Loews (NYSE:L) Director Sells $5,513,500.00 in Stock

Loews Corporation (NYSE:L) Director Andrew Tisch sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $110.27, for a total transaction of $5,513,500.00. Following the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Loews Price Performance

Shares of L stock traded up $1.58 during trading hours on Tuesday, reaching $110.36. The company’s stock had a trading volume of 770,722 shares, compared to its average volume of 759,026. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.43. Loews Corporation has a fifty-two week low of $78.98 and a fifty-two week high of $114.90. The company has a market capitalization of $22.74 billion, a price-to-earnings ratio of 13.83 and a beta of 0.61. The firm’s 50 day simple moving average is $105.61 and its 200-day simple moving average is $101.73.

Loews (NYSE:L) last released its earnings results on Monday, February 9th. The insurance provider reported $1.94 earnings per share (EPS) for the quarter. The firm 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SJS Investment Consulting Inc. lifted its holdings in shares of Loews by 880.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 229 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Loews in the second quarter valued at $27,000. Harbor Capital Advisors Inc. acquired a new position in shares of Loews during the fourth quarter valued at about $27,000. Harbor Investment Advisory LLC bought a new stake in Loews during the 4th quarter worth approximately $30,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Loews during the third quarter valued at approximately $30,000. 58.33% of the stock is owned by institutional investors.

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.