Charles M. Diker Sells 1,146 Shares of Loews Co. (NYSE:L) Stock

Loews Co. (NYSE:L) Director Charles M. Diker sold 1,146 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $86.83, for a total transaction of $99,507.18. Following the transaction, the director now directly owns 19,906 shares in the company, valued at $1,728,437.98. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Loews Stock Down 0.2 %

Loews stock traded down $0.18 during midday trading on Tuesday, reaching $85.98. The company’s stock had a trading volume of 873,743 shares, compared to its average volume of 730,427. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $18.72 billion, a P/E ratio of 11.42 and a beta of 0.83. The stock’s 50-day simple moving average is $81.35 and its 200-day simple moving average is $78.80. Loews Co. has a 52-week low of $67.20 and a 52-week high of $87.45.

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Wednesday, November 27th. Loews’s dividend payout ratio (DPR) is presently 3.32%.

Institutional Trading of Loews

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Synovus Financial Corp acquired a new position in Loews during the third quarter valued at $205,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Loews in the 3rd quarter valued at about $49,000. Toronto Dominion Bank boosted its stake in shares of Loews by 1.7% in the third quarter. Toronto Dominion Bank now owns 92,478 shares of the insurance provider’s stock worth $7,310,000 after buying an additional 1,570 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Loews by 13.6% during the third quarter. Coldstream Capital Management Inc. now owns 4,173 shares of the insurance provider’s stock worth $332,000 after acquiring an additional 501 shares during the period. Finally, Geode Capital Management LLC raised its position in Loews by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider’s stock valued at $336,005,000 after acquiring an additional 53,428 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Loews from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th.

About Loews

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.