Nisa Investment Advisors LLC Acquires 31,077 Shares of Loews Corporation $L

Nisa Investment Advisors LLC raised its holdings in Loews Corporation (NYSE:L) by 24.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 159,350 shares of the insurance provider’s stock after acquiring an additional 31,077 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Loews were worth $16,781,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Hancock Whitney Corp grew its holdings in shares of Loews by 3.9% during the third quarter. Hancock Whitney Corp now owns 2,618 shares of the insurance provider’s stock worth $263,000 after purchasing an additional 98 shares in the last quarter. Versant Capital Management Inc raised its stake in Loews by 6.9% in the third quarter. Versant Capital Management Inc now owns 1,606 shares of the insurance provider’s stock valued at $161,000 after purchasing an additional 104 shares in the last quarter. Moody Lynn & Lieberson LLC lifted its position in Loews by 2.9% during the third quarter. Moody Lynn & Lieberson LLC now owns 3,678 shares of the insurance provider’s stock valued at $369,000 after purchasing an additional 105 shares during the last quarter. Wedmont Private Capital lifted its position in Loews by 3.8% during the third quarter. Wedmont Private Capital now owns 3,291 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 120 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in Loews by 0.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 25,996 shares of the insurance provider’s stock worth $2,610,000 after buying an additional 120 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Loews Trading Down 0.1%

Shares of L stock opened at $106.66 on Thursday. The business has a 50-day moving average of $107.83 and a 200 day moving average of $104.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.36 and a quick ratio of 0.36. Loews Corporation has a 1-year low of $78.98 and a 1-year high of $114.90. The stock has a market capitalization of $21.98 billion, a PE ratio of 13.37 and a beta of 0.59.

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

Loews Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th were issued 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%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Loews in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Insider Activity at Loews

In other Loews news, Director Andrew H. Tisch sold 50,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $108.81, for a total value of $5,440,500.00. Following the transaction, the director 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann E. Berman sold 1,922 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $110.16, for a total transaction of $211,727.52. Following the transaction, the director directly owned 4,998 shares of the company’s stock, valued at approximately $550,579.68. This trade represents a 27.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 105,417 shares of company stock worth $11,549,723 in the last three months. 19.00% of the stock is owned by insiders.

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.