Inceptionr LLC Purchases 18,753 Shares of Loews Co. (NYSE:L)

Inceptionr LLC increased its position in Loews Co. (NYSE:L - Free Report) by 199.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,143 shares of the insurance provider's stock after buying an additional 18,753 shares during the period. Loews accounts for about 0.5% of Inceptionr LLC's investment portfolio, making the stock its 6th biggest position. Inceptionr LLC's holdings in Loews were worth $2,383,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Loews by 1.0% during the 3rd quarter. State Street Corp now owns 8,077,241 shares of the insurance provider's stock worth $638,506,000 after acquiring an additional 82,581 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Loews by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider's stock worth $336,005,000 after acquiring an additional 53,428 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Loews by 0.3% during 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. lifted its stake in shares of Loews by 0.7% during 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 lifted its stake in shares of Loews by 6.4% during 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. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Loews

In other Loews news, Director Andrew H. Tisch sold 7,533 shares of the business's stock in a transaction that occurred on 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 sale, the director now directly owns 1,568,191 shares in the company, valued at approximately $132,276,910.85. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the business's stock in a transaction that occurred 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. Insiders sold a total of 61,224 shares of company stock worth $5,210,120 in the last 90 days. Corporate insiders own 18.70% of the company's stock.

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.

Loews Stock Performance

Shares of L stock traded up $0.47 on Friday, hitting $85.35. The company had a trading volume of 632,686 shares, compared to its average volume of 717,325. The firm has a market cap of $18.17 billion, a P/E ratio of 13.34 and a beta of 0.80. The company has a 50-day moving average price of $84.70 and a 200-day moving average price of $82.71. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a twelve month low of $72.91 and a twelve month high of $88.29.

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

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. 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.