Stephens Inc. AR Makes New $217,000 Investment in Loews Co. (NYSE:L)

Stephens Inc. AR bought a new position in Loews Co. (NYSE:L – Get Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,343 shares of the insurance provider’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Candriam Luxembourg S.C.A. boosted its stake in Loews by 16.6% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 48,510 shares of the insurance provider’s stock valued at $2,802,000 after purchasing an additional 6,909 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Loews in the first quarter worth about $201,000. NEXT Financial Group Inc increased its stake in shares of Loews by 126.7% in the fourth quarter. NEXT Financial Group Inc now owns 25,066 shares of the insurance provider’s stock worth $1,448,000 after purchasing an additional 14,009 shares during the period. Geode Capital Management LLC grew its position in Loews by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 3,827,677 shares of the insurance provider’s stock worth $220,509,000 after buying an additional 199,257 shares in the last quarter. Finally, Invesco Ltd. grew its position in Loews by 9.3% during the fourth quarter. Invesco Ltd. now owns 3,099,773 shares of the insurance provider’s stock worth $179,043,000 after buying an additional 263,772 shares in the last quarter. Hedge funds and other institutional investors own 61.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on L shares. StockNews.com downgraded Loews from a “buy” rating to a “hold” rating in a report on Wednesday. TheStreet downgraded Loews from a “b” rating to a “c” rating in a report on Monday, August 1st.

Insider Buying and Selling

In related news, SVP Richard Waldo Scott sold 6,123 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $64.35, for a total value of $394,015.05. Following the completion of the transaction, the senior vice president now owns 42,920 shares in the company, valued at approximately $2,761,902. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Loews news, Director Andrew H. Tisch sold 271,044 shares of the company’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $64.11, for a total transaction of $17,376,630.84. Following the completion of the sale, the director now owns 14,332,391 shares in the company, valued at approximately $918,849,587.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Richard Waldo Scott sold 6,123 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $64.35, for a total transaction of $394,015.05. Following the sale, the senior vice president now owns 42,920 shares of the company’s stock, valued at approximately $2,761,902. The disclosure for this sale can be found here. Insiders sold 433,961 shares of company stock worth $27,850,985 in the last quarter. Insiders own 17.50% of the company’s stock.

Loews Stock Performance

NYSE:L opened at $55.12 on Friday. Loews Co. has a 1 year low of $51.35 and a 1 year high of $68.20. The firm has a 50 day moving average of $59.03 and a 200-day moving average of $61.40. The company has a current ratio of 0.35, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $13.28 billion, a P/E ratio of 12.79 and a beta of 0.81.

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Wednesday, August 17th will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Tuesday, August 16th. Loews’s dividend payout ratio (DPR) is presently 5.80%.

Loews Company Profile

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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 property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages.