Loews Co. (NYSE:L) Director Sells $4,043,343.68 in Stock

Loews Co. (NYSE:L) Director Jonathan M. Tisch sold 47,636 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $84.88, for a total value of $4,043,343.68. Following the completion of the sale, the director now owns 6,705,529 shares of the company’s stock, valued at approximately $569,165,301.52. This trade represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 stock was sold at an average price of $86.89, for a total value of $320,710.99.

Loews Stock Up 2.1 %

Shares of L stock opened at $86.56 on Friday. Loews Co. has a 12 month low of $72.91 and a 12 month high of $88.29. The firm has a market cap of $18.43 billion, a PE ratio of 13.53 and a beta of 0.80. The stock has a 50 day moving average of $84.75 and a 200-day moving average of $82.86. 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 (NYSE:L) last released 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%.

Loews Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Wednesday, February 26th. Loews’s dividend payout ratio is presently 3.91%.

Institutional Trading of Loews

A number of institutional investors and hedge funds have recently modified their holdings of the company. Venturi Wealth Management LLC increased its position in shares of Loews by 10.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock valued at $105,000 after purchasing an additional 119 shares during the period. Gilder Gagnon Howe & Co. LLC grew its position in Loews by 3.2% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 3,884 shares of the insurance provider’s stock valued at $329,000 after acquiring an additional 122 shares during the period. Wedmont Private Capital grew its position in Loews by 5.2% in the fourth quarter. Wedmont Private Capital now owns 3,065 shares of the insurance provider’s stock valued at $249,000 after acquiring an additional 151 shares during the period. Summit Trail Advisors LLC grew its position in Loews by 2.6% in the third quarter. Summit Trail Advisors LLC now owns 6,038 shares of the insurance provider’s stock valued at $477,000 after acquiring an additional 153 shares during the period. Finally, Mather Group LLC. grew its position in Loews by 7.7% in the fourth quarter. Mather Group LLC. now owns 2,248 shares of the insurance provider’s stock valued at $190,000 after acquiring an additional 161 shares during the period. 58.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Loews from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th.

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.