Loews Co. (NYSE:L) Director Sells $635,408.55 in Stock

Loews Co. (NYSE:L) Director Andrew H. Tisch sold 7,533 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total value of $635,408.55. Following the completion of the sale, the director now directly owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Loews Stock Up 0.8 %

Loews stock opened at $83.58 on Thursday. Loews Co. has a 1-year low of $70.23 and a 1-year high of $87.45. The firm has a 50 day simple moving average of $83.89 and a 200 day simple moving average of $80.45. 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 firm has a market capitalization of $18.20 billion, a price-to-earnings ratio of 11.10 and a beta of 0.83.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.0625 per share. 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, November 27th. Loews’s payout ratio is presently 3.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Loews from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th.

Institutional Investors Weigh In On Loews

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brooklyn Investment Group bought a new position in Loews in the 3rd quarter worth about $40,000. Kimelman & Baird LLC bought a new position in shares of Loews in the second quarter worth approximately $45,000. Eastern Bank purchased a new stake in Loews in the third quarter valued at approximately $47,000. Wilmington Savings Fund Society FSB bought a new stake in Loews during the third quarter valued at approximately $49,000. Finally, Quest Partners LLC purchased a new position in Loews in the 3rd quarter worth approximately $129,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

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.