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

Loews Co. (NYSE:L) declared a quarterly dividend on Tuesday, November 12th,RTT News reports. Investors of record on Wednesday, November 27th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, December 10th. This represents a $0.25 annualized dividend and a yield of 0.30%.

Loews Trading Down 0.1 %

Shares of NYSE:L traded down $0.12 during midday trading on Tuesday, hitting $83.09. The company had a trading volume of 317,036 shares, compared to its average volume of 709,031. Loews has a 12 month low of $65.70 and a 12 month high of $84.56. The firm has a fifty day simple moving average of $79.66 and a 200 day simple moving average of $77.92. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. The stock has a market cap of $18.10 billion, a price-to-earnings ratio of 11.05 and a beta of 0.82.

Analysts Set New Price Targets

A number of analysts recently weighed in on L shares. Royal Bank of Canada upgraded shares of Loews to a “moderate buy” rating in a research report on Friday, July 26th. Jefferies Financial Group cut their price target on Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st.

Insider Activity at Loews

In related news, insider Jonathan M. Tisch sold 25,000 shares of Loews stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the completion of the transaction, the insider now owns 461,395 shares in the company, valued at approximately $37,751,338.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Loews news, insider Jonathan M. Tisch sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the completion of the sale, the insider now owns 461,395 shares of the company’s stock, valued at $37,751,338.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jonathan M. Tisch sold 62,500 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $80.84, for a total transaction of $5,052,500.00. Following the completion of the transaction, the insider now owns 6,781,634 shares in the company, valued at approximately $548,227,292.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,587 shares of company stock valued at $7,186,460. Insiders own 18.70% of the company’s stock.

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.