Loews Co. (NYSE:L) Director Sells $17,376,630.84 in Stock

Loews Co. (NYSE:LGet Rating) Director Andrew H. Tisch sold 271,044 shares of the stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $64.11, for a total value of $17,376,630.84. Following the transaction, the director now directly owns 14,332,391 shares of the company’s stock, valued at $918,849,587.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Loews stock traded up $0.27 during trading hours on Wednesday, reaching $64.20. The company had a trading volume of 1,487,196 shares, compared to its average volume of 857,845. Loews Co. has a one year low of $51.35 and a one year high of $68.20. The business has a fifty day simple moving average of $64.15 and a 200 day simple moving average of $60.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $15.80 billion, a PE ratio of 9.93 and a beta of 0.85.

Loews (NYSE:LGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The insurance provider reported $1.37 EPS for the quarter. Loews had a return on equity of 6.47% and a net margin of 11.46%. The firm had revenue of $3.40 billion during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 7th. Stockholders of record on Wednesday, May 25th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Tuesday, May 24th. Loews’s payout ratio is currently 3.88%.

Institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Loews in the fourth quarter worth $424,424,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Loews in the fourth quarter worth $185,892,000. National Pension Service raised its position in shares of Loews by 2,042.1% in the first quarter. National Pension Service now owns 385,399 shares of the insurance provider’s stock worth $24,982,000 after buying an additional 367,407 shares in the last quarter. Millennium Management LLC raised its position in shares of Loews by 521.7% in the third quarter. Millennium Management LLC now owns 428,855 shares of the insurance provider’s stock worth $23,128,000 after buying an additional 359,872 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Loews by 46.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,033,282 shares of the insurance provider’s stock worth $55,725,000 after buying an additional 325,393 shares in the last quarter. 61.13% of the stock is owned by hedge funds and other institutional investors.

Separately, StockNews.com raised Loews from a “hold” rating to a “buy” rating in a report on Monday, May 9th.

Loews Company Profile (Get Rating)

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 property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages.

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

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