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

Loews Co. (NYSE:L) declared a quarterly dividend on Tuesday, November 12th,RTT News reports. Stockholders of record on Wednesday, November 27th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, December 10th. 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 Stock Up 1.1 %

NYSE:L opened at $86.07 on Monday. The company’s 50-day simple moving average is $80.44 and its 200-day simple moving average is $78.41. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. Loews has a fifty-two week low of $67.20 and a fifty-two week high of $86.27. The stock has a market capitalization of $18.74 billion, a P/E ratio of 11.43 and a beta of 0.82.

Analyst Ratings Changes

Several research firms have issued reports on L. StockNews.com lowered shares of Loews from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Jefferies Financial Group dropped their target price on Loews from $115.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st.

Insider Activity at Loews

In related news, insider Jonathan M. Tisch sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $81.82, for a total value of $2,045,500.00. Following the sale, the insider now owns 461,395 shares in the company, valued at $37,751,338.90. This represents a 5.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann E. Berman sold 1,087 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $81.38, for a total transaction of $88,460.06. Following the transaction, the director now directly owns 4,998 shares of the company’s stock, valued at $406,737.24. This represents a 17.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 213,587 shares of company stock valued at $17,586,460 in the last three months. 18.70% of the stock is owned by insiders.

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.