Loews (NYSE:L) Stock: Insider James Tisch Sells 196,280 Shares

Loews Corporation (NYSE:L) Director James Tisch sold 196,280 shares of Loews stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $110.57, for a total value of $21,702,679.60. Following the completion of the transaction, the director directly owned 2,809,389 shares in the company, valued at $310,634,141.73. This trade represents a 6.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Loews Trading Up 0.3%

L stock traded up $0.38 during midday trading on Thursday, hitting $111.89. The company had a trading volume of 441,323 shares, compared to its average volume of 786,746. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.44. Loews Corporation has a 52 week low of $101.08 and a 52 week high of $121.01. The stock’s 50 day moving average price is $108.74 and its 200 day moving average price is $109.66. The stock has a market cap of $22.63 billion, a price-to-earnings ratio of 15.48 and a beta of 0.49.

Loews (NYSE:L) last released its quarterly earnings data on Monday, November 2nd. The insurance provider reported $1.50 earnings per share for the quarter. Loews had a return on equity of 7.60% and a net margin of 7.93%. The firm had revenue of $4.76 billion during the quarter.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $0.25 annualized dividend and a yield of 0.2%. Loews’s dividend payout ratio is presently 3.46%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. AlphaGrep UK Ltd raised its holdings in shares of Loews by 43.8% during the third quarter. AlphaGrep UK Ltd now owns 4,878 shares of the insurance provider’s stock valued at $509,000 after acquiring an additional 1,485 shares in the last quarter. Meeder Advisory Services Inc. increased its position in Loews by 12.6% during the 3rd quarter. Meeder Advisory Services Inc. now owns 6,665 shares of the insurance provider’s stock valued at $696,000 after purchasing an additional 748 shares during the period. DiPaolo Financial Group Inc. purchased a new position in Loews during the 3rd quarter valued at $29,000. E Fund Management Hong Kong Co. Ltd. increased its position in Loews by 301.4% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 208 shares during the period. Finally, Kayne Anderson Capital Advisors LP raised its holdings in Loews by 76.5% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 43,680 shares of the insurance provider’s stock worth $4,562,000 after purchasing an additional 18,936 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Loews from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, Loews has a consensus rating of “Buy”.

Loews Company Profile

Loews Corporation is a diversified holding company with businesses in insurance, energy infrastructure and hospitality. Its subsidiaries operate independently, while Loews provides corporate oversight and capital allocation. CNA Financial provides commercial property and casualty insurance, along with related services, to businesses and organizations. Boardwalk Pipelines operates natural gas pipeline and storage infrastructure, primarily in the United States. Loews Hotels & Co owns and operates hotels and resorts, principally in North America.