Terril Brothers Inc. Takes Position in Loews Co. (NYSE:L)

Terril Brothers Inc. bought a new stake in Loews Co. (NYSE:L) during the 4th quarter, Holdings Channel.com reports. The firm bought 2,386 shares of the insurance provider’s stock, valued at approximately $202,000.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Loews in the third quarter valued at approximately $40,000. Human Investing LLC bought a new stake in Loews in the fourth quarter valued at approximately $51,000. Wilmington Savings Fund Society FSB bought a new stake in Loews in the third quarter valued at approximately $49,000. Venturi Wealth Management LLC boosted its holdings in Loews by 10.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock valued at $105,000 after acquiring an additional 119 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Loews by 24.4% during the 4th quarter. Principal Securities Inc. now owns 1,440 shares of the insurance provider’s stock worth $122,000 after buying an additional 282 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Andrew H. Tisch sold 7,533 shares of the 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 transaction, the director now directly owns 1,568,191 shares in the company, valued at $132,276,910.85. This trade represents a 0.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan M. Tisch sold 3,691 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The disclosure for this sale can be found here. Insiders have sold a total of 62,370 shares of company stock worth $5,309,627 in the last ninety days. Corporate insiders own 18.70% of the company’s stock.

Loews Price Performance

Loews stock opened at $86.56 on Friday. The stock has a market capitalization of $18.43 billion, a price-to-earnings ratio of 13.53 and a beta of 0.83. Loews Co. has a 52-week low of $72.91 and a 52-week high of $88.29. The stock’s 50 day moving average price is $84.60 and its two-hundred day moving average price is $82.41. 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 posted its quarterly 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Wednesday, February 26th. Loews’s dividend payout ratio is currently 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.