Insider Selling: Loews Co. (NYSE:L) Director Sells 47,636 Shares of Stock

Loews Co. (NYSE:L - Get Free Report) Director Jonathan M. Tisch sold 47,636 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the completion of the sale, the director now directly owns 6,705,529 shares in the company, valued at approximately $569,165,301.52. The trade was a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Jonathan M. Tisch also recently made the following trade(s):

• On Thursday, February 6th, Jonathan M. Tisch sold 3,691 shares of Loews stock. The shares were sold at an average price of $86.89, for a total value of $320,710.99.

Loews Trading Up 1.2 %

L traded up $1.06 on Monday, hitting $87.48. 544,857 shares of the company were exchanged, compared to its average volume of 653,452. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. Loews Co. has a 12 month low of $72.91 and a 12 month high of $88.29. The firm has a fifty day simple moving average of $84.75 and a two-hundred day simple moving average of $82.87. The stock has a market capitalization of $18.62 billion, a PE ratio of 13.67 and a beta of 0.80.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 EPS for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

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Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. Loews's dividend payout ratio (DPR) is presently 3.91%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Loews from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

Hedge Funds Weigh In On Loews

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its position in Loews by 26.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 27,462 shares of the insurance provider's stock valued at $2,171,000 after acquiring an additional 5,742 shares in the last quarter. Principal Financial Group Inc. grew its stake in Loews by 3.0% in the third quarter. Principal Financial Group Inc. now owns 248,665 shares of the insurance provider's stock worth $19,657,000 after purchasing an additional 7,149 shares during the period. Axxcess Wealth Management LLC bought a new position in Loews in the third quarter worth $204,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Loews by 1.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 509,349 shares of the insurance provider's stock valued at $40,264,000 after buying an additional 5,655 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of Loews by 215.6% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 7,340 shares of the insurance provider's stock valued at $580,000 after buying an additional 5,014 shares in the last quarter. Institutional investors own 58.33% of the company's stock.

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.