Loews Co. (NYSE:L) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its stake in Loews Co. (NYSE:L) by 16.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,695 shares of the insurance provider’s stock after purchasing an additional 3,078 shares during the period. Orion Portfolio Solutions LLC’s holdings in Loews were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at Loews

In related news, Director Andrew H. Tisch sold 7,533 shares of Loews stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total value of $635,408.55. Following the transaction, the director now directly owns 1,568,191 shares in the company, valued at $132,276,910.85. This trade represents a 0.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. Insiders sold a total of 158,860 shares of company stock worth $13,486,463 in the last 90 days. 18.70% of the stock is owned by insiders.

Loews Stock Performance

NYSE L opened at $92.13 on Thursday. The company has a fifty day moving average of $86.16 and a two-hundred day moving average of $83.69. The company has a market capitalization of $19.61 billion, a PE ratio of 14.40 and a beta of 0.80. Loews Co. has a 1 year low of $72.91 and a 1 year high of $92.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34.

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

Loews Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Loews from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

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.