Loews Co. (NYSE:L) Director Jonathan M. Tisch Sells 50,000 Shares

Loews Co. (NYSE:L - Get Free Report) Director Jonathan M. Tisch sold 50,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $84.66, for a total value of $4,233,000.00. Following the completion of the transaction, the director now owns 6,755,529 shares in the company, valued at $571,923,085.14. The trade was a 0.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 stock was sold at an average price of $86.89, for a total transaction of $320,710.99.

Loews Stock Up 1.2 %

Loews stock traded up $1.06 during mid-day trading on Monday, reaching $87.48. The stock had a trading volume of 544,857 shares, 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 fifty-two week low of $72.91 and a fifty-two week high of $88.29. The stock's 50-day simple moving average is $84.75 and its 200-day simple moving average is $82.87. The firm 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 announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share 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 issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Wednesday, February 26th. Loews's dividend payout ratio is presently 3.91%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of L. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Loews in the 4th quarter worth approximately $26,000. Minot DeBlois Advisors LLC bought a new stake in shares of Loews in the fourth quarter valued at $27,000. Itau Unibanco Holding S.A. lifted its position in shares of Loews by 387.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider's stock valued at $37,000 after buying an additional 345 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Loews during the 3rd quarter worth $40,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Loews in the 3rd quarter worth about $49,000. 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.