Bryn Mawr Capital Management LLC Buys 250 Shares of Loews Co. (NYSE:L)

Bryn Mawr Capital Management LLC raised its stake in Loews Co. (NYSE:L) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,400 shares of the insurance provider’s stock after acquiring an additional 250 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Loews were worth $274,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. State Street Corp increased its holdings in shares of Loews by 1.0% during the third quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock worth $638,506,000 after purchasing an additional 82,581 shares during the period. Geode Capital Management LLC increased its holdings in shares of Loews by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider’s stock worth $336,005,000 after purchasing an additional 53,428 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Loews by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,191,888 shares of the insurance provider’s stock worth $268,640,000 after purchasing an additional 8,750 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Loews by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock worth $127,409,000 after purchasing an additional 8,615 shares during the period. Finally, Barclays PLC increased its holdings in shares of Loews by 13.1% during the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock worth $59,473,000 after purchasing an additional 87,259 shares during the period. 58.33% of the stock is owned by institutional investors.

Insider Activity at Loews

In other Loews news, Director Andrew H. Tisch sold 7,533 shares of the firm’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 sale, the director now owns 1,568,191 shares in the company, valued at $132,276,910.85. This trade represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan M. Tisch sold 3,691 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 12,370 shares of company stock valued at $1,055,627 over the last three months. 18.70% of the stock is owned by insiders.

Loews Stock Performance

Shares of NYSE:L opened at $82.72 on Friday. The company’s 50 day simple moving average is $84.40 and its 200 day simple moving average is $82.08. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of 12.93 and a beta of 0.83. 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 Co. has a 1 year low of $72.91 and a 1 year high of $88.29.

Loews (NYSE:L) last announced its quarterly earnings data 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 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. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. Loews’s dividend payout ratio (DPR) is 3.91%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Loews from a “buy” rating to a “hold” rating in a report 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.