2,386 Shares in Loews Co. (NYSE:L) Bought by Terril Brothers Inc.

Terril Brothers Inc. bought a new position in shares of Loews Co. (NYSE:L) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,386 shares of the insurance provider’s stock, valued at approximately $202,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in Loews during the third quarter worth $40,000. Wilmington Savings Fund Society FSB bought a new position in Loews during the third quarter worth $49,000. Human Investing LLC bought a new position in Loews during the fourth quarter worth $51,000. Venturi Wealth Management LLC boosted its position in Loews by 10.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 119 shares during the period. Finally, Principal Securities Inc. boosted its position in Loews by 24.4% during the fourth quarter. Principal Securities Inc. now owns 1,440 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 282 shares during the period. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Loews news, Director Andrew H. Tisch sold 7,533 shares of the business’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan M. Tisch sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total value of $4,254,000.00. Following the transaction, the director now directly owns 7,105,529 shares of the company’s stock, valued at approximately $604,538,407.32. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,370 shares of company stock valued at $5,309,627 over the last quarter. 18.70% of the stock is owned by company insiders.

Loews Trading Up 0.9 %

Shares of Loews stock opened at $86.56 on Friday. The firm has a 50-day moving average of $84.60 and a 200-day moving average of $82.41. The stock has a market cap of $18.43 billion, a PE ratio of 13.53 and a beta of 0.83. Loews Co. has a 52-week low of $72.91 and a 52-week high of $88.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current 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 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 given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.25 annualized dividend and a yield of 0.29%. Loews’s dividend payout ratio is 3.91%.

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.

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.