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loews director reduces stake as insiders sell shares amid rating downgrade
Loews Corporation's director now holds 6,705,529 shares valued at over $569 million, reflecting a 0.71% decrease in ownership. Insiders sold 158,860 shares worth approximately $13.5 million in the last three months, while 18.70% of the stock is owned by insiders. Recently, StockNews.com downgraded Loews from "buy" to "hold."
loews corporation sees insider sales and mixed analyst ratings amid stock activity
Loews Corporation, which specializes in commercial property and casualty insurance, has 18.70% of its stock owned by corporate insiders and 58.33% by institutional investors. Recently, Zurcher Kantonalbank increased its holdings by 24.2%, while analysts have downgraded the stock from "buy" to "hold." The company reported a quarterly EPS of $0.86 and announced a dividend of $0.0625 per share, reflecting a 0.29% yield.
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