Loews Co. (NYSE:L) SVP Kenneth I. Siegel Sells 3,617 Shares

Loews Co. (NYSE:L) SVP Kenneth I. Siegel sold 3,617 shares of Loews stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $54.01, for a total transaction of $195,354.17. Following the completion of the sale, the senior vice president now directly owns 7,538 shares in the company, valued at approximately $407,127.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Loews stock traded down $0.04 during trading on Friday, reaching $54.02. The company had a trading volume of 274,335 shares, compared to its average volume of 877,970. Loews Co. has a 1-year low of $45.87 and a 1-year high of $56.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.33 and a current ratio of 0.33. The firm’s 50-day simple moving average is $52.36 and its 200 day simple moving average is $50.89. The firm has a market capitalization of $16.04 billion, a PE ratio of 17.65 and a beta of 0.64.

Loews (NYSE:L) last announced its earnings results on Monday, February 10th. The insurance provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Loews had a net margin of 6.24% and a return on equity of 4.88%. The company had revenue of $3.88 billion for the quarter. During the same period last year, the firm earned ($0.28) EPS. Analysts anticipate that Loews Co. will post 2.9 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.0625 per share. The ex-dividend date is Tuesday, February 25th. This represents a $0.25 annualized dividend and a yield of 0.46%. Loews’s dividend payout ratio (DPR) is presently 7.00%.

A number of equities research analysts recently issued reports on the stock. TheStreet raised shares of Loews from a “c+” rating to a “b-” rating in a research note on Thursday, January 30th. TD Securities dropped their price target on shares of Loews from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Loews currently has an average rating of “Hold” and a consensus price target of $67.50.

A number of institutional investors and hedge funds have recently made changes to their positions in L. BlackRock Inc. boosted its stake in Loews by 3.8% during the 2nd quarter. BlackRock Inc. now owns 19,005,207 shares of the insurance provider’s stock worth $1,039,014,000 after purchasing an additional 700,123 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Loews by 10.9% during the 3rd quarter. Pacer Advisors Inc. now owns 28,981 shares of the insurance provider’s stock valued at $1,492,000 after acquiring an additional 2,837 shares during the last quarter. DNB Asset Management AS boosted its position in shares of Loews by 8.7% during the 3rd quarter. DNB Asset Management AS now owns 30,398 shares of the insurance provider’s stock valued at $1,565,000 after acquiring an additional 2,432 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Loews by 9.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,924 shares of the insurance provider’s stock valued at $871,000 after acquiring an additional 1,445 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Loews during the 3rd quarter valued at about $470,000. 61.55% of the stock is currently owned by institutional investors.

Loews Company Profile

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally. It operates through CNA Financial Corporation; Diamond Offshore Drilling, Inc; Boardwalk Pipeline Partners, LP; and Loews Hotels Holding Corporation segments. The company offers specialty insurance products, such as management and professional liability insurance coverages and products; surety and fidelity bonds; and warranty and alternative risk services.

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