Loews Co. (NYSE:L) CAO Mark S. Schwartz Sells 6,319 Shares of Stock

Loews Co. (NYSE:L) CAO Mark S. Schwartz sold 6,319 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $53.99, for a total transaction of $341,162.81. Following the sale, the chief accounting officer now directly owns 4,725 shares in the company, valued at approximately $255,102.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Loews stock opened at $54.19 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.51. Loews Co. has a twelve month low of $46.29 and a twelve month high of $56.88. The stock has a market cap of $15.56 billion, a price-to-earnings ratio of 17.71 and a beta of 0.64. The company’s fifty day moving average is $52.36 and its 200 day moving average is $50.89.

Loews (NYSE:L) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Loews had a net margin of 6.24% and a return on equity of 4.88%. The company had revenue of $3.88 billion for the quarter. During the same period in the prior year, the firm earned ($0.28) EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 26th will be paid a $0.0625 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.46%. Loews’s dividend payout ratio is 7.00%.

A number of research firms have weighed in on L. TD Securities decreased their target price on shares of Loews from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. TheStreet raised shares of Loews from a “c+” rating to a “b-” rating in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $67.50.

Several institutional investors have recently modified their holdings of L. Citizens Financial Group Inc RI lifted its holdings in Loews by 346.3% in the fourth quarter. Citizens Financial Group Inc RI now owns 482 shares of the insurance provider’s stock valued at $25,000 after buying an additional 374 shares during the period. TCI Wealth Advisors Inc. lifted its holdings in Loews by 100.0% in the fourth quarter. TCI Wealth Advisors Inc. now owns 600 shares of the insurance provider’s stock valued at $31,000 after buying an additional 300 shares during the period. Clear Harbor Asset Management LLC acquired a new position in Loews in the fourth quarter valued at $41,000. Meeder Asset Management Inc. lifted its holdings in Loews by 267.9% in the third quarter. Meeder Asset Management Inc. now owns 883 shares of the insurance provider’s stock valued at $45,000 after buying an additional 643 shares during the period. Finally, Fieldpoint Private Securities LLC lifted its holdings in Loews by 111.8% in the fourth quarter. Fieldpoint Private Securities LLC now owns 900 shares of the insurance provider’s stock valued at $47,000 after buying an additional 475 shares during the period. 61.55% of the stock is currently owned by institutional investors.

Loews Company Profile

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally. It operates through CNA Financial Corporation; Diamond Offshore Drilling, Inc; Boardwalk Pipeline Partners, LP; and Loews Hotels Holding Corporation segments. The company offers specialty insurance products, such as management and professional liability insurance coverages and products; surety and fidelity bonds; and warranty and alternative risk services.

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Insider Buying and Selling by Quarter for Loews (NYSE:L)

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