Insider Selling: Loews Corporation (L) Insider Sells 7,800 Shares of Stock

Loews Corporation (NYSE:L) insider Jonathan M. Tisch sold 7,800 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $47.51, for a total value of $370,578.00. Following the completion of the transaction, the insider now directly owns 2,990,022 shares of the company’s stock, valued at approximately $142,055,945.22. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Loews Corporation (L) traded up $0.58 during mid-day trading on Tuesday, reaching $48.09. The company had a trading volume of 1,600,000 shares, compared to its average volume of 1,450,000. Loews Corporation has a one year low of $45.01 and a one year high of $53.59. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.46. The company has a market cap of $16,190.00, a price-to-earnings ratio of 16.81 and a beta of 0.71.

Loews (NYSE:L) last posted its quarterly earnings data on Monday, February 12th. The insurance provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.12. Loews had a return on equity of 4.08% and a net margin of 7.04%. The company had revenue of $3.56 billion during the quarter. During the same period last year, the business earned $0.73 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. equities research analysts predict that Loews Corporation will post 2.8 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Wednesday, February 28th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.52%. Loews’s dividend payout ratio (DPR) is presently 8.74%.

A number of hedge funds have recently bought and sold shares of L. Focused Wealth Management Inc boosted its stake in Loews by 187.5% during the 4th quarter. Focused Wealth Management Inc now owns 2,300 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 1,500 shares during the last quarter. Calton & Associates Inc. purchased a new stake in Loews during the 4th quarter valued at $137,000. Tower Research Capital LLC TRC boosted its stake in Loews by 387.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,826 shares of the insurance provider’s stock valued at $142,000 after purchasing an additional 2,246 shares during the last quarter. Stuart Chaussee & Associates Inc. purchased a new stake in Loews during the 4th quarter valued at $167,000. Finally, Saratoga Research & Investment Management purchased a new stake in Loews during the 3rd quarter valued at $176,000. 59.43% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on L shares. Zacks Investment Research raised Loews from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. ValuEngine lowered Loews from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Desjardins lowered Loews to a “hold” rating and set a $76.00 price objective for the company. in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $56.00.

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Loews Company Profile

Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.

Insider Buying and Selling by Quarter for Loews (NYSE:L)

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