Relative Value Partners Group LLC Has $1.09 Million Position in Loews Co. (NYSE:L)

Relative Value Partners Group LLC lowered its position in shares of Loews Co. (NYSE:L) by 1.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,742 shares of the insurance provider’s stock after selling 201 shares during the quarter. Relative Value Partners Group LLC’s holdings in Loews were worth $1,087,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of L. Raymond James & Associates boosted its holdings in shares of Loews by 9.5% in the first quarter. Raymond James & Associates now owns 59,878 shares of the insurance provider’s stock valued at $3,881,000 after buying an additional 5,176 shares during the period. American Century Companies Inc. boosted its holdings in shares of Loews by 15.6% in the first quarter. American Century Companies Inc. now owns 19,679 shares of the insurance provider’s stock valued at $1,275,000 after buying an additional 2,655 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Loews by 21.1% in the first quarter. MetLife Investment Management LLC now owns 53,610 shares of the insurance provider’s stock valued at $3,475,000 after buying an additional 9,333 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Loews by 4.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,236 shares of the insurance provider’s stock valued at $1,701,000 after buying an additional 1,081 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Loews by 6.5% in the first quarter. Vontobel Holding Ltd. now owns 4,934 shares of the insurance provider’s stock valued at $323,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 54.03% of the company’s stock.

Loews Stock Performance

Shares of L stock opened at $62.43 on Friday. The company’s fifty day simple moving average is $61.71 and its 200-day simple moving average is $59.19. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.52. The firm has a market cap of $14.08 billion, a PE ratio of 11.87 and a beta of 0.84. Loews Co. has a 12 month low of $49.36 and a 12 month high of $63.93.

Loews (NYSE:L) last announced its quarterly earnings data on Monday, July 31st. The insurance provider reported $1.58 EPS for the quarter. The business had revenue of $3.93 billion for the quarter. Loews had a net margin of 8.21% and a return on equity of 8.72%.

Loews Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Wednesday, August 16th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.40%. The ex-dividend date was Tuesday, August 15th. Loews’s dividend payout ratio (DPR) is currently 4.75%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Loews in a research report on Thursday, August 17th. They issued a “buy” rating on the stock.

Insiders Place Their Bets

In other Loews news, Director Paul J. Fribourg sold 561 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $62.56, for a total transaction of $35,096.16. Following the sale, the director now directly owns 3,292 shares of the company’s stock, valued at $205,947.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Loews news, Director Paul J. Fribourg sold 561 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $62.56, for a total transaction of $35,096.16. Following the sale, the director now directly owns 3,292 shares of the company’s stock, valued at $205,947.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Corp Loews purchased 4,456,050 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average cost of $39.29 per share, for a total transaction of $175,078,204.50. Following the completion of the transaction, the insider now directly owns 248,414,738 shares of the company’s stock, valued at approximately $9,760,215,056.02. The disclosure for this purchase can be found here. Insiders own 18.30% of the company’s stock.

Loews 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 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.