Loews Co. (NYSE:L – Get Free Report) Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $84.66, for a total value of $4,233,000.00. Following the sale, the director now directly owns 6,755,529 shares of the company’s stock, valued at $571,923,085.14. The trade was a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
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 Trading Up 0.7 %
Shares of L stock opened at $84.60 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm has a market cap of $18.01 billion, a P/E ratio of 13.22 and a beta of 0.80. The company has a 50 day moving average of $84.70 and a 200-day moving average of $82.80. Loews Co. has a 12-month low of $72.91 and a 12-month high of $88.29.
Loews Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Wednesday, February 26th. Loews’s dividend payout ratio is currently 3.91%.
Hedge Funds Weigh In On Loews
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC bought a new position in shares of Loews in the fourth quarter worth $26,000. Minot DeBlois Advisors LLC bought a new position in Loews in the 4th quarter worth about $27,000. Itau Unibanco Holding S.A. boosted its stake in Loews by 387.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 345 shares during the period. Brooklyn Investment Group purchased a new position in Loews during the 3rd quarter valued at about $40,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Loews during the third quarter valued at about $49,000. Institutional investors own 58.33% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of 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.
See Also
- Five stocks we like better than Loews
- Options Trading – Understanding Strike Price
- 3 Undervalued Stocks You Can Buy at a Discount Now
- There Are Different Types of Stock To Invest In
- AMD Stock: Can the PC Refresh Cycle Spark a Rally?
- Breakout Stocks: What They Are and How to Identify Them
- Micron Stock Spikes 7%—3 Key Catalysts Behind the Move
Receive News & Ratings for Loews Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loews and related companies with MarketBeat.com's FREE daily email newsletter.