Human Investing LLC Purchases Shares of 600 Loews Co. (NYSE:L)

Human Investing LLC acquired a new stake in Loews Co. (NYSE:L) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 600 shares of the insurance provider’s stock, valued at approximately $51,000.

Several other institutional investors and hedge funds have also made changes to their positions in L. CWM LLC boosted its holdings in shares of Loews by 9.9% in the third quarter. CWM LLC now owns 4,022 shares of the insurance provider’s stock valued at $318,000 after acquiring an additional 363 shares in the last quarter. Creative Planning boosted its holdings in shares of Loews by 3.2% in the third quarter. Creative Planning now owns 22,102 shares of the insurance provider’s stock valued at $1,747,000 after acquiring an additional 677 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Loews by 1.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,060 shares of the insurance provider’s stock valued at $1,744,000 after acquiring an additional 412 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of Loews by 11.4% in the third quarter. Aaron Wealth Advisors LLC now owns 3,372 shares of the insurance provider’s stock valued at $267,000 after acquiring an additional 344 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Loews by 240.5% during the third 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 in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Loews news, Director Jonathan M. Tisch sold 3,691 shares of the 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total transaction of $635,408.55. Following the completion of the sale, the director now 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. In the last 90 days, insiders sold 12,370 shares of company stock valued at $1,055,627. Company insiders own 18.70% of the company’s stock.

Loews Trading Down 1.4 %

Shares of NYSE:L opened at $82.95 on Monday. The stock 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 1-year low of $72.91 and a 1-year high of $88.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. The company has a 50 day moving average price of $84.50 and a 200 day moving average price of $81.99.

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 net margin of 9.71% and a return on equity of 9.70%.

Loews Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com cut shares of 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.