Foundation Resource Management Inc. Increases Stock Position in Loews Co. (NYSE:L)

Foundation Resource Management Inc. increased its stake in Loews Co. (NYSE:L - Free Report) by 17.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 133,585 shares of the insurance provider's stock after acquiring an additional 20,031 shares during the period. Loews comprises approximately 1.9% of Foundation Resource Management Inc.'s portfolio, making the stock its 19th largest position. Foundation Resource Management Inc. owned about 0.06% of Loews worth $11,313,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in L. Wedmont Private Capital boosted its stake in shares of Loews by 5.2% in the 4th quarter. Wedmont Private Capital now owns 3,065 shares of the insurance provider's stock valued at $249,000 after purchasing an additional 151 shares in the last quarter. Summit Trail Advisors LLC boosted its position in Loews by 2.6% during the third quarter. Summit Trail Advisors LLC now owns 6,038 shares of the insurance provider's stock valued at $477,000 after buying an additional 153 shares during the period. Atomi Financial Group Inc. grew its stake in shares of Loews by 4.3% during the third quarter. Atomi Financial Group Inc. now owns 4,111 shares of the insurance provider's stock valued at $325,000 after buying an additional 169 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of Loews by 5.2% in the third quarter. Ballentine Partners LLC now owns 3,772 shares of the insurance provider's stock worth $298,000 after buying an additional 187 shares during the period. Finally, Empowered Funds LLC lifted its stake 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 valued at $236,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 58.33% of the company's stock.

Insider Transactions at Loews

In other news, Director Charles M. Diker sold 1,146 shares of Loews stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $86.83, for a total transaction of $99,507.18. Following the sale, the director now owns 19,906 shares of the company's stock, valued at approximately $1,728,437.98. The trade was a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andrew H. Tisch sold 7,533 shares of the 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 transaction, the director now directly owns 1,568,191 shares of the company's stock, valued at approximately $132,276,910.85. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,679 shares of company stock worth $11,134,916. Company insiders own 18.70% of the company's stock.

Loews Trading Up 1.6 %

NYSE:L traded up $1.30 during midday trading on Wednesday, reaching $84.73. 837,401 shares of the stock traded hands, compared to its average volume of 754,256. The stock has a market capitalization of $18.45 billion, a P/E ratio of 11.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. The company has a fifty day moving average of $84.24 and a 200 day moving average of $80.67. Loews Co. has a 12 month low of $70.59 and a 12 month high of $87.45.

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Wednesday, November 27th. Loews's dividend payout ratio (DPR) is 3.32%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Loews from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 20th.

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.