Loews Co. (NYSE:L) Plans Quarterly Dividend of $0.06

Loews Co. (NYSE:L) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Stockholders of record on Wednesday, February 26th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, March 11th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Wednesday, February 26th.

Loews Stock Performance

NYSE:L opened at $82.97 on Thursday. The firm has a market capitalization of $18.07 billion, a PE ratio of 11.02 and a beta of 0.83. Loews has a 1 year low of $72.50 and a 1 year high of $88.29. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. The firm’s fifty day simple moving average is $84.65 and its 200 day simple moving average is $81.93.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Loews from a “buy” rating to a “hold” rating in a research report on Tuesday.

Insider Buying and Selling at Loews

In other news, Director Jonathan M. Tisch sold 3,691 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew H. Tisch sold 50,000 shares of Loews stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $83.26, for a total transaction of $4,163,000.00. Following the sale, the director now owns 11,939,677 shares in the company, valued at approximately $994,097,507.02. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,370 shares of company stock valued at $5,218,627 in the last ninety days. Company insiders own 18.70% 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.