Loews Co. (NYSE:L) Director Andrew H. Tisch Sells 75,000 Shares

Loews Co. (NYSE:L) Director Andrew H. Tisch sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $83.16, for a total value of $6,237,000.00. Following the completion of the transaction, the director now owns 12,089,677 shares of the company’s stock, valued at approximately $1,005,377,539.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Loews Stock Performance

Shares of NYSE L traded up $0.24 during midday trading on Wednesday, hitting $83.21. 795,720 shares of the company’s stock were exchanged, compared to its average volume of 714,360. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average price is $79.68 and its 200 day moving average price is $77.98. Loews Co. has a 12 month low of $65.92 and a 12 month high of $84.56. The firm has a market capitalization of $18.12 billion, a PE ratio of 11.06 and a beta of 0.82.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Wednesday, November 27th. Loews’s payout ratio is 3.32%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on L. StockNews.com raised shares of Loews from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Jefferies Financial Group cut their price target on shares of Loews from $115.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada upgraded shares of Loews to a “moderate buy” rating in a research note on Friday, July 26th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Loews by 2.5% during the first quarter. Vanguard Group Inc. now owns 21,156,933 shares of the insurance provider’s stock worth $1,656,376,000 after buying an additional 507,513 shares in the last quarter. Swedbank AB acquired a new position in shares of Loews during the 1st quarter worth approximately $23,646,000. TD Asset Management Inc grew its position in shares of Loews by 77.9% during the 2nd quarter. TD Asset Management Inc now owns 525,920 shares of the insurance provider’s stock worth $39,307,000 after purchasing an additional 230,231 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Loews by 106.3% during the second quarter. Bank of Montreal Can now owns 353,160 shares of the insurance provider’s stock worth $27,338,000 after purchasing an additional 182,009 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Loews in the second quarter valued at approximately $13,379,000. 58.33% of the stock is owned by institutional investors.

Loews Company Profile

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