Susquehanna Fundamental Investments LLC Invests $5.75 Million in Loews Co. (NYSE:L)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Loews Co. (NYSE:L - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,847 shares of the insurance provider's stock, valued at approximately $5,746,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC bought a new position in Loews in the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Loews in the 3rd quarter worth approximately $49,000. Human Investing LLC bought a new position in Loews in the 4th quarter worth approximately $51,000. Graney & King LLC bought a new position in Loews in the 4th quarter worth approximately $56,000. Finally, Intact Investment Management Inc. bought a new position in Loews in the 4th quarter worth approximately $68,000. Institutional investors own 58.33% of the company's stock.

Loews Stock Down 1.1 %

L opened at $85.30 on Monday. The company has a fifty day moving average price of $86.11 and a 200-day moving average price of $84.55. 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 debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. Loews Co. has a one year low of $73.15 and a one year high of $92.42.

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

Loews Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Loews 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan M. Tisch sold 50,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $84.66, for a total transaction of $4,233,000.00. Following the completion of the sale, the director now directly owns 6,755,529 shares of the company's stock, valued at $571,923,085.14. This represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,327 shares of company stock worth $12,851,055. Corporate insiders own 18.70% of the company's stock.

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.

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