Loews Co. (NYSE:L) Holdings Raised by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its position in Loews Co. (NYSE:L) by 23.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,195 shares of the insurance provider’s stock after acquiring an additional 610 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Loews were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC bought a new position in Loews during the 4th quarter worth $26,000. Brooklyn Investment Group bought a new position in Loews during the 3rd quarter worth $40,000. Wilmington Savings Fund Society FSB bought a new position in Loews during the 3rd quarter worth $49,000. Human Investing LLC bought a new position in Loews during the 4th quarter worth $51,000. Finally, Intact Investment Management Inc. acquired a new position in Loews during the 4th quarter worth $68,000. 58.33% of the stock is currently owned by institutional investors.

Loews Trading Down 1.1 %

Shares of L stock opened at $87.22 on Friday. 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 Co. has a 1 year low of $72.91 and a 1 year high of $88.66. The stock has a fifty day moving average of $85.23 and a two-hundred day moving average of $83.06. The firm has a market capitalization of $18.57 billion, a PE ratio of 13.63 and a beta of 0.80.

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

Loews Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 annualized dividend and a yield of 0.29%. Loews’s dividend payout ratio is currently 3.91%.

Insider Activity at Loews

In related news, Director Jonathan M. Tisch sold 50,000 shares of the firm’s 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 of the company’s stock, valued at $604,538,407.32. This trade represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction 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 of the company’s stock, valued at $132,276,910.85. This trade represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,860 shares of company stock valued at $13,486,463 over the last 90 days. 18.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Loews from a “buy” rating to a “hold” rating in a research 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.