Loews Co. (NYSE:L - Get Free Report) Director Jonathan M. Tisch sold 47,636 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the completion of the sale, the director now directly owns 6,705,529 shares of the company's stock, valued at approximately $569,165,301.52. This trade represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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
NYSE:L opened at $84.60 on Friday. Loews Co. has a 52 week low of $72.91 and a 52 week high of $88.29. The company has a fifty day simple moving average of $84.70 and a two-hundred day simple moving average of $82.80. 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 company has a market cap of $18.01 billion, a price-to-earnings ratio of 13.22 and a beta of 0.80.
Loews (NYSE:L - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.
Loews Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. Loews's dividend payout ratio is currently 3.91%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Loews during the 4th quarter worth about $9,330,000. Jefferies Financial Group Inc. purchased a new position in Loews in the fourth quarter valued at approximately $651,000. Mackenzie Financial Corp raised its holdings in Loews by 18.0% during the fourth quarter. Mackenzie Financial Corp now owns 29,128 shares of the insurance provider's stock worth $2,467,000 after purchasing an additional 4,452 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Loews by 5.4% in the 4th quarter. Toronto Dominion Bank now owns 97,517 shares of the insurance provider's stock valued at $8,259,000 after buying an additional 5,039 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new position in shares of Loews in the 4th quarter valued at $449,000. Institutional investors and hedge funds own 58.33% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com lowered Loews from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.
Check Out Our Latest Stock Report on L
About Loews
(
Get Free Report)
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.
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