Loews Co. (NYSE:L) Director Jonathan M. Tisch Sells 3,691 Shares of Stock

Loews Co. (NYSE:L) Director Jonathan M. Tisch sold 3,691 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Loews Price Performance

Loews stock opened at $85.89 on Tuesday. The stock has a market capitalization of $18.71 billion, a P/E ratio of 11.41 and a beta of 0.83. The company’s fifty day moving average price is $84.68 and its 200 day moving average price is $81.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. Loews Co. has a 1 year low of $72.50 and a 1 year high of $88.29.

Loews (NYSE:L) last announced its earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a net margin of 9.71% and a return on equity of 9.70%.

Institutional Investors Weigh In On Loews

Large investors have recently bought and sold shares of the company. State Street Corp boosted its stake in Loews by 1.0% during the 3rd quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock worth $638,506,000 after purchasing an additional 82,581 shares during the last quarter. Geode Capital Management LLC lifted its position in Loews by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider’s stock worth $336,005,000 after buying an additional 53,428 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Loews by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,191,888 shares of the insurance provider’s stock worth $268,640,000 after buying an additional 8,750 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Loews by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,623,291 shares of the insurance provider’s stock worth $137,477,000 after buying an additional 11,540 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Loews by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,287,833 shares of the insurance provider’s stock valued at $109,067,000 after buying an additional 77,386 shares in the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Loews from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th.

About Loews

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.