Loews (NYSE:L) Director Andrew Tisch Sells 50,000 Shares of Stock

Loews Corporation (NYSE:L) Director Andrew Tisch sold 50,000 shares of Loews stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $110.27, for a total value of $5,513,500.00. Following the transaction, the director owned 12,859,642 shares in the company, valued at $1,418,032,723.34. This represents a 0.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Loews Stock Up 1.5%

Shares of Loews stock opened at $110.36 on Wednesday. Loews Corporation has a 1 year low of $78.98 and a 1 year high of $114.90. The company has a market cap of $22.74 billion, a P/E ratio of 13.83 and a beta of 0.61. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $105.77 and a 200 day moving average price of $101.88.

Loews (NYSE:L) last issued its earnings results on Monday, February 9th. The insurance provider reported $1.94 earnings per share for the quarter. The company had revenue of $4.73 billion for the quarter. Loews had a return on equity of 8.86% and a net margin of 9.03%.

Loews Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. Loews’s dividend payout ratio (DPR) is 3.13%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (a-)” rating on shares of Loews in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Institutional Investors Weigh In On Loews

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Loews by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 19,426,064 shares of the insurance provider’s stock worth $2,045,759,000 after buying an additional 108,882 shares during the last quarter. Norges Bank bought a new stake in shares of Loews during the 2nd quarter worth about $665,658,000. Geode Capital Management LLC increased its holdings in shares of Loews by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 4,999,186 shares of the insurance provider’s stock valued at $524,599,000 after acquiring an additional 271,234 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Loews by 9.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,984,234 shares of the insurance provider’s stock valued at $419,581,000 after acquiring an additional 344,995 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Loews by 0.4% in the 3rd quarter. Invesco Ltd. now owns 3,363,861 shares of the insurance provider’s stock worth $337,698,000 after purchasing an additional 12,311 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Company Profile

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.