Kovitz Investment Group Partners LLC Buys 9,950 Shares of Loews Co. (NYSE:L)

Kovitz Investment Group Partners LLC lifted its stake in Loews Co. (NYSE:L - Free Report) by 16.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,991 shares of the insurance provider's stock after acquiring an additional 9,950 shares during the period. Kovitz Investment Group Partners LLC's holdings in Loews were worth $5,928,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Loews in the fourth quarter valued at about $26,000. Human Investing LLC bought a new stake in Loews during the 4th quarter valued at approximately $51,000. Wilmington Savings Fund Society FSB acquired a new stake in Loews in the 3rd quarter valued at approximately $49,000. Graney & King LLC bought a new position in Loews in the 4th quarter worth approximately $56,000. Finally, Intact Investment Management Inc. acquired a new position in shares of Loews during the fourth quarter worth approximately $68,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Loews

In other news, Director Jonathan M. Tisch sold 3,691 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total transaction 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 have sold 151,327 shares of company stock valued at $12,851,055 in the last 90 days. 18.70% of the stock is currently owned by company insiders.

Loews Stock Down 1.1 %

Shares of L opened at $85.30 on Friday. Loews Co. has a 52 week low of $73.15 and a 52 week high of $92.42. The firm has a market capitalization of $17.94 billion, a P/E ratio of 13.33 and a beta of 0.60. The company has a 50-day simple moving average of $86.11 and a 200-day simple moving average of $84.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34.

Loews (NYSE:L - Get Free Report) last posted 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 Dividend Announcement

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. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.29%. Loews's dividend payout ratio is currently 3.91%.

Analyst Ratings Changes

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

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.

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