Atria Wealth Solutions Inc. Lowers Stock Position in Loews Co. (NYSE:L)

Atria Wealth Solutions Inc. decreased its stake in shares of Loews Co. (NYSE:L) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,232 shares of the insurance provider’s stock after selling 504 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Loews were worth $2,243,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in L. Assenagon Asset Management S.A. lifted its holdings in shares of Loews by 316.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 580,107 shares of the insurance provider’s stock valued at $36,727,000 after buying an additional 440,693 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Loews by 118.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 286,708 shares of the insurance provider’s stock valued at $18,151,000 after purchasing an additional 155,713 shares during the period. Barclays PLC boosted its holdings in Loews by 34.9% during the third quarter. Barclays PLC now owns 577,591 shares of the insurance provider’s stock worth $36,568,000 after buying an additional 149,500 shares in the last quarter. Bank of Nova Scotia grew its position in Loews by 115.4% during the third quarter. Bank of Nova Scotia now owns 270,421 shares of the insurance provider’s stock valued at $17,120,000 after buying an additional 144,902 shares during the period. Finally, Jump Financial LLC increased its holdings in Loews by 3,984.2% in the third quarter. Jump Financial LLC now owns 146,910 shares of the insurance provider’s stock valued at $9,301,000 after buying an additional 143,313 shares in the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Loews Price Performance

Shares of Loews stock opened at $75.82 on Tuesday. The firm has a market cap of $16.85 billion, a PE ratio of 12.03 and a beta of 0.83. Loews Co. has a twelve month low of $55.94 and a twelve month high of $78.55. 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 business has a 50-day moving average price of $75.77 and a 200 day moving average price of $71.45.

Loews (NYSE:L) last announced its earnings results 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 during the quarter.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders 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 dividend yield of 0.33%. Loews’s dividend payout ratio (DPR) is 3.97%.

Insider Transactions at Loews

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

Loews Company 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.