Loews (NYSE:L) Director Ann Berman Sells 1,922 Shares

Loews Corporation (NYSE:L) Director Ann Berman sold 1,922 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $110.16, for a total value of $211,727.52. Following the transaction, the director directly owned 4,998 shares in the company, valued at approximately $550,579.68. This trade represents a 27.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Loews Stock Up 0.2%

Loews stock traded up $0.17 during mid-day trading on Wednesday, reaching $110.13. The stock had a trading volume of 685,948 shares, compared to its average volume of 736,502. Loews Corporation has a fifty-two week low of $78.98 and a fifty-two week high of $114.90. The firm has a market capitalization of $22.76 billion, a PE ratio of 13.80 and a beta of 0.61. The stock’s 50-day simple moving average is $105.15 and its 200-day simple moving average is $101.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.35 and a current ratio of 0.35.

Loews (NYSE:L) last announced its earnings results on Monday, February 9th. The insurance provider reported $1.94 earnings per share (EPS) for the quarter. Loews had a return on equity of 8.99% and a net margin of 9.03%.The company had revenue of $4.73 billion for the quarter.

Loews Dividend Announcement

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

Institutional Trading of Loews

A number of large investors have recently modified their holdings of L. Zions Bancorporation National Association UT grew its stake in Loews by 246.0% in the 4th quarter. Zions Bancorporation National Association UT now owns 948 shares of the insurance provider’s stock worth $100,000 after buying an additional 674 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Loews by 1.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 37,579 shares of the insurance provider’s stock worth $3,957,000 after acquiring an additional 364 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Loews by 37.9% during the 4th quarter. Deutsche Bank AG now owns 670,618 shares of the insurance provider’s stock worth $70,623,000 after acquiring an additional 184,152 shares during the last quarter. LPL Financial LLC increased its stake in Loews by 11.0% in the fourth quarter. LPL Financial LLC now owns 108,214 shares of the insurance provider’s stock valued at $11,396,000 after acquiring an additional 10,762 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in Loews by 3.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 51,702 shares of the insurance provider’s stock valued at $5,445,000 after acquiring an additional 1,816 shares during the last quarter. Institutional investors own 58.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Loews

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.