Thursday, November 02, 2017 10:15 PM ET
Insider Sale at Loews Corporation (L) Deemed Significant
A SEC filing today revealed a significant insider sale of Loews Corporation shares as — Jonathan M Tisch, Director and Officer — disposed of 1,394,935 shares in the company having a market value of approximately $67,514,854. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at Loews Corporation is near the 59 member peer company average. The Property & Casualty Insurance peer group saw 73 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares per buy/sell trade transacted by Loews Corporation insiders is higher. Within the peer group there were 546,146 shares purchased and 307,748 shares sold with company insiders having bought 5,072 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to compose and write this story.
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