Loews Co. (NYSE:L) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its stake in Loews Co. (NYSE:L) by 25.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,076 shares of the insurance provider’s stock after acquiring an additional 1,238 shares during the period. NEOS Investment Management LLC’s holdings in Loews were worth $515,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC acquired a new position in Loews during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Loews in the 3rd quarter worth approximately $49,000. Human Investing LLC bought a new stake in shares of Loews in the 4th quarter worth approximately $51,000. Graney & King LLC acquired a new stake in Loews during the fourth quarter valued at approximately $56,000. Finally, Intact Investment Management Inc. acquired a new stake in Loews during the fourth quarter valued at approximately $68,000. 58.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other Loews news, Director Jonathan M. Tisch sold 3,691 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jonathan M. Tisch sold 47,636 shares of Loews stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the sale, the director now directly owns 6,705,529 shares of the company’s stock, valued at $569,165,301.52. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,860 shares of company stock worth $13,486,463 over the last quarter. Corporate insiders own 18.70% of the company’s stock.

Loews Trading Down 0.8 %

NYSE:L opened at $90.66 on Monday. The stock has a fifty day simple moving average of $85.78 and a 200 day simple moving average of $83.44. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $19.30 billion, a price-to-earnings ratio of 14.17 and a beta of 0.80. Loews Co. has a 1-year low of $72.91 and a 1-year high of $92.13.

Loews (NYSE:L) last announced its earnings results on Monday, February 10th. The insurance provider reported $0.86 EPS 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 announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Wednesday, February 26th. Loews’s dividend payout ratio (DPR) is currently 3.91%.

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.