Park Avenue Securities LLC Has $479,000 Stock Holdings in Loews Co. (NYSE:L)

Park Avenue Securities LLC increased its stake in Loews Co. (NYSE:L) by 16.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,659 shares of the insurance provider’s stock after acquiring an additional 792 shares during the quarter. Park Avenue Securities LLC’s holdings in Loews were worth $479,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in L. Brooklyn Investment Group bought a new position in shares of Loews in the 3rd quarter worth about $40,000. Kimelman & Baird LLC acquired a new stake in Loews during the second quarter worth approximately $45,000. Eastern Bank bought a new stake in Loews in the third quarter worth approximately $47,000. Wilmington Savings Fund Society FSB bought a new stake in Loews in the third quarter worth approximately $49,000. Finally, Quest Partners LLC acquired a new position in Loews in the third quarter valued at approximately $129,000. 58.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Loews from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th.

Insider Transactions at Loews

In other Loews news, Director Andrew H. Tisch sold 7,533 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total transaction of $635,408.55. Following the sale, the director now owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. The trade was a 0.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles M. Diker sold 1,146 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $86.83, for a total value of $99,507.18. Following the completion of the transaction, the director now directly owns 19,906 shares of the company’s stock, valued at $1,728,437.98. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,679 shares of company stock worth $11,134,916. 18.70% of the stock is owned by company insiders.

Loews Stock Performance

L stock opened at $83.95 on Friday. The business has a 50 day moving average of $84.58 and a 200-day moving average of $81.10. The firm has a market cap of $18.28 billion, a PE ratio of 11.15 and a beta of 0.83. Loews Co. has a 12-month low of $71.45 and a 12-month high of $87.45. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48.

Loews (NYSE:L) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.82 earnings per share for the quarter. The company had revenue of $4.47 billion during the quarter. Loews had a net margin of 9.71% and a return on equity of 9.70%.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. Loews’s dividend payout ratio is presently 3.32%.

About Loews

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.