Millstone Evans Group LLC Makes New Investment in Loews Co. (NYSE:L)

Millstone Evans Group LLC bought a new position in Loews Co. (NYSE:L) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,154 shares of the insurance provider’s stock, valued at approximately $98,000.

A number of other institutional investors have also recently made changes to their positions in L. Empowered Funds LLC increased its holdings in shares of Loews by 7.2% in the 3rd quarter. Empowered Funds LLC now owns 2,990 shares of the insurance provider’s stock worth $236,000 after buying an additional 200 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Loews by 5.6% in the 3rd quarter. Natixis Advisors LLC now owns 68,620 shares of the insurance provider’s stock worth $5,424,000 after buying an additional 3,612 shares during the last quarter. Quest Partners LLC bought a new position in shares of Loews in the 3rd quarter worth $129,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Loews in the 3rd quarter worth $399,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Loews by 47.8% in 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 during the last quarter. Institutional investors own 58.33% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jonathan M. Tisch sold 47,636 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $84.88, for a total value of $4,043,343.68. Following the completion of the sale, the director now directly owns 6,705,529 shares of the company’s stock, valued at approximately $569,165,301.52. This trade represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrew H. Tisch sold 7,533 shares of the firm’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 sale, the director now directly owns 1,568,191 shares of the company’s stock, valued at approximately $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,860 shares of company stock valued at $13,486,463 in the last quarter. Insiders own 18.70% of the company’s stock.

Loews Price Performance

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 52 week low of $72.91 and a 52 week high of $88.66. The firm’s fifty day moving average is $85.23 and its 200 day moving average is $83.06. The firm has a market cap of $18.57 billion, a P/E ratio of 13.63 and a beta of 0.80.

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

Loews Dividend Announcement

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

Analysts Set New Price Targets

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