First Trust Direct Indexing L.P. Raises Stock Holdings in Loews Co. (NYSE:L)

First Trust Direct Indexing L.P. raised its holdings in Loews Co. (NYSE:L) by 18.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,361 shares of the insurance provider’s stock after purchasing an additional 668 shares during the period. First Trust Direct Indexing L.P.’s holdings in Loews were worth $303,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in L. Savant Capital LLC lifted its position in shares of Loews by 6.1% during the fourth quarter. Savant Capital LLC now owns 7,087 shares of the insurance provider’s stock worth $493,000 after purchasing an additional 405 shares during the last quarter. Chase Investment Counsel Corp grew its position in shares of Loews by 0.5% in the 4th quarter. Chase Investment Counsel Corp now owns 36,553 shares of the insurance provider’s stock worth $2,543,000 after acquiring an additional 190 shares in the last quarter. PGGM Investments increased its holdings in shares of Loews by 7.5% in the 4th quarter. PGGM Investments now owns 172,884 shares of the insurance provider’s stock valued at $12,031,000 after acquiring an additional 12,047 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Loews by 15.9% during the fourth quarter. Russell Investments Group Ltd. now owns 116,377 shares of the insurance provider’s stock worth $8,097,000 after purchasing an additional 15,968 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC bought a new stake in Loews during the fourth quarter valued at $219,000. Institutional investors own 58.33% of the company’s stock.

Insider Activity

In related news, SVP Richard Waldo Scott sold 7,325 shares of Loews 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 sale, the senior vice president now directly owns 51,965 shares in the company, valued at $3,851,645.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Andrew H. Tisch sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $73.04, for a total transaction of $9,130,000.00. Following the completion of the transaction, the director now owns 945,886 shares of the company’s stock, valued at $69,087,513.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 directly owns 51,965 shares of the company’s stock, valued at $3,851,645.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,563 shares of company stock valued at $10,052,551. Insiders own 18.70% of the company’s stock.

Loews Trading Up 0.1 %

NYSE L opened at $77.81 on Wednesday. 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 company has a 50-day simple moving average of $76.01 and a 200-day simple moving average of $71.97. Loews Co. has a one year low of $55.94 and a one year high of $78.55. The firm has a market capitalization of $17.29 billion, a PE ratio of 12.35 and a beta of 0.82.

Loews (NYSE:L) last announced its quarterly earnings results on Monday, May 6th. The insurance provider reported $2.05 earnings per share for the quarter. The business had revenue of $4.23 billion for the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%.

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.