Concurrent Investment Advisors LLC Acquires Shares of 4,630 Loews Corporation $L

Concurrent Investment Advisors LLC acquired a new stake in Loews Corporation (NYSE:L) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,630 shares of the insurance provider’s stock, valued at approximately $488,000.

Other institutional investors have also recently bought and sold shares of the company. SJS Investment Consulting Inc. lifted its holdings in shares of Loews by 880.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 229 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Loews during the 4th quarter worth approximately $27,000. Harbor Investment Advisory LLC bought a new stake in shares of Loews during the 4th quarter worth approximately $30,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Loews during the 3rd quarter worth approximately $30,000. Finally, Private Trust Co. NA lifted its holdings in shares of Loews by 896.7% during the 4th quarter. Private Trust Co. NA now owns 299 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 269 shares during the period. Institutional investors own 58.33% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Loews in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Loews presently has an average rating of “Strong Buy”.

Insider Buying and Selling

In related news, Director Andrew H. Tisch sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $108.81, for a total transaction of $5,440,500.00. Following the completion of the transaction, the director directly owned 12,480,400 shares in the company, valued at $1,357,992,324. This represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann E. Berman sold 1,922 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $110.16, for a total transaction of $211,727.52. Following the transaction, the director owned 4,998 shares of the company’s stock, valued at approximately $550,579.68. This represents a 27.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 105,417 shares of company stock worth $11,549,723 in the last three months. 19.00% of the stock is owned by corporate insiders.

Loews Stock Performance

Shares of Loews stock opened at $111.99 on Monday. The company has a 50 day moving average of $109.11 and a 200-day moving average of $106.14. Loews Corporation has a 1-year low of $85.10 and a 1-year high of $114.90. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.43. The company has a market cap of $23.04 billion, a PE ratio of 14.03 and a beta of 0.56.

Loews (NYSE:L) last issued its quarterly earnings results on Monday, February 9th. The insurance provider reported $1.94 earnings per share for the quarter. Loews had a net margin of 9.03% and a return on equity of 8.86%. The company had revenue of $4.73 billion during the quarter.

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, February 25th. Loews’s dividend payout ratio is currently 3.13%.

Loews Company Profile

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.