Loews Co. (NYSE:L) Director Andrew H. Tisch Sells 75,000 Shares

Loews Co. (NYSE:L) Director Andrew H. Tisch sold 75,000 shares of Loews stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $83.16, for a total value of $6,237,000.00. Following the completion of the sale, the director now directly owns 12,089,677 shares of the company’s stock, valued at approximately $1,005,377,539.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Loews Stock Performance

Shares of NYSE:L opened at $83.21 on Thursday. The firm has a market capitalization of $18.12 billion, a PE ratio of 11.06 and a beta of 0.82. Loews Co. has a 12 month low of $65.92 and a 12 month high of $84.56. 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 business has a 50-day moving average of $79.68 and a two-hundred day moving average of $77.98.

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. Loews’s dividend payout ratio (DPR) is 3.32%.

Institutional Investors Weigh In On Loews

Several institutional investors have recently bought and sold shares of L. Glenmede Trust Co. NA lifted its stake in shares of Loews by 20.5% during the third quarter. Glenmede Trust Co. NA now owns 5,605 shares of the insurance provider’s stock worth $443,000 after purchasing an additional 952 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Loews by 42.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 235,569 shares of the insurance provider’s stock valued at $18,622,000 after buying an additional 69,836 shares during the period. Brooklyn Investment Group acquired a new position in Loews during the 3rd quarter worth approximately $40,000. Dynamic Technology Lab Private Ltd purchased a new position in Loews in the 3rd quarter worth approximately $674,000. Finally, Daiwa Securities Group Inc. grew its position in Loews by 11.3% in the third quarter. Daiwa Securities Group Inc. now owns 22,632 shares of the insurance provider’s stock valued at $1,789,000 after acquiring an additional 2,304 shares in the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Jefferies Financial Group decreased their price target on Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. StockNews.com raised shares of Loews from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada upgraded shares of Loews to a “moderate buy” rating in a report on Friday, July 26th.

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.