HighTower Advisors LLC Buys 10,204 Shares of Loews Co. (NYSE:L)

HighTower Advisors LLC raised its position in shares of Loews Co. (NYSE:L - Free Report) by 15.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,423 shares of the insurance provider's stock after buying an additional 10,204 shares during the quarter. HighTower Advisors LLC's holdings in Loews were worth $6,388,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Global View Capital Management LLC purchased a new stake in shares of Loews in the fourth quarter worth approximately $846,000. Daiwa Securities Group Inc. lifted its position in shares of Loews by 7.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 24,336 shares of the insurance provider's stock worth $2,061,000 after purchasing an additional 1,704 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Loews by 24.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,327 shares of the insurance provider's stock worth $2,992,000 after purchasing an additional 6,885 shares in the last quarter. Amundi lifted its position in shares of Loews by 9.7% in the fourth quarter. Amundi now owns 1,012,829 shares of the insurance provider's stock worth $84,602,000 after purchasing an additional 89,902 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Loews by 7.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 40,271 shares of the insurance provider's stock worth $3,411,000 after purchasing an additional 2,952 shares in the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

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

Insider Transactions at Loews

In related news, Director Andrew H. Tisch sold 7,533 shares of the firm's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total value 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 $132,276,910.85. This trade represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 158,860 shares of company stock worth $13,486,463. Insiders own 18.70% of the company's stock.

Loews Stock Performance

L stock traded down $0.96 during midday trading on Friday, hitting $87.22. 2,713,222 shares of the company traded hands, compared to its average volume of 661,842. Loews Co. has a twelve month low of $72.91 and a twelve month high of $88.66. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The business has a 50 day simple moving average of $85.23 and a 200-day simple moving average of $83.05. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 13.63 and a beta of 0.80.

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

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. Loews's payout ratio is 3.91%.

About Loews

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.