This Insider Has Just Sold Shares In Loews

We wouldn't blame Loews Corporation (NYSE:L) shareholders if they were a little worried about the fact that Andrew Tisch, the Director Emeritus recently netted about US$7.4m selling shares at an average price of US$106. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 0.5%.

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The Last 12 Months Of Insider Transactions At Loews

The insider, Jonathan Tisch, made the biggest insider sale in the last 12 months. That single transaction was for US$17m worth of shares at a price of US$85.84 each. So it's clear an insider wanted to take some cash off the table, even below the current price of US$103. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 2.8% of Jonathan Tisch's holding.

Insiders in Loews didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Loews

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Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Loews insiders own 18% of the company, worth about US$3.9b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Loews Insider Transactions Indicate?

An insider sold Loews shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Loews.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.