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

Loews Co. (NYSE:L) Director Andrew H. Tisch sold 7,533 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total transaction of $635,408.55. Following the completion of the sale, the director now directly owns 1,568,191 shares in the company, valued at approximately $132,276,910.85. This trade represents a 0.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Loews Price Performance

Shares of Loews stock opened at $82.91 on Wednesday. The business has a 50 day moving average of $83.83 and a 200 day moving average of $80.42. Loews Co. has a 52 week low of $70.23 and a 52 week high of $87.45. The company has a market cap of $18.06 billion, a PE ratio of 11.01 and a beta of 0.83. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were given a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.25 annualized dividend and a dividend yield of 0.30%. Loews’s dividend payout ratio is 3.32%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Loews

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in Loews by 1.0% during the 3rd quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock valued at $638,506,000 after acquiring an additional 82,581 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Loews by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider’s stock valued at $336,005,000 after purchasing an additional 53,428 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Loews by 2.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,183,138 shares of the insurance provider’s stock valued at $251,627,000 after purchasing an additional 69,459 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Loews by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,673,906 shares of the insurance provider’s stock worth $199,858,000 after purchasing an additional 161,810 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Loews by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock worth $127,409,000 after purchasing an additional 8,615 shares in the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

About Loews

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.