Loews Co. (NYSE:L) Shares Purchased by Cwm LLC

Cwm LLC increased its holdings in shares of Loews Co. (NYSE:L) by 15.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,814 shares of the insurance provider’s stock after purchasing an additional 386 shares during the period. Cwm LLC’s holdings in Loews were worth $196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NBC Securities Inc. acquired a new stake in shares of Loews during the 3rd quarter worth approximately $29,000. Operose Advisors LLC acquired a new stake in Loews during the third quarter valued at $30,000. Desjardins Global Asset Management Inc. increased its holdings in Loews by 225.2% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 491 shares of the insurance provider’s stock valued at $34,000 after buying an additional 340 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of Loews by 41.4% in the fourth quarter. Lindbrook Capital LLC now owns 611 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 179 shares during the period. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Loews during the 4th quarter worth about $195,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Loews

In other news, Director Paul J. Fribourg sold 951 shares of the firm’s 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 transaction, the director now owns 21,200 shares in the company, valued at $1,590,424. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Loews news, SVP Richard Waldo Scott sold 7,325 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 51,965 shares in the company, valued at approximately $3,851,645.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg sold 951 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 137,563 shares of company stock valued at $10,052,551 over the last 90 days. Corporate insiders own 18.70% of the company’s stock.

Loews Price Performance

Shares of Loews stock opened at $76.40 on Friday. The firm has a market cap of $16.98 billion, a PE ratio of 12.13 and a beta of 0.82. Loews Co. has a twelve month low of $55.94 and a twelve month high of $78.55. 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 business has a 50-day moving average price of $75.89 and a 200 day moving average price of $71.68.

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

Loews Announces Dividend

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

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.