Loews (NYSE:L) Stock: Insider James Tisch Sells 53,720 Shares

Loews Corporation (NYSE:L) Director James Tisch sold 53,720 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $110.07, for a total value of $5,912,960.40. Following the sale, the director directly owned 11,955,472 shares of the company’s stock, valued at $1,315,938,803.04. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Loews Stock Up 0.0%

L stock opened at $111.87 on Friday. Loews Corporation has a twelve month low of $101.08 and a twelve month high of $121.01. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average is $108.84 and its 200-day moving average is $109.75. The firm has a market capitalization of $22.62 billion, a PE ratio of 15.47 and a beta of 0.49.

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

Loews Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Wednesday, November 25th will be given a dividend of $0.0625 per share. 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, November 25th. Loews’s dividend payout ratio (DPR) is presently 3.46%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Loews

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC grew its stake in shares of Loews by 2.3% in the 1st quarter. NewEdge Advisors LLC now owns 4,168 shares of the insurance provider’s stock valued at $445,000 after buying an additional 95 shares in the last quarter. Lido Advisors LLC raised its position in Loews by 3.9% during the first quarter. Lido Advisors LLC now owns 2,594 shares of the insurance provider’s stock valued at $277,000 after acquiring an additional 97 shares in the last quarter. CX Institutional lifted its stake in Loews by 5.3% in the second quarter. CX Institutional now owns 2,128 shares of the insurance provider’s stock valued at $241,000 after acquiring an additional 107 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Loews by 10.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,306 shares of the insurance provider’s stock valued at $148,000 after acquiring an additional 119 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Loews by 1.2% in the second quarter. GAMMA Investing LLC now owns 11,578 shares of the insurance provider’s stock worth $1,311,000 after acquiring an additional 135 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

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.