Loews Co. (NYSE:L – Get Free Report) insider Jonathan M. Tisch sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 461,395 shares of the company’s stock, valued at approximately $37,751,338.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Loews Trading Down 1.9 %
NYSE:L opened at $79.39 on Friday. The company has a market capitalization of $17.58 billion, a P/E ratio of 11.78 and a beta of 0.82. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a 12 month low of $61.43 and a 12 month high of $83.54. The firm has a fifty day simple moving average of $78.32 and a 200-day simple moving average of $76.71.
Loews (NYSE:L – Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.67 earnings per share for the quarter. Loews had a return on equity of 9.26% and a net margin of 9.14%. The business had revenue of $4.27 billion for the quarter.
Loews Announces Dividend
Institutional Trading of Loews
Large investors have recently made changes to their positions in the business. Altshuler Shaham Ltd acquired a new stake in Loews during the fourth quarter worth about $26,000. Northwest Financial Advisors purchased a new stake in Loews in the 4th quarter worth approximately $28,000. Versant Capital Management Inc grew its stake in shares of Loews by 244.0% during the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 266 shares during the period. Principal Securities Inc. purchased a new position in shares of Loews during the 4th quarter valued at approximately $38,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Loews in the 2nd quarter valued at $45,000. 58.33% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
L has been the subject of several analyst reports. Royal Bank of Canada upgraded Loews to a “moderate buy” rating in a report on Friday, July 26th. Jefferies Financial Group dropped their price target on Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st.
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.
Featured Articles
- Five stocks we like better than Loews
- How to Invest in the FAANG Stocks
- Is Merck Stock Undervalued After Its Colossal Earnings Growth?
- What Are Dividend Achievers? An Introduction
- Top 5 ETFs for Every Investor: From Semiconductors to Defense
- What is a Death Cross in Stocks?
- Blade Air Mobility: This Under-the-Radar Stock Could Double Soon
Receive News & Ratings for Loews Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loews and related companies with MarketBeat.com's FREE daily email newsletter.