Jonathan M. Tisch Sells 3,691 Shares of Loews Co. (NYSE:L) Stock

Loews Co. (NYSE:L - Get Free Report) Director Jonathan M. Tisch sold 3,691 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Loews Price Performance

Shares of NYSE:L traded down $1.06 during trading on Tuesday, hitting $84.88. 654,803 shares of the company were exchanged, compared to its average volume of 674,133. Loews Co. has a 1-year low of $72.50 and a 1-year high of $88.29. The company has a market capitalization of $18.49 billion, a P/E ratio of 11.27 and a beta of 0.83. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. The business's 50 day moving average is $84.68 and its 200-day moving average is $81.89.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 earnings per share for the quarter. Loews had a return on equity of 9.70% and a net margin of 9.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Loews from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 20th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in Loews during the 2nd quarter worth about $875,000. Czech National Bank raised its position in shares of Loews by 7.3% during the third quarter. Czech National Bank now owns 37,115 shares of the insurance provider's stock worth $2,934,000 after acquiring an additional 2,518 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Loews by 4.3% in the third quarter. Atomi Financial Group Inc. now owns 4,111 shares of the insurance provider's stock worth $325,000 after acquiring an additional 169 shares during the period. CWM LLC lifted its stake in shares of Loews by 9.9% in the third quarter. CWM LLC now owns 4,022 shares of the insurance provider's stock worth $318,000 after acquiring an additional 363 shares during the period. Finally, Ritholtz Wealth Management boosted its holdings in Loews by 34.6% in the third quarter. Ritholtz Wealth Management now owns 5,317 shares of the insurance provider's stock valued at $420,000 after acquiring an additional 1,368 shares during the last quarter. Institutional investors own 58.33% of the company's stock.

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.