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 dated Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total value of $4,254,000.00. Following the sale, the director now owns 7,105,529 shares in the company, valued at $604,538,407.32. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 Price Performance

Shares of NYSE:L traded up $0.39 during trading on Monday, reaching $87.06. 714,624 shares of the company's stock traded hands, compared to its average volume of 716,491. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $88.29. The firm has a market cap of $18.53 billion, a PE ratio of 13.60 and a beta of 0.83. The company has a 50-day simple moving average of $84.67 and a 200-day simple moving average of $82.54.

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

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Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Wednesday, February 26th. Loews's payout ratio is 3.91%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Loews

Several institutional investors have recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its holdings in shares of Loews by 10.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider's stock worth $105,000 after purchasing an additional 119 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Loews by 3.2% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 3,884 shares of the insurance provider's stock worth $329,000 after purchasing an additional 122 shares during the last quarter. Wedmont Private Capital boosted its holdings in shares of Loews by 5.2% during the 4th quarter. Wedmont Private Capital now owns 3,065 shares of the insurance provider's stock worth $249,000 after purchasing an additional 151 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of Loews by 2.6% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,038 shares of the insurance provider's stock worth $477,000 after purchasing an additional 153 shares during the last quarter. Finally, Mather Group LLC. boosted its holdings in shares of Loews by 7.7% during the 4th quarter. Mather Group LLC. now owns 2,248 shares of the insurance provider's stock worth $190,000 after purchasing an additional 161 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

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.