Loews Co. (NYSE:L – Get Free Report)’s stock price traded down 4% during trading on Monday . The company traded as low as $76.00 and last traded at $76.08. 113,402 shares were traded during trading, a decline of 84% from the average session volume of 705,038 shares. The stock had previously closed at $79.27.
Analyst Ratings Changes
A number of equities analysts recently commented on L shares. Royal Bank of Canada upgraded Loews to a “moderate buy” rating in a report on Friday, July 26th. Jefferies Financial Group lowered their price target on shares of Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st.
Loews Stock Down 3.3 %
The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a fifty day moving average price of $79.70 and a two-hundred day moving average price of $77.71. The company has a market cap of $16.82 billion, a P/E ratio of 11.71 and a beta of 0.82.
Loews Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 21st were paid a dividend of $0.0625 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.33%. Loews’s payout ratio is 3.66%.
Insiders Place Their Bets
In other Loews news, insider Jonathan M. Tisch sold 62,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $80.84, for a total value of $5,052,500.00. Following the transaction, the insider now directly owns 6,781,634 shares in the company, valued at $548,227,292.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jonathan M. Tisch sold 25,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $81.82, for a total transaction of $2,045,500.00. Following the transaction, the insider now owns 461,395 shares in the company, valued at $37,751,338.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan M. Tisch sold 62,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $80.84, for a total transaction of $5,052,500.00. Following the completion of the sale, the insider now directly owns 6,781,634 shares in the company, valued at $548,227,292.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,587 shares of company stock worth $7,186,460 in the last three months. 18.70% of the stock is currently owned by corporate insiders.
Institutional Trading of Loews
Large investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Loews by 0.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 497,795 shares of the insurance provider’s stock valued at $38,972,000 after purchasing an additional 2,553 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Loews by 5.0% during the 1st quarter. Private Advisor Group LLC now owns 5,306 shares of the insurance provider’s stock worth $415,000 after acquiring an additional 254 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Loews by 8.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,037 shares of the insurance provider’s stock valued at $2,273,000 after acquiring an additional 2,358 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Loews by 68.6% in the 1st quarter. BNP Paribas Financial Markets now owns 312,827 shares of the insurance provider’s stock worth $24,491,000 after purchasing an additional 127,257 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in Loews by 3.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,003 shares of the insurance provider’s stock worth $392,000 after purchasing an additional 164 shares during the period. 58.33% of the stock is currently owned by 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.