Russell Investments Group Ltd. Boosts Stock Position in Loews Co. (NYSE:L)

Russell Investments Group Ltd. boosted its position in shares of Loews Co. (NYSE:L) by 15.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 116,377 shares of the insurance provider’s stock after purchasing an additional 15,968 shares during the period. Russell Investments Group Ltd.’s holdings in Loews were worth $8,097,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in shares of Loews during the third quarter worth about $29,000. Operose Advisors LLC purchased a new position in Loews in the third quarter worth approximately $30,000. Desjardins Global Asset Management Inc. grew its holdings in Loews by 225.2% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 491 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 340 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Loews by 41.4% in the 4th quarter. Lindbrook Capital LLC now owns 611 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 179 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Loews during the 4th quarter worth $195,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Loews Stock Performance

NYSE:L opened at $77.81 on Wednesday. Loews Co. has a 12 month low of $55.94 and a 12 month high of $78.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.32 and a quick ratio of 0.32. The firm has a market capitalization of $17.29 billion, a PE ratio of 12.35 and a beta of 0.82. The business’s fifty day moving average price is $76.01 and its 200 day moving average price is $71.97.

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

Insider Buying and Selling

In other news, Director Andrew H. Tisch sold 125,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly owns 945,886 shares of the company’s stock, valued at approximately $69,087,513.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Loews news, Director Andrew H. Tisch sold 125,000 shares of Loews 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 $69,087,513.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jonathan M. Tisch sold 4,287 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $71.91, for a total value of $308,278.17. Following the completion of the transaction, the insider now owns 106,870 shares in the company, valued at approximately $7,685,021.70. The disclosure for this sale can be found here. Insiders have sold 137,563 shares of company stock worth $10,052,551 in the last ninety days. 18.70% of the stock is owned by corporate insiders.

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.