Andrew H. Tisch Sells 75,000 Shares of Loews Co. (NYSE:L) Stock

Loews Co. (NYSE:L) Director Andrew H. Tisch sold 75,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $83.16, for a total transaction of $6,237,000.00. Following the transaction, the director now owns 12,089,677 shares in the company, valued at $1,005,377,539.32. This trade represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Loews Trading Down 0.5 %

Loews stock opened at $82.80 on Friday. The firm’s 50-day moving average is $79.71 and its 200-day moving average is $78.01. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. Loews Co. has a 1 year low of $66.16 and a 1 year high of $84.56. The company has a market cap of $18.03 billion, a P/E ratio of 11.00 and a beta of 0.82.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th will be given a $0.0625 dividend. The ex-dividend date is 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 currently 3.32%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Loews by 92.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider’s stock worth $37,745,000 after acquiring an additional 229,956 shares during the period. Vinva Investment Management Ltd increased its holdings in shares of Loews by 251.8% in the 3rd quarter. Vinva Investment Management Ltd now owns 61,646 shares of the insurance provider’s stock worth $4,864,000 after acquiring an additional 44,123 shares during the period. Glenmede Trust Co. NA increased its holdings in shares of Loews by 20.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,605 shares of the insurance provider’s stock worth $443,000 after acquiring an additional 952 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Loews by 42.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 235,569 shares of the insurance provider’s stock worth $18,622,000 after acquiring an additional 69,836 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Loews in the 3rd quarter worth about $40,000. 58.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on L. StockNews.com upgraded shares of Loews from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Jefferies Financial Group reduced their price objective on shares of Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada upgraded shares of Loews to a “moderate buy” rating in a research note on Friday, July 26th.

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.