Thrivent Financial for Lutherans Grows Holdings in Loews Co. (NYSE:L)

Thrivent Financial for Lutherans lifted its position in shares of Loews Co. (NYSE:L) by 19.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,988 shares of the insurance provider’s stock after acquiring an additional 1,637 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Loews were worth $846,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC raised its position in Loews by 10.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock worth $105,000 after acquiring an additional 119 shares during the period. Wedmont Private Capital increased its stake in shares of Loews by 5.2% during the fourth quarter. Wedmont Private Capital now owns 3,065 shares of the insurance provider’s stock worth $249,000 after purchasing an additional 151 shares in the last quarter. Mather Group LLC. raised its position in shares of Loews by 7.7% during the 4th quarter. Mather Group LLC. now owns 2,248 shares of the insurance provider’s stock worth $190,000 after purchasing an additional 161 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in Loews by 5.9% in the 4th quarter. Perigon Wealth Management LLC now owns 3,306 shares of the insurance provider’s stock valued at $285,000 after buying an additional 183 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in Loews by 5.8% in the 4th quarter. Aaron Wealth Advisors LLC now owns 3,568 shares of the insurance provider’s stock worth $302,000 after buying an additional 196 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Loews from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

Insiders Place Their Bets

In other news, Director Jonathan M. Tisch sold 47,636 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the completion of the transaction, the director now directly owns 6,705,529 shares of the company’s stock, valued at approximately $569,165,301.52. The trade was a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew H. Tisch sold 7,533 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was 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 in the company, valued at $132,276,910.85. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 158,860 shares of company stock worth $13,486,463 over the last three months. Company insiders own 18.70% of the company’s stock.

Loews Price Performance

NYSE:L opened at $92.08 on Wednesday. Loews Co. has a 52 week low of $72.91 and a 52 week high of $92.42. The stock’s fifty day moving average is $86.01 and its two-hundred day moving average is $83.63. The company has a market capitalization of $19.60 billion, a P/E ratio of 14.39 and a beta of 0.80. 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 (NYSE:L) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.27%. Loews’s dividend payout ratio (DPR) is presently 3.91%.

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.