Callan Capital LLC Has $488,000 Holdings in Loews Co. (NYSE:L)

Callan Capital LLC raised its position in shares of Loews Co. (NYSE:L) by 44.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,762 shares of the insurance provider’s stock after purchasing an additional 1,782 shares during the quarter. Callan Capital LLC’s holdings in Loews were worth $488,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Loews during the 3rd quarter worth approximately $40,000. Eastern Bank acquired a new stake in shares of Loews during the 3rd quarter worth approximately $47,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Loews during the 3rd quarter worth approximately $49,000. Human Investing LLC acquired a new stake in shares of Loews during the 4th quarter worth approximately $51,000. Finally, Venturi Wealth Management LLC grew its position in shares of Loews by 10.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock worth $105,000 after buying an additional 119 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Loews

In other news, Director Jonathan M. Tisch sold 3,691 shares of Loews stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew H. Tisch sold 7,533 shares of Loews stock in a transaction 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 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. In the last three months, insiders have sold 12,370 shares of company stock worth $1,055,627. Corporate insiders own 18.70% of the company’s stock.

Loews Stock Performance

Shares of L stock opened at $82.72 on Friday. Loews Co. has a 52 week low of $72.91 and a 52 week high of $88.29. The firm has a 50 day moving average of $84.37 and a 200-day moving average of $82.16. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 12.93 and a beta of 0.83.

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

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Wednesday, February 26th. Loews’s dividend payout ratio (DPR) is presently 3.91%.

Loews Company 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.