Loews (NYSE:L) Director Dino Robusto Buys 5,000 Shares of Stock

Loews Corporation (NYSE:L) Director Dino Robusto purchased 5,000 shares of Loews stock in a transaction on Friday, May 29th. The stock was bought at an average price of $104.74 per share, for a total transaction of $523,700.00. Following the transaction, the director directly owned 10,235 shares in the company, valued at approximately $1,072,013.90. The trade was a 95.51% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Loews Stock Up 0.3%

Shares of Loews stock opened at $103.89 on Tuesday. Loews Corporation has a one year low of $86.77 and a one year high of $114.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.36 and a quick ratio of 0.36. The stock’s 50-day moving average is $107.91 and its 200 day moving average is $106.99. The firm has a market cap of $21.38 billion, a price-to-earnings ratio of 13.20 and a beta of 0.53.

Loews (NYSE:L) last announced its earnings results on Monday, May 4th. The insurance provider reported $1.63 EPS for the quarter. Loews had a return on equity of 8.51% and a net margin of 8.83%.The company had revenue of $4.56 billion for the quarter.

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be given a dividend of $0.0625 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. Loews’s dividend payout ratio is presently 3.18%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Loews in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Institutional Trading of Loews

Several institutional investors and hedge funds have recently modified their holdings of L. DV Equities LLC purchased a new stake in shares of Loews in the fourth quarter worth approximately $25,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Loews in the fourth quarter worth approximately $27,000. Harbor Investment Advisory LLC purchased a new stake in shares of Loews in the fourth quarter worth approximately $30,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in shares of Loews in the third quarter worth approximately $30,000. Finally, Private Trust Co. NA raised its stake in shares of Loews by 896.7% in the fourth quarter. Private Trust Co. NA now owns 299 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 269 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

About Loews

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.