Curio Wealth LLC Purchases Shares of 1,260 Loews Co. (NYSE:L)

Curio Wealth LLC purchased a new stake in Loews Co. (NYSE:L) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,260 shares of the insurance provider’s stock, valued at approximately $107,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in L. Charles Schwab Investment Management Inc. increased its position in Loews by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock valued at $127,409,000 after purchasing an additional 8,615 shares during the period. Miracle Mile Advisors LLC acquired a new stake in Loews during the fourth quarter worth approximately $315,000. Intech Investment Management LLC increased its holdings in Loews by 8.0% in the third quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider’s stock worth $10,875,000 after purchasing an additional 10,213 shares in the last quarter. Swedbank AB lifted its stake in Loews by 8.8% in the third quarter. Swedbank AB now owns 379,647 shares of the insurance provider’s stock valued at $30,011,000 after buying an additional 30,600 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Loews by 47.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider’s stock worth $2,950,000 after buying an additional 12,070 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Loews

In other Loews news, Director Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the completion of the transaction, the director now owns 7,105,529 shares in the company, valued at approximately $604,538,407.32. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of Loews stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The disclosure for this sale can be found here. Over the last quarter, insiders sold 158,860 shares of company stock valued at $13,486,463. Company insiders own 18.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Loews Stock Performance

Shares of L stock opened at $86.56 on Monday. The company has a market cap of $18.43 billion, a price-to-earnings ratio of 13.53 and a beta of 0.80. Loews Co. has a 52 week low of $72.91 and a 52 week high of $88.29. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $84.75 and a 200-day moving average of $82.87.

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

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.29%. Loews’s dividend payout ratio (DPR) is presently 3.91%.

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.