Insider Selling: Loews Co. (NYSE:L) Director Sells 7,533 Shares of Stock

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

Loews Stock Performance

Shares of Loews stock traded down $1.95 during trading on Monday, hitting $82.40. 869,264 shares of the stock were exchanged, compared to its average volume of 761,155. Loews Co. has a 1-year low of $70.23 and a 1-year high of $87.45. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 10.94 and a beta of 0.83. The company has a fifty day moving average price of $83.73 and a 200-day moving average price of $80.34. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48.

Loews Dividend Announcement

The firm also recently disclosed 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 3.32%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Natixis Advisors LLC raised its holdings in Loews by 3.7% in the 2nd quarter. Natixis Advisors LLC now owns 65,008 shares of the insurance provider’s stock valued at $4,859,000 after acquiring an additional 2,330 shares during the period. TD Asset Management Inc lifted its holdings in Loews by 77.9% during the 2nd quarter. TD Asset Management Inc now owns 525,920 shares of the insurance provider’s stock worth $39,307,000 after purchasing an additional 230,231 shares during the last quarter. Savant Capital LLC boosted its stake in Loews by 11.8% in the 2nd quarter. Savant Capital LLC now owns 17,668 shares of the insurance provider’s stock valued at $1,321,000 after purchasing an additional 1,868 shares during the period. Caprock Group LLC grew its holdings in Loews by 25.6% in the 2nd quarter. Caprock Group LLC now owns 21,694 shares of the insurance provider’s stock valued at $1,621,000 after buying an additional 4,415 shares in the last quarter. Finally, Mount Lucas Management LP increased its position in Loews by 43.1% during the 2nd quarter. Mount Lucas Management LP now owns 94,603 shares of the insurance provider’s stock worth $7,071,000 after buying an additional 28,516 shares during the period. 58.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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Loews Company Profile

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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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Insider Buying and Selling by Quarter for Loews (NYSE:L)

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