Bryce Point Capital LLC Makes New Investment in Loews Co. (NYSE:L)

Bryce Point Capital LLC bought a new stake in shares of Loews Co. (NYSE:L) in the 4th quarter, HoldingsChannel.com reports. The fund bought 17,549 shares of the insurance provider’s stock, valued at approximately $1,486,000.

Several other large investors have also recently made changes to their positions in L. Venturi Wealth Management LLC raised its stake in shares of Loews by 10.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock worth $105,000 after buying an additional 119 shares during the period. Wedmont Private Capital raised its position in Loews by 5.2% during the fourth quarter. Wedmont Private Capital now owns 3,065 shares of the insurance provider’s stock worth $249,000 after acquiring an additional 151 shares during the period. Mather Group LLC. lifted its holdings in Loews by 7.7% during the fourth quarter. Mather Group LLC. now owns 2,248 shares of the insurance provider’s stock valued at $190,000 after purchasing an additional 161 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of Loews by 5.9% in the fourth quarter. Perigon Wealth Management LLC now owns 3,306 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 183 shares during the period. Finally, Aaron Wealth Advisors LLC increased its stake in shares of Loews by 5.8% during the fourth quarter. Aaron Wealth Advisors LLC now owns 3,568 shares of the insurance provider’s stock worth $302,000 after purchasing an additional 196 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jonathan M. Tisch sold 3,691 shares of Loews stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total transaction of $320,710.99. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 7,105,529 shares of the company’s stock, valued at $604,538,407.32. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,860 shares of company stock valued at $13,486,463. Insiders own 18.70% of the company’s stock.

Loews Trading Up 0.2 %

Shares of L opened at $92.08 on Wednesday. Loews Co. has a 52-week low of $72.91 and a 52-week high of $92.42. The stock has a market cap of $19.60 billion, a PE ratio of 14.39 and a beta of 0.80. The firm’s fifty day moving average is $86.01 and its two-hundred day moving average is $83.63. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50.

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

Loews Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were issued a $0.0625 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.27%. Loews’s dividend payout ratio is presently 3.91%.

Analyst Upgrades and Downgrades

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

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.