Insider Selling: Loews Co. (NYSE:L) Director Sells $4,254,000.00 in Stock

Loews Co. (NYSE:L) Director Jonathan M. Tisch sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the sale, the director now owns 7,105,529 shares of the company’s stock, valued at approximately $604,538,407.32. The trade was a 0.70 % decrease in their ownership of the stock. The transaction 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 transaction of $320,710.99.

Loews Stock Performance

Shares of Loews stock opened at $86.56 on Friday. The stock has a market capitalization of $18.43 billion, a price-to-earnings ratio of 13.53 and a beta of 0.83. 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 Co. has a 12 month low of $72.91 and a 12 month high of $88.29. The firm’s fifty day simple moving average is $84.60 and its 200-day simple moving average is $82.44.

Loews (NYSE:L) last announced 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%.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. Loews’s dividend payout ratio is currently 3.91%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Loews

Hedge funds have recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Loews in the fourth quarter worth approximately $26,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Loews during the fourth quarter valued at approximately $27,000. Itau Unibanco Holding S.A. raised its stake in shares of Loews by 387.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 345 shares during the period. Brooklyn Investment Group bought a new stake in shares of Loews in the third quarter worth $40,000. Finally, Human Investing LLC bought a new stake in shares of Loews in the fourth quarter worth $51,000. 58.33% of the stock is owned by institutional investors and hedge funds.

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.