Loews Co. (NYSE:L) Director Andrew H. Tisch Sells 7,533 Shares

Loews Co. (NYSE:L) Director Andrew H. Tisch sold 7,533 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $84.35, for a total value of $635,408.55. Following the transaction, the director now directly owns 1,568,191 shares in the company, valued at approximately $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Loews Price Performance

L opened at $83.58 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34. The stock’s 50 day simple moving average is $83.89 and its 200 day simple moving average is $80.45. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 11.10 and a beta of 0.83. Loews Co. has a 1 year low of $70.23 and a 1 year high of $87.45.

Loews Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Loews

Several institutional investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of Loews during the third quarter valued at about $40,000. Eastern Bank purchased a new position in Loews during the 3rd quarter valued at about $47,000. Kimelman & Baird LLC bought a new position in Loews during the 2nd quarter valued at approximately $45,000. Wilmington Savings Fund Society FSB purchased a new stake in Loews in the 3rd quarter worth approximately $49,000. Finally, Quest Partners LLC bought a new stake in shares of Loews in the 3rd quarter worth approximately $129,000. Hedge funds and other institutional investors own 58.33% of the company’s stock.

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.