Metis Global Partners LLC Grows Stake in Loews Co. (NYSE:L)

Metis Global Partners LLC boosted its stake in Loews Co. (NYSE:L) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,158 shares of the insurance provider’s stock after buying an additional 222 shares during the quarter. Metis Global Partners LLC’s holdings in Loews were worth $522,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Loews in the third quarter valued at about $40,000. Wilmington Savings Fund Society FSB purchased a new stake in Loews during the 3rd quarter valued at about $49,000. Human Investing LLC acquired a new stake in Loews in the 4th quarter valued at about $51,000. Venturi Wealth Management LLC lifted its stake in Loews by 10.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 119 shares in 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 purchasing an additional 282 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Loews

In other Loews news, Director Andrew H. Tisch sold 7,533 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. The trade was a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan M. Tisch sold 50,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total value of $4,254,000.00. Following the transaction, the director now owns 7,105,529 shares of the company’s stock, valued at approximately $604,538,407.32. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,224 shares of company stock worth $5,210,120. 18.70% of the stock is currently owned by company insiders.

Loews Price Performance

Loews stock opened at $85.40 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $84.69 and a 200 day moving average price of $82.60. Loews Co. has a 12-month low of $72.91 and a 12-month high of $88.29. The stock has a market cap of $18.18 billion, a P/E ratio of 13.34 and a beta of 0.83.

Loews (NYSE:L) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Wednesday, February 26th. Loews’s dividend payout ratio (DPR) is presently 3.91%.

Wall Street Analysts Forecast Growth

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

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.