Loews Co. (NYSE:L) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its stake in Loews Co. (NYSE:L) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,433 shares of the insurance provider’s stock after purchasing an additional 288 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Loews were worth $206,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of L. Charles Schwab Investment Management Inc. raised its position in Loews by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock worth $127,409,000 after acquiring an additional 8,615 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in Loews in the fourth quarter worth about $315,000. Intech Investment Management LLC raised its position in Loews by 8.0% in the third quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider’s stock worth $10,875,000 after acquiring an additional 10,213 shares in the last quarter. Swedbank AB raised its position in Loews by 8.8% in the third quarter. Swedbank AB now owns 379,647 shares of the insurance provider’s stock worth $30,011,000 after acquiring an additional 30,600 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Loews by 47.8% in the third quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider’s stock worth $2,950,000 after acquiring an additional 12,070 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Insider Activity at Loews

In other Loews news, Director Jonathan M. Tisch sold 3,691 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $635,408.55. Following the sale, the director now directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 158,860 shares of company stock valued at $13,486,463. 18.70% of the stock is owned by corporate insiders.

Loews Price Performance

Shares of L opened at $86.56 on Friday. The company has a market capitalization of $18.43 billion, a price-to-earnings ratio of 13.53 and a beta of 0.80. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $88.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The business’s 50-day moving average is $84.75 and its 200-day moving average is $82.86.

Loews (NYSE:L) last issued its earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. Loews’s payout ratio is 3.91%.

Wall Street Analyst Weigh In

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

Loews Profile

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.