Callan Capital LLC Has $488,000 Holdings in Loews Co. (NYSE:L)

Callan Capital LLC lifted its holdings in Loews Co. (NYSE:L) by 44.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,762 shares of the insurance provider’s stock after acquiring an additional 1,782 shares during the period. Callan Capital LLC’s holdings in Loews were worth $488,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. VisionPoint Advisory Group LLC bought a new stake in Loews during the fourth quarter worth about $211,000. RW Investment Management LLC bought a new stake in Loews during the fourth quarter worth about $205,000. Bryn Mawr Capital Management LLC lifted its position in Loews by 7.9% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 3,400 shares of the insurance provider’s stock worth $274,000 after purchasing an additional 250 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its position in Loews by 100.8% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,831 shares of the insurance provider’s stock worth $917,000 after purchasing an additional 5,437 shares during the period. Finally, Mraz Amerine & Associates Inc. lifted its position in Loews by 1.1% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 254,879 shares of the insurance provider’s stock worth $21,586,000 after purchasing an additional 2,653 shares during the period. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Loews

In related 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 completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. Over the last 90 days, insiders sold 12,370 shares of company stock valued at $1,055,627. 18.70% of the stock is currently owned by insiders.

Loews Stock Down 0.3 %

L stock opened at $82.72 on Friday. The stock has a market capitalization of $17.61 billion, a P/E ratio of 12.93 and a beta of 0.83. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a 12 month low of $72.91 and a 12 month high of $88.29. The firm has a 50-day moving average price of $84.37 and a 200-day moving average price of $82.16.

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

Loews Dividend Announcement

The business 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 (DPR) is currently 3.91%.

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.