Sequoia Financial Advisors LLC Acquires Shares of 5,708 Loews Co. (NYSE:L)

Sequoia Financial Advisors LLC acquired a new stake in Loews Co. (NYSE:L) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,708 shares of the insurance provider’s stock, valued at approximately $397,000.

A number of other large investors also recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC bought a new position in shares of Loews in the fourth quarter valued at approximately $195,000. International Assets Investment Management LLC bought a new position in shares of Loews in the fourth quarter valued at approximately $3,695,000. Nisa Investment Advisors LLC lifted its holdings in shares of Loews by 38.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 145,794 shares of the insurance provider’s stock valued at $10,146,000 after purchasing an additional 40,517 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Loews by 3.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,679 shares of the insurance provider’s stock valued at $1,857,000 after purchasing an additional 933 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Loews by 25.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 28,674 shares of the insurance provider’s stock worth $1,980,000 after acquiring an additional 5,903 shares during the period. Institutional investors own 58.33% of the company’s stock.

Insiders Place Their Bets

In other Loews news, SVP Richard Waldo Scott sold 7,325 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $74.12, for a total value of $542,929.00. Following the transaction, the senior vice president now owns 51,965 shares of the company’s stock, valued at $3,851,645.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Richard Waldo Scott sold 7,325 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $74.12, for a total transaction of $542,929.00. Following the transaction, the senior vice president now owns 51,965 shares of the company’s stock, valued at approximately $3,851,645.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew H. Tisch sold 125,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $73.04, for a total value of $9,130,000.00. Following the transaction, the director now directly owns 945,886 shares in the company, valued at approximately $69,087,513.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,563 shares of company stock valued at $10,052,551. Insiders own 18.70% of the company’s stock.

Loews Stock Down 0.2 %

L stock opened at $73.14 on Thursday. The stock’s fifty day simple moving average is $75.39 and its two-hundred day simple moving average is $70.68. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.48. Loews Co. has a 1-year low of $55.31 and a 1-year high of $78.55. The stock has a market cap of $16.25 billion, a P/E ratio of 11.61 and a beta of 0.83.

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

Loews Dividend Announcement

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

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.