Key Points
- Andrew Tisch, a Loews director, sold 40,000 shares on Dec. 1 at an average price of $107.05 for a total of $4,282,000, and still holds 13,019,642 shares (a 0.31% reduction valued at about $1.394 billion).
- Loews announced a quarterly dividend of $0.0625 (annualized $0.25) with an ex-dividend/record date of Nov. 26 and a payment on Dec. 9, implying a yield of about 0.2%.
- The company has a market cap of $21.86 billion and a trailing PE of 15.33, reported EPS of $2.43 and $4.67 billion in revenue last quarter, and carries a consensus "Strong Buy" rating with Weiss Ratings reiterating a Buy (A-).
Loews Corporation (NYSE:L - Get Free Report) Director Andrew Tisch sold 30,000 shares of Loews stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $105.57, for a total transaction of $3,167,100.00. Following the sale, the director owned 12,989,642 shares of the company's stock, valued at $1,371,316,505.94. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Loews Stock Performance
Shares of L stock opened at $105.76 on Thursday. The business has a fifty day moving average of $102.37 and a 200 day moving average of $95.91. Loews Corporation has a 1 year low of $78.98 and a 1 year high of $109.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $21.86 billion, a price-to-earnings ratio of 15.33 and a beta of 0.62.
Loews (NYSE:L - Get Free Report) last announced its quarterly earnings data on Monday, November 3rd. The insurance provider reported $2.43 earnings per share for the quarter. Loews had a return on equity of 7.89% and a net margin of 7.95%.The business had revenue of $4.67 billion for the quarter.
Loews Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 26th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. Loews's dividend payout ratio (DPR) is currently 3.62%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a "buy (a-)" rating on shares of Loews in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Strong Buy".
Get Our Latest Stock Analysis on L
Institutional Investors Weigh In On Loews
A number of institutional investors and hedge funds have recently bought and sold shares of L. Cetera Investment Advisers lifted its holdings in Loews by 9.3% in the 1st quarter. Cetera Investment Advisers now owns 4,663 shares of the insurance provider's stock valued at $429,000 after purchasing an additional 398 shares in the last quarter. LPL Financial LLC lifted its stake in Loews by 22.3% in the first quarter. LPL Financial LLC now owns 49,659 shares of the insurance provider's stock valued at $4,564,000 after buying an additional 9,069 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Loews by 2.1% during the first quarter. Natixis Advisors LLC now owns 63,430 shares of the insurance provider's stock worth $5,830,000 after buying an additional 1,316 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Loews by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 40,736 shares of the insurance provider's stock worth $3,744,000 after purchasing an additional 465 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Loews in the first quarter valued at $95,000. 58.33% of the stock is owned by hedge funds and other institutional investors.
Loews Company Profile
(
Get Free Report)
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.
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