63,277 Shares in Loews Co. (NYSE:L) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Loews Co. (NYSE:L - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 63,277 shares of the insurance provider's stock, valued at approximately $5,359,000.

Several other hedge funds have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its position in shares of Loews by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider's stock valued at $127,409,000 after acquiring an additional 8,615 shares during the period. Miracle Mile Advisors LLC bought a new stake in Loews during the 4th quarter worth approximately $315,000. Intech Investment Management LLC raised its position in Loews by 8.0% in the 3rd quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider's stock valued at $10,875,000 after buying an additional 10,213 shares during the last quarter. Swedbank AB lifted its stake in Loews by 8.8% during the 3rd quarter. Swedbank AB now owns 379,647 shares of the insurance provider's stock valued at $30,011,000 after acquiring an additional 30,600 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Loews by 47.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider's stock worth $2,950,000 after acquiring an additional 12,070 shares during the last quarter. 58.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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Insider Activity

In related news, Director Jonathan M. Tisch sold 3,691 shares of the business'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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan M. Tisch sold 50,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 61,224 shares of company stock valued at $5,210,120 in the last three months. Company insiders own 18.70% of the company's stock.

Loews Stock Performance

Shares of L traded up $0.47 on Friday, reaching $85.35. 632,519 shares of the company's stock traded hands, compared to its average volume of 717,298. The stock's 50 day simple moving average is $84.69 and its two-hundred day simple moving average is $82.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a 52-week low of $72.91 and a 52-week high of $88.29. The stock has a market cap of $18.17 billion, a PE ratio of 13.34 and a beta of 0.83.

Loews (NYSE:L - Get Free Report) last released its 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Wednesday, February 26th. 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.