2,430 Shares in Loews Co. (NYSE:L) Purchased by Leavell Investment Management Inc.

Leavell Investment Management Inc. bought a new position in shares of Loews Co. (NYSE:L) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,430 shares of the insurance provider’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently bought and sold shares of the company. CWM LLC raised its holdings in Loews by 9.9% during the 3rd quarter. CWM LLC now owns 4,022 shares of the insurance provider’s stock worth $318,000 after buying an additional 363 shares during the period. Creative Planning raised its holdings in Loews by 3.2% during the 3rd quarter. Creative Planning now owns 22,102 shares of the insurance provider’s stock worth $1,747,000 after buying an additional 677 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Loews by 1.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,060 shares of the insurance provider’s stock worth $1,744,000 after buying an additional 412 shares during the period. Aaron Wealth Advisors LLC raised its holdings in Loews by 11.4% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 3,372 shares of the insurance provider’s stock worth $267,000 after buying an additional 344 shares during the period. Finally, Blue Trust Inc. raised its holdings in Loews by 240.5% during the 3rd quarter. Blue Trust Inc. now owns 2,360 shares of the insurance provider’s stock worth $176,000 after buying an additional 1,667 shares during the period. 58.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded Loews from a “buy” rating to a “hold” rating in a report on Tuesday.

Loews Price Performance

Shares of L opened at $82.95 on Friday. The company has a market capitalization of $18.07 billion, a price-to-earnings ratio of 11.02 and a beta of 0.83. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $88.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34. The business’s 50-day moving average is $84.56 and its 200-day moving average is $81.95.

Loews (NYSE:L) last issued its earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share for the quarter. Loews had a return on equity of 9.70% and a net margin of 9.71%.

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be issued a $0.0625 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. Loews’s dividend payout ratio is 3.32%.

Insider Activity

In related news, Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew H. Tisch sold 7,533 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 1,568,191 shares of the company’s stock, valued at approximately $132,276,910.85. The trade was a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,370 shares of company stock worth $1,055,627 in the last 90 days. Company insiders own 18.70% of the company’s stock.

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.