Loews Co. (NYSE:L) Plans Quarterly Dividend of $0.06

Loews Co. (NYSE:L) announced a quarterly dividend on Tuesday, August 6th, RTT News reports. Shareholders of record on Wednesday, August 21st will be given a dividend of 0.0625 per share by the insurance provider on Tuesday, September 3rd. This represents a $0.25 annualized dividend and a yield of 0.32%. The ex-dividend date is Wednesday, August 21st.

Loews Stock Up 0.8 %

L opened at $78.97 on Monday. The company has a market cap of $17.48 billion, a P/E ratio of 11.72 and a beta of 0.83. Loews has a 12 month low of $61.29 and a 12 month high of $83.54. The business’s 50-day moving average price is $76.75 and its 200-day moving average price is $75.96. 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 (NYSE:L) last announced its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.67 EPS 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.

Wall Street Analysts Forecast Growth

L has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price target on shares of Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Royal Bank of Canada raised Loews to a “moderate buy” rating in a research note on Friday, July 26th.

Insider Activity at Loews

In related news, Director Jonathan C. Locker bought 6,200 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was purchased at an average cost of $80.63 per share, with a total value of $499,906.00. Following the transaction, the director now owns 23,068 shares in the company, valued at approximately $1,859,972.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Mark S. Schwartz sold 2,628 shares of Loews stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $80.88, for a total transaction of $212,552.64. Following the sale, the vice president now directly owns 14,933 shares in the company, valued at $1,207,781.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan C. Locker purchased 6,200 shares of Loews stock in a transaction that occurred on Tuesday, July 30th. The stock was purchased at an average cost of $80.63 per share, for a total transaction of $499,906.00. Following the completion of the purchase, the director now owns 23,068 shares of the company’s stock, valued at $1,859,972.84. The disclosure for this purchase can be found here. 18.70% of the stock is owned by corporate insiders.

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.