Cerity Partners LLC Boosts Holdings in Loews Co. (NYSE:L)

Cerity Partners LLC raised its stake in Loews Co. (NYSE:L) by 30.5% during the fourth quarter, Holdings Channel reports. The fund owned 10,324 shares of the insurance provider’s stock after buying an additional 2,410 shares during the period. Cerity Partners LLC’s holdings in Loews were worth $718,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Optas LLC lifted its stake in Loews by 4.2% in the fourth quarter. Optas LLC now owns 7,935 shares of the insurance provider’s stock valued at $552,000 after purchasing an additional 320 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Loews in the fourth quarter valued at $397,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Loews during the 4th quarter valued at $195,000. International Assets Investment Management LLC bought a new position in shares of Loews during the 4th quarter worth $3,695,000. Finally, Nisa Investment Advisors LLC increased its holdings in Loews by 38.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 145,794 shares of the insurance provider’s stock worth $10,146,000 after acquiring an additional 40,517 shares during the last quarter. 58.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Loews

In other Loews news, SVP Richard Waldo Scott sold 7,325 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $74.12, for a total value of $542,929.00. Following the completion of the transaction, the senior vice president now owns 51,965 shares of the company’s stock, valued at approximately $3,851,645.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Richard Waldo Scott sold 7,325 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $74.12, for a total value of $542,929.00. Following the completion of the sale, the senior vice president now directly owns 51,965 shares in the company, valued at approximately $3,851,645.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul J. Fribourg sold 951 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $75.02, for a total transaction of $71,344.02. Following the transaction, the director now directly owns 21,200 shares in the company, valued at approximately $1,590,424. The disclosure for this sale can be found here. Insiders have sold a total of 137,563 shares of company stock valued at $10,052,551 in the last 90 days. Corporate insiders own 18.70% of the company’s stock.

Loews Price Performance

NYSE L opened at $76.75 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.48. The company has a market cap of $17.05 billion, a PE ratio of 12.18 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 firm’s 50-day simple moving average is $75.63 and its two-hundred day simple moving average is $71.11.

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

Loews Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Wednesday, February 21st were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Tuesday, February 20th. Loews’s dividend payout ratio (DPR) is presently 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.