Charles Diker Sells 1,442 Shares of Loews (NYSE:L) Stock

Loews Corporation (NYSE:L) Director Charles Diker sold 1,442 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $107.93, for a total value of $155,635.06. Following the completion of the transaction, the director directly owned 21,594 shares of the company’s stock, valued at $2,330,640.42. This represents a 6.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Loews Stock Down 0.1%

Shares of NYSE L traded down $0.08 during mid-day trading on Tuesday, hitting $106.32. 733,119 shares of the stock traded hands, compared to its average volume of 782,145. The company has a market cap of $21.97 billion, a price-to-earnings ratio of 16.90 and a beta of 0.61. The stock has a fifty day moving average price of $102.08 and a 200-day moving average price of $95.72. Loews Corporation has a 52 week low of $78.98 and a 52 week high of $109.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.33 and a current ratio of 0.33.

Loews (NYSE:L) last announced its quarterly earnings data on Monday, November 3rd. The insurance provider reported $2.43 EPS for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%.The business had revenue of $4.67 billion during the quarter.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Wednesday, November 26th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, November 26th. Loews’s dividend payout ratio (DPR) is 3.62%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Loews in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Institutional Trading of Loews

Several institutional investors have recently added to or reduced their stakes in L. Groupama Asset Managment purchased a new position in shares of Loews in the third quarter worth $1,723,000. Cambria Investment Management L.P. boosted its position in shares of Loews by 1,904.1% during the third quarter. Cambria Investment Management L.P. now owns 101,088 shares of the insurance provider’s stock valued at $10,148,000 after buying an additional 96,044 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in Loews in the 3rd quarter worth about $2,872,000. Tcfg Wealth Management LLC purchased a new position in Loews in the 3rd quarter worth about $201,000. Finally, First Affirmative Financial Network purchased a new position in Loews in the 3rd quarter worth about $239,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

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.