International Assets Investment Management LLC Purchases New Position in Loews Co. (NYSE:L)

International Assets Investment Management LLC acquired a new stake in Loews Co. (NYSE:L) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 53,097 shares of the insurance provider’s stock, valued at approximately $3,695,000.

Several other institutional investors have also recently bought and sold shares of the business. SteelPeak Wealth LLC bought a new position in Loews in the 4th quarter valued at $1,909,000. Trust Point Inc. bought a new position in Loews in the 4th quarter valued at $507,000. True North Advisors LLC bought a new position in Loews in the 4th quarter valued at $214,000. Fifth Third Bancorp raised its position in Loews by 4.9% in the 4th quarter. Fifth Third Bancorp now owns 8,338 shares of the insurance provider’s stock valued at $580,000 after purchasing an additional 388 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Loews by 1.3% in the 4th quarter. State of Alaska Department of Revenue now owns 113,103 shares of the insurance provider’s stock valued at $7,869,000 after purchasing an additional 1,420 shares during the last quarter. Institutional investors own 58.33% of the company’s stock.

Insider Transactions at Loews

In related news, Director Paul J. Fribourg sold 951 shares of Loews stock in a transaction on Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction of $71,344.02. Following the completion of the sale, the director now directly owns 21,200 shares of the company’s stock, valued at $1,590,424. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Paul J. Fribourg sold 951 shares of Loews stock in a transaction on Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction of $71,344.02. Following the completion of the sale, the director now directly owns 21,200 shares of the company’s stock, valued at $1,590,424. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew H. Tisch sold 125,000 shares of Loews stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $73.04, for a total value of $9,130,000.00. Following the sale, the director now directly owns 945,886 shares of the company’s stock, valued at $69,087,513.44. The disclosure for this sale can be found here. Insiders sold a total of 137,563 shares of company stock worth $10,052,551 over the last 90 days. 18.70% of the stock is owned by insiders.

Loews Trading Down 0.2 %

Shares of L opened at $73.14 on Thursday. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 11.61 and a beta of 0.83. Loews Co. has a 52-week low of $55.31 and a 52-week high of $78.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a fifty day moving average price of $75.39 and a two-hundred day moving average price of $70.68.

Loews (NYSE:L) last released its earnings results on Monday, February 5th. The insurance provider reported $1.99 earnings per share for the quarter. The company had revenue of $4.26 billion during the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%.

Loews Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.0625 per share. The ex-dividend date was Tuesday, February 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.34%. Loews’s payout ratio is currently 3.97%.

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 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.