Curio Wealth LLC Takes Position in Loews Co. (NYSE:L)

Curio Wealth LLC purchased a new stake in shares of Loews Co. (NYSE:L) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,260 shares of the insurance provider’s stock, valued at approximately $107,000.

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its position in shares of 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 in the last quarter. Wedmont Private Capital lifted its position 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 acquiring an additional 151 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of Loews by 2.6% during the third quarter. Summit Trail Advisors LLC now owns 6,038 shares of the insurance provider’s stock worth $477,000 after acquiring an additional 153 shares in the last quarter. Mather Group LLC. lifted its position in shares of Loews by 7.7% during the fourth quarter. Mather Group LLC. now owns 2,248 shares of the insurance provider’s stock worth $190,000 after acquiring an additional 161 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its position in shares of Loews by 5.9% during the fourth quarter. Perigon Wealth Management LLC now owns 3,306 shares of the insurance provider’s stock worth $285,000 after acquiring an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Loews news, Director Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the transaction, the director now directly owns 7,105,529 shares of the company’s stock, valued at approximately $604,538,407.32. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of Loews 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 158,860 shares of company stock worth $13,486,463. 18.70% of the stock is currently owned by corporate insiders.

Loews Stock Performance

NYSE L opened at $86.56 on Monday. Loews Co. has a 1 year low of $72.91 and a 1 year 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 stock has a market capitalization of $18.43 billion, a PE ratio of 13.53 and a beta of 0.80. The company’s 50 day simple moving average is $84.75 and its two-hundred day simple moving average is $82.87.

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

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Wednesday, February 26th. Loews’s dividend payout ratio (DPR) is currently 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.