of Loews by 739.2% in the 2nd quarter. Squarepoint Ops LLC now owns 37,690 shares of the insurance provider’s stock valued at $4,267,000 after purchasing an additional 33,199 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Loews in the 2nd quarter valued at about $28,758,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

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.