Loews (NYSE:L) Stock: Insider Mark Schwartz Sells 3,725 Shares

Loews Corporation (NYSE:L) VP Mark Schwartz sold 3,725 shares of the business’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $111.17, for a total value of $414,108.25. Following the completion of the transaction, the vice president owned 8,355 shares of the company’s stock, valued at $928,825.35. This represents a 30.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Loews Stock Performance

Shares of NYSE:L traded up $0.38 during midday trading on Thursday, reaching $111.89. 441,323 shares of the company’s stock traded hands, compared to its average volume of 786,746. The company has a market cap of $22.63 billion, a price-to-earnings ratio of 15.48 and a beta of 0.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.36 and a current ratio of 0.36. Loews Corporation has a one year low of $101.08 and a one year high of $121.01. The stock has a 50 day moving average of $108.74 and a 200 day moving average of $109.66.

Loews (NYSE:L) last released its quarterly earnings data on Monday, November 2nd. The insurance provider reported $1.50 EPS for the quarter. Loews had a return on equity of 7.60% and a net margin of 7.93%. The company had revenue of $4.76 billion for the quarter.

Loews Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Shareholders of record on Wednesday, November 25th will be paid a dividend of $0.0625 per share. The ex-dividend date is Wednesday, November 25th. This represents a $0.25 annualized dividend and a yield of 0.2%. Loews’s dividend payout ratio is currently 3.46%.

Institutional Investors Weigh In On Loews

A number of large investors have recently added to or reduced their stakes in the stock. Edmond DE Rothschild Holding S.A. purchased a new stake in Loews during the 2nd quarter valued at $26,000. Fiduciary Financial Advisors purchased a new position in shares of Loews in the 2nd quarter worth $26,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Loews in the 2nd quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Loews by 301.4% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 208 shares during the period. Finally, DiPaolo Financial Group Inc. bought a new stake in shares of Loews in the third quarter worth $29,000. Institutional investors own 58.33% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Loews from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, November 3rd. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy”.

About Loews

Loews Corporation is a diversified holding company with businesses in insurance, energy infrastructure and hospitality. Its subsidiaries operate independently, while Loews provides corporate oversight and capital allocation. CNA Financial provides commercial property and casualty insurance, along with related services, to businesses and organizations. Boardwalk Pipelines operates natural gas pipeline and storage infrastructure, primarily in the United States. Loews Hotels & Co owns and operates hotels and resorts, principally in North America.