Loews (NYSE:L) Downgraded by TheStreet

TheStreet downgraded shares of Loews (NYSE:LGet Rating) from a b rating to a c rating in a research report report published on Monday morning, TheStreetRatingsTable reports.

Separately, StockNews.com raised Loews from a hold rating to a buy rating in a research note on Monday, May 9th.

Loews Price Performance

Shares of NYSE L opened at $55.34 on Monday. The stock has a market cap of $13.62 billion, a PE ratio of 12.84 and a beta of 0.81. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews has a 52-week low of $51.35 and a 52-week high of $68.20. The business has a 50-day moving average price of $59.45 and a 200 day moving average price of $61.49.

Loews (NYSE:LGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The insurance provider reported $1.37 EPS for the quarter. The firm had revenue of $3.40 billion during the quarter. Loews had a return on equity of 6.00% and a net margin of 7.82%.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Wednesday, August 17th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Tuesday, August 16th. Loews’s dividend payout ratio (DPR) is presently 5.80%.

Insider Transactions at Loews

In other news, Director Andrew H. Tisch sold 271,044 shares of the firm’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $64.11, for a total transaction of $17,376,630.84. Following the sale, the director now owns 14,332,391 shares in the company, valued at $918,849,587.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Andrew H. Tisch sold 271,044 shares of the stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $64.11, for a total value of $17,376,630.84. Following the transaction, the director now directly owns 14,332,391 shares of the company’s stock, valued at approximately $918,849,587.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew H. Tisch sold 155,911 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $64.29, for a total value of $10,023,518.19. Following the completion of the transaction, the director now directly owns 14,676,480 shares in the company, valued at $943,550,899.20. The disclosure for this sale can be found here. Insiders have sold 433,961 shares of company stock worth $27,850,985 over the last quarter. 17.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Candriam Luxembourg S.C.A. raised its position in Loews by 16.6% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 48,510 shares of the insurance provider’s stock valued at $2,802,000 after purchasing an additional 6,909 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Loews in the first quarter worth about $201,000. NEXT Financial Group Inc lifted its stake in shares of Loews by 126.7% in the fourth quarter. NEXT Financial Group Inc now owns 25,066 shares of the insurance provider’s stock worth $1,448,000 after acquiring an additional 14,009 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Loews by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 3,827,677 shares of the insurance provider’s stock worth $220,509,000 after acquiring an additional 199,257 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Loews by 9.3% in the fourth quarter. Invesco Ltd. now owns 3,099,773 shares of the insurance provider’s stock worth $179,043,000 after acquiring an additional 263,772 shares in the last quarter. 61.13% of the stock is owned by hedge funds and other institutional investors.

Loews Company Profile

(Get Rating)

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 property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages.

Further Reading

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