Loews Co. Declares Quarterly Dividend of $0.06 (NYSE:L)

Loews Co. (NYSE:L) declared a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Investors of record on Wednesday, February 26th will be given a dividend of 0.0625 per share by the insurance provider on Tuesday, March 11th. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Wednesday, February 26th.

Loews Price Performance

NYSE:L traded down $1.88 during trading hours on Wednesday, hitting $82.97. The stock had a trading volume of 1,004,988 shares, compared to its average volume of 685,950. The company has a 50 day simple moving average of $84.65 and a two-hundred day simple moving average of $81.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34. Loews has a one year low of $72.50 and a one year high of $88.29. The firm has a market capitalization of $18.07 billion, a price-to-earnings ratio of 11.02 and a beta of 0.83.

Loews (NYSE:L) 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 net margin of 9.71% and a return on equity of 9.70%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Loews from a “buy” rating to a “hold” rating in a report on Tuesday.

Insider Transactions at Loews

In other Loews news, Director Andrew H. Tisch sold 50,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $83.26, for a total value of $4,163,000.00. Following the completion of the sale, the director now directly owns 11,939,677 shares of the company’s stock, valued at $994,097,507.02. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,370 shares of company stock valued at $5,218,627. Insiders own 18.70% of the company’s stock.

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.