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

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

Loews Price Performance

Loews stock opened at $82.72 on Monday. The firm has a market cap of $17.61 billion, a P/E ratio of 12.93 and a beta of 0.83. The stock’s 50 day moving average is $84.37 and its 200 day moving average is $82.21. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. Loews has a one year low of $72.91 and a one year high of $88.29.

Loews (NYSE:L) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Insiders Place Their Bets

In related news, Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles M. Diker sold 1,146 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $86.83, for a total value of $99,507.18. Following the completion of the transaction, the director now owns 19,906 shares in the company, valued at approximately $1,728,437.98. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,370 shares of company stock worth $1,055,627. 18.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Loews from a “buy” rating to a “hold” rating in a research 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.