Brewster Financial Planning LLC Invests $305,000 in Loews Co. (NYSE:L)

Brewster Financial Planning LLC purchased a new stake in shares of Loews Co. (NYSE:L) in the fourth quarter, Holdings Channel reports. The firm purchased 3,602 shares of the insurance provider’s stock, valued at approximately $305,000. Loews comprises about 0.2% of Brewster Financial Planning LLC’s portfolio, making the stock its 17th largest position.

A number of other hedge funds have also bought and sold shares of L. Brooklyn Investment Group purchased a new position in shares of Loews in the third quarter valued at $40,000. Eastern Bank bought a new stake in Loews during the 3rd quarter worth approximately $47,000. Wilmington Savings Fund Society FSB purchased a new stake in Loews in the 3rd quarter worth approximately $49,000. Quest Partners LLC purchased a new position in shares of Loews during the 3rd quarter valued at $129,000. Finally, Blue Trust Inc. boosted its stake in Loews by 240.5% during the third quarter. Blue Trust Inc. now owns 2,360 shares of the insurance provider’s stock valued at $176,000 after buying an additional 1,667 shares during the period. 58.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Andrew H. Tisch sold 75,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $83.16, for a total transaction of $6,237,000.00. Following the sale, the director now owns 12,089,677 shares of the company’s stock, valued at $1,005,377,539.32. The trade was a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles M. Diker sold 1,146 shares of Loews stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $86.83, for a total transaction of $99,507.18. Following the transaction, the director now 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 currently owned by company insiders.

Loews Price Performance

Shares of NYSE:L opened at $85.44 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. The stock has a market cap of $18.61 billion, a PE ratio of 11.35 and a beta of 0.83. The company’s fifty day moving average is $84.74 and its 200 day moving average is $81.48. Loews Co. has a 52 week low of $71.45 and a 52 week high of $87.45.

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

Loews Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were issued 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 0.29%. Loews’s dividend payout ratio is currently 3.32%.

Analyst Upgrades and Downgrades

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

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.