Loews Co. (NYSE:L) Shares Purchased by Xponance Inc.

Xponance Inc. raised its holdings in Loews Co. (NYSE:L) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,864 shares of the insurance provider’s stock after acquiring an additional 242 shares during the quarter. Xponance Inc.’s holdings in Loews were worth $2,275,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Loews in the 4th quarter worth approximately $26,000. Brooklyn Investment Group acquired a new stake in Loews in the third quarter valued at $40,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Loews in the third quarter valued at $49,000. Human Investing LLC acquired a new position in shares of Loews during the 4th quarter worth $51,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Loews in the 4th quarter worth about $68,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Loews Stock Performance

Loews stock opened at $87.22 on Friday. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $88.66. The company has a market capitalization of $18.57 billion, a price-to-earnings ratio of 13.63 and a beta of 0.80. The stock has a fifty day moving average of $85.23 and a two-hundred day moving average of $83.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34.

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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were paid 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 of this dividend was Wednesday, February 26th. Loews’s payout ratio is 3.91%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $84.35, for a total transaction of $635,408.55. Following the transaction, the director now directly owns 1,568,191 shares in the company, valued at $132,276,910.85. This represents a 0.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan M. Tisch sold 47,636 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 6,705,529 shares in the company, valued at $569,165,301.52. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,860 shares of company stock worth $13,486,463. 18.70% of the stock is owned by insiders.

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.