Global View Capital Management LLC Invests $846,000 in Loews Co. (NYSE:L)

Global View Capital Management LLC purchased a new stake in shares of Loews Co. (NYSE:L - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,050 shares of the insurance provider's stock, valued at approximately $846,000.

Several other institutional investors have also recently made changes to their positions in L. State Street Corp raised its stake in Loews by 1.0% in the 3rd quarter. State Street Corp now owns 8,077,241 shares of the insurance provider's stock valued at $638,506,000 after purchasing an additional 82,581 shares during the last quarter. Geode Capital Management LLC raised its stake in Loews by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider's stock valued at $336,005,000 after purchasing an additional 53,428 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Loews by 0.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,191,888 shares of the insurance provider's stock worth $268,640,000 after acquiring an additional 8,750 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Loews by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,623,291 shares of the insurance provider's stock worth $137,477,000 after acquiring an additional 11,540 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Loews by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,287,833 shares of the insurance provider's stock worth $109,067,000 after acquiring an additional 77,386 shares during the last quarter. Hedge funds and other institutional investors own 58.33% of the company's stock.

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Insider Transactions at Loews

In other news, Director Jonathan M. Tisch sold 3,691 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total value of $4,254,000.00. Following the sale, the director now owns 7,105,529 shares of the company's stock, valued at $604,538,407.32. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,224 shares of company stock worth $5,210,120 in the last ninety days. Insiders own 18.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Loews from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th.

Loews Stock Up 0.1 %

Shares of NYSE L traded up $0.11 during midday trading on Wednesday, hitting $84.64. 318,553 shares of the company's stock were exchanged, compared to its average volume of 714,533. The company has a market cap of $18.02 billion, a PE ratio of 13.21 and a beta of 0.80. Loews Co. has a twelve month low of $72.91 and a twelve month high of $88.29. The firm's fifty day simple moving average is $84.71 and its 200-day simple moving average is $82.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34.

Loews (NYSE:L - Get Free Report) last issued 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Wednesday, February 26th. Loews's dividend payout ratio is presently 3.91%.

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.