Lindbrook Capital LLC Buys 179 Shares of Loews Co. (NYSE:L)

Lindbrook Capital LLC raised its stake in Loews Co. (NYSE:L) by 41.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 611 shares of the insurance provider’s stock after buying an additional 179 shares during the period. Lindbrook Capital LLC’s holdings in Loews were worth $43,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. NBC Securities Inc. bought a new stake in shares of Loews during the 3rd quarter valued at about $29,000. Operose Advisors LLC bought a new stake in shares of Loews during the 3rd quarter valued at about $30,000. Desjardins Global Asset Management Inc. boosted its position in shares of Loews by 225.2% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 491 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 340 shares in the last quarter. Hanson & Doremus Investment Management bought a new stake in shares of Loews during the 3rd quarter valued at about $147,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Loews in the fourth quarter worth approximately $195,000. Institutional investors own 58.33% of the company’s stock.

Loews Stock Down 0.5 %

Shares of NYSE:L opened at $76.41 on Friday. The business’s 50 day simple moving average is $75.71 and its two-hundred day simple moving average is $71.18. The firm has a market cap of $16.98 billion, a P/E ratio of 12.13 and a beta of 0.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32. Loews Co. has a 52-week low of $55.31 and a 52-week high of $78.55.

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

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Wednesday, February 21st were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Tuesday, February 20th. Loews’s dividend payout ratio (DPR) is presently 3.97%.

Insider Transactions at Loews

In other news, Director Paul J. Fribourg sold 951 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Jonathan M. Tisch sold 4,287 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $71.91, for a total transaction of $308,278.17. Following the completion of the sale, the insider now directly owns 106,870 shares of the company’s stock, valued at $7,685,021.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul J. Fribourg sold 951 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $75.02, for a total value of $71,344.02. Following the sale, the director now directly owns 21,200 shares of the company’s stock, valued at $1,590,424. The disclosure for this sale can be found here. Insiders sold a total of 137,563 shares of company stock valued at $10,052,551 over the last ninety days. 18.70% of the stock is currently owned by insiders.

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.