Loews Co. (NYSE:L) Director Andrew H. Tisch Sells 7,533 Shares

Loews Co. (NYSE:L - Get Free Report) Director Andrew H. Tisch sold 7,533 shares of the business's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total transaction of $635,408.55. Following the transaction, the director now owns 1,568,191 shares in the company, valued at approximately $132,276,910.85. The trade was a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Loews Stock Performance

Shares of Loews stock traded down $1.95 during trading on Monday, reaching $82.40. The company's stock had a trading volume of 869,264 shares, compared to its average volume of 762,821. The business's 50-day moving average price is $83.73 and its 200-day moving average price is $80.34. The firm has a market cap of $17.94 billion, a PE ratio of 10.94 and a beta of 0.83. Loews Co. has a 52 week low of $70.23 and a 52 week high of $87.45. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48.

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were given a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. Loews's payout ratio is presently 3.32%.

Institutional Investors Weigh In On Loews

Several institutional investors and hedge funds have recently bought and sold shares of the company. CWA Asset Management Group LLC bought a new stake in Loews during the fourth quarter worth about $227,000. Nordea Investment Management AB lifted its position in Loews by 7.5% during the fourth quarter. Nordea Investment Management AB now owns 15,619 shares of the insurance provider's stock worth $1,323,000 after purchasing an additional 1,085 shares during the period. GAMMA Investing LLC lifted its position in Loews by 23.5% during the fourth quarter. GAMMA Investing LLC now owns 6,580 shares of the insurance provider's stock worth $557,000 after purchasing an additional 1,253 shares during the period. Principal Financial Group Inc. lifted its position in Loews by 3.0% during 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. Finally, Synovus Financial Corp bought a new stake in Loews during the third quarter worth about $205,000. Institutional investors own 58.33% of the company's stock.

Analysts Set New Price Targets

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

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.