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

Loews Co. (NYSE:L) Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total value of $635,408.55. Following the completion of the sale, the director now owns 1,568,191 shares in the company, valued at $132,276,910.85. This trade represents a 0.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Loews Price Performance

Shares of NYSE:L opened at $82.91 on Wednesday. The company’s fifty day moving average price is $83.83 and its 200-day moving average price is $80.42. 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 firm has a market capitalization of $18.06 billion, a price-to-earnings ratio of 11.01 and a beta of 0.83. Loews Co. has a one year low of $70.23 and a one year high of $87.45.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 27th were given 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 payout ratio is 3.32%.

Hedge Funds Weigh In On Loews

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brooklyn Investment Group purchased a new position in Loews in the 3rd quarter worth $40,000. Eastern Bank bought a new position in shares of Loews during the third quarter valued at about $47,000. Kimelman & Baird LLC purchased a new position in shares of Loews in the second quarter worth about $45,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Loews in the 3rd quarter valued at about $49,000. Finally, Quest Partners LLC bought a new stake in shares of Loews in the 3rd quarter valued at about $129,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.