Key Points
- Andrew Tisch sold 50,000 shares of Loews on March 11 at an average price of $108.81 for proceeds of $5.44 million, reducing his stake by 0.40% to 12,480,400 shares; the sale was disclosed in an SEC filing.
- Loews shares traded around $108 (opened at $108.02) with a 52‑week range of $78.98–$114.90, a market capitalization of $22.26 billion and a P/E ratio of 13.54.
- Loews reported quarterly EPS of $1.94 on $4.73 billion in revenue and paid a quarterly dividend of $0.0625 per share (annualized $0.25, ~0.2% yield), while analysts maintain a consensus rating of "Strong Buy".
Loews Corporation (NYSE:L - Get Free Report) Director Andrew Tisch sold 50,000 shares of Loews stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $108.81, for a total transaction of $5,440,500.00. Following the sale, the director directly owned 12,480,400 shares of the company's stock, valued at $1,357,992,324. This represents a 0.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Loews Stock Down 0.4%
Shares of NYSE L opened at $108.02 on Friday. Loews Corporation has a 52-week low of $78.98 and a 52-week high of $114.90. The firm has a market capitalization of $22.26 billion, a price-to-earnings ratio of 13.54 and a beta of 0.60. The stock has a 50 day moving average price of $107.14 and a 200 day moving average price of $103.62. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.36 and a current ratio of 0.36.
Loews (NYSE:L - Get Free Report) last released its quarterly earnings data on Monday, February 9th. The insurance provider reported $1.94 EPS for the quarter. The company had revenue of $4.73 billion for the quarter. Loews had a return on equity of 8.86% and a net margin of 9.03%.
Loews Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.0625 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. Loews's dividend payout ratio (DPR) is currently 3.13%.
Hedge Funds Weigh In On Loews
A number of large investors have recently bought and sold shares of the business. Hancock Whitney Corp boosted its position in Loews by 3.9% during the 3rd quarter. Hancock Whitney Corp now owns 2,618 shares of the insurance provider's stock valued at $263,000 after acquiring an additional 98 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of Loews by 0.3% in the 4th quarter. IFM Investors Pty Ltd now owns 31,867 shares of the insurance provider's stock worth $3,356,000 after acquiring an additional 100 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Loews by 6.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,606 shares of the insurance provider's stock worth $161,000 after acquiring an additional 104 shares in the last quarter. Moody Lynn & Lieberson LLC lifted its stake in shares of Loews by 2.9% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 3,678 shares of the insurance provider's stock worth $369,000 after purchasing an additional 105 shares during the last quarter. Finally, Independent Advisor Alliance lifted its stake in shares of Loews by 4.3% during the 4th quarter. Independent Advisor Alliance now owns 2,603 shares of the insurance provider's stock worth $274,000 after purchasing an additional 107 shares during the last quarter. Institutional investors own 58.33% of the company's stock.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "buy (a-)" rating on shares of Loews in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Loews currently has a consensus rating of "Strong Buy".
Check Out Our Latest Stock Report on Loews
About Loews
(
Get Free Report)
Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.
One of Loews' principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.
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