Loews Corporation $L Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its position in Loews Corporation (NYSE:L) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,068 shares of the insurance provider’s stock after selling 9,390 shares during the period. HighTower Advisors LLC’s holdings in Loews were worth $12,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new position in Loews during the fourth quarter worth about $27,000. Harbor Investment Advisory LLC purchased a new stake in Loews in the 4th quarter valued at approximately $30,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Loews during the 3rd quarter worth approximately $30,000. Private Trust Co. NA increased its position in 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 purchasing an additional 269 shares during the period. Finally, Westfuller Advisors LLC purchased a new position in shares of Loews during the 4th quarter worth approximately $36,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, the company currently has a consensus rating of “Strong Buy”.

Insider Transactions at Loews

In other Loews news, Director Andrew H. Tisch sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $108.81, for a total transaction of $5,440,500.00. Following the sale, the director directly owned 12,480,400 shares in the company, valued at approximately $1,357,992,324. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 19.00% of the company’s stock.

Loews Stock Up 0.1%

Shares of NYSE L opened at $108.97 on Monday. The stock has a market capitalization of $22.42 billion, a price-to-earnings ratio of 13.85 and a beta of 0.56. Loews Corporation has a 52 week low of $86.77 and a 52 week high of $114.90. The firm has a 50-day moving average price of $108.07 and a 200 day moving average price of $106.82. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.46.

Loews (NYSE:L) last issued its earnings results on Monday, May 4th. The insurance provider reported $1.63 earnings per share for the quarter. Loews had a net margin of 8.83% and a return on equity of 8.51%. The company had revenue of $4.56 billion for the quarter.

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, May 27th. Loews’s dividend payout ratio (DPR) is presently 3.18%.

Loews 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.