HB Wealth Management LLC Acquires 2,522 Shares of Loews Co. (NYSE:L)

HB Wealth Management LLC lifted its holdings in shares of Loews Co. (NYSE:L) by 51.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,398 shares of the insurance provider’s stock after purchasing an additional 2,522 shares during the period. HB Wealth Management LLC’s holdings in Loews were worth $515,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kinneret Advisory LLC boosted its holdings in Loews by 2.3% in the first quarter. Kinneret Advisory LLC now owns 7,244 shares of the insurance provider’s stock worth $470,000 after acquiring an additional 162 shares in the last quarter. Optas LLC lifted its holdings in shares of Loews by 2.4% in the third quarter. Optas LLC now owns 7,615 shares of the insurance provider’s stock valued at $482,000 after purchasing an additional 181 shares in the last quarter. United Capital Financial Advisers LLC lifted its holdings in shares of Loews by 2.7% in the fourth quarter. United Capital Financial Advisers LLC now owns 6,849 shares of the insurance provider’s stock valued at $400,000 after purchasing an additional 183 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Loews by 5.5% in the third quarter. Coldstream Capital Management Inc. now owns 3,856 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 201 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Loews by 40.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 705 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 202 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Insiders Place Their Bets

In other Loews news, Director Paul J. Fribourg sold 951 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $75.02, for a total value of $71,344.02. Following the completion of the sale, the director now directly owns 21,200 shares of the company’s stock, valued at $1,590,424. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Paul J. Fribourg sold 951 shares of Loews stock in a transaction on Friday, March 1st. The stock was sold at an average price of $75.02, for a total value of $71,344.02. Following the completion of the transaction, the director now directly owns 21,200 shares in the company, valued at $1,590,424. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Richard Waldo Scott sold 7,325 shares of Loews stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $74.12, for a total value of $542,929.00. Following the completion of the transaction, the senior vice president now owns 51,965 shares of the company’s stock, valued at $3,851,645.80. The disclosure for this sale can be found here. Insiders sold 137,563 shares of company stock valued at $10,052,551 over the last ninety days. 18.30% of the stock is currently owned by insiders.

Loews Stock Up 1.6 %

L stock opened at $78.10 on Thursday. Loews Co. has a twelve month low of $55.29 and a twelve month high of $78.10. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average is $74.38 and its 200-day moving average is $69.41. The firm has a market capitalization of $17.35 billion, a PE ratio of 12.40 and a beta of 0.82.

Loews (NYSE:L) last issued its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.99 EPS for the quarter. The company had revenue of $4.26 billion during the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Wednesday, February 21st were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Tuesday, February 20th. Loews’s payout ratio is 3.97%.

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.