Loews Co. (NYSE:L) Director Andrew H. Tisch Sells 7,533 Shares

Loews Co. (NYSE:L) Director Andrew H. Tisch sold 7,533 shares of the 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 transaction, the director now owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Loews Trading Down 2.3 %

NYSE:L opened at $82.40 on Tuesday. Loews Co. has a 1 year low of $70.23 and a 1 year high of $87.45. The stock’s fifty day moving average price is $83.77 and its two-hundred day moving average price is $80.38. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $17.94 billion, a P/E ratio of 10.94 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 paid a $0.0625 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.25 annualized dividend and a yield of 0.30%. Loews’s dividend payout ratio is currently 3.32%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Loews

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group purchased a new stake in shares of Loews in the third quarter worth $40,000. Kimelman & Baird LLC bought a new position in Loews in the 2nd quarter worth about $45,000. Eastern Bank purchased a new stake in shares of Loews in the 3rd quarter valued at about $47,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Loews during the 3rd quarter valued at about $49,000. Finally, Quest Partners LLC purchased a new position in shares of Loews during the third quarter worth about $129,000. 58.33% of the stock is currently owned by 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.