Orion Portfolio Solutions LLC Buys 3,078 Shares of Loews Co. (NYSE:L)

Orion Portfolio Solutions LLC boosted its stake in shares of Loews Co. (NYSE:L - Free Report) by 16.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,695 shares of the insurance provider's stock after buying an additional 3,078 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Loews were worth $1,837,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in L. Venturi Wealth Management LLC grew its position in shares of Loews by 10.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider's stock worth $105,000 after buying an additional 119 shares during the period. Wedmont Private Capital increased its stake in 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 buying an additional 151 shares during the last quarter. Mather Group LLC. lifted its holdings in Loews by 7.7% during the fourth quarter. Mather Group LLC. now owns 2,248 shares of the insurance provider's stock worth $190,000 after acquiring an additional 161 shares during the period. Perigon Wealth Management LLC raised its stake in shares of Loews by 5.9% during the 4th quarter. Perigon Wealth Management LLC now owns 3,306 shares of the insurance provider's stock worth $285,000 after purchasing an additional 183 shares during the period. Finally, Aaron Wealth Advisors LLC raised its position in Loews by 5.8% in the fourth quarter. Aaron Wealth Advisors LLC now owns 3,568 shares of the insurance provider's stock worth $302,000 after acquiring an additional 196 shares during the period. Institutional investors own 58.33% of the company's stock.

Insider Activity at Loews

In other Loews news, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 7,105,529 shares in the company, valued at approximately $604,538,407.32. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the company's stock in a transaction dated 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 151,327 shares of company stock valued at $12,851,055 in the last 90 days. Corporate insiders own 18.70% of the company's stock.

Analysts Set New Price Targets

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

Loews Trading Down 2.6 %

Shares of L traded down $2.14 during mid-day trading on Monday, reaching $80.98. The company's stock had a trading volume of 1,998,836 shares, compared to its average volume of 728,264. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock has a market cap of $17.03 billion, a PE ratio of 12.65 and a beta of 0.60. The company's fifty day moving average price is $86.16 and its two-hundred day moving average price is $83.85. Loews Co. has a 52 week low of $72.91 and a 52 week high of $92.42.

Loews (NYSE:L - Get Free Report) last posted its earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share 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 announced 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 0.31%. The ex-dividend date of this dividend was Wednesday, February 26th. Loews's dividend 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.