Savant Capital LLC Raises Stake in Loews Co. (NYSE:L)

Savant Capital LLC raised its position in Loews Co. (NYSE:L) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,087 shares of the insurance provider’s stock after purchasing an additional 405 shares during the period. Savant Capital LLC’s holdings in Loews were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in Loews by 316.1% in the third quarter. Assenagon Asset Management S.A. now owns 580,107 shares of the insurance provider’s stock valued at $36,727,000 after acquiring an additional 440,693 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Loews by 118.9% during the third quarter. The Manufacturers Life Insurance Company now owns 286,708 shares of the insurance provider’s stock worth $18,151,000 after purchasing an additional 155,713 shares in the last quarter. Barclays PLC lifted its holdings in shares of Loews by 34.9% in the 3rd quarter. Barclays PLC now owns 577,591 shares of the insurance provider’s stock valued at $36,568,000 after purchasing an additional 149,500 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of Loews by 115.4% in the 3rd quarter. Bank of Nova Scotia now owns 270,421 shares of the insurance provider’s stock valued at $17,120,000 after purchasing an additional 144,902 shares during the period. Finally, Jump Financial LLC grew its position in shares of Loews by 3,984.2% during the third quarter. Jump Financial LLC now owns 146,910 shares of the insurance provider’s stock worth $9,301,000 after acquiring an additional 143,313 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Stock Down 0.2 %

Shares of NYSE:L opened at $76.40 on Monday. Loews Co. has a 1-year low of $55.94 and a 1-year high of $78.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market cap of $16.98 billion, a P/E ratio of 12.13 and a beta of 0.82. The firm has a fifty day moving average price of $75.89 and a 200 day moving average price of $71.77.

Loews (NYSE:L) last released its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter. The firm had revenue of $4.26 billion for the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Tuesday, February 20th. Loews’s dividend payout ratio (DPR) is presently 3.97%.

Insider Buying and Selling

In other Loews news, Director Andrew H. Tisch sold 125,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $73.04, for a total transaction of $9,130,000.00. Following the completion of the transaction, the director now owns 945,886 shares in the company, valued at approximately $69,087,513.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Andrew H. Tisch sold 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $73.04, for a total value of $9,130,000.00. Following the completion of the sale, the director now directly owns 945,886 shares of the company’s stock, valued at approximately $69,087,513.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul J. Fribourg sold 951 shares of Loews stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $75.02, for a total value of $71,344.02. Following the completion of the sale, the director now owns 21,200 shares in the company, valued at $1,590,424. The disclosure for this sale can be found here. Insiders sold a total of 137,563 shares of company stock valued at $10,052,551 over the last three months. 18.70% of the stock is currently owned by company insiders.

Loews 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.