53,097 Shares in Loews Co. (NYSE:L) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of Loews Co. (NYSE:L) in the 4th quarter, HoldingsChannel.com reports. The fund bought 53,097 shares of the insurance provider’s stock, valued at approximately $3,695,000.

Several other institutional investors have also recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its holdings in shares of Loews by 8.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,221 shares of the insurance provider’s stock valued at $267,000 after acquiring an additional 313 shares in the last quarter. Brown Advisory Inc. acquired a new position in shares of Loews in the third quarter valued at approximately $244,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Loews by 1.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,276 shares of the insurance provider’s stock valued at $2,360,000 after buying an additional 480 shares during the last quarter. IFM Investors Pty Ltd boosted its position in Loews by 4.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 37,930 shares of the insurance provider’s stock worth $2,401,000 after buying an additional 1,499 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Loews by 2.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,746 shares of the insurance provider’s stock worth $1,630,000 after acquiring an additional 553 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Price Performance

L stock opened at $77.73 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32. Loews Co. has a 52-week low of $55.94 and a 52-week high of $78.55. The company has a market capitalization of $17.27 billion, a P/E ratio of 12.34 and a beta of 0.82. The company has a fifty day moving average price of $76.11 and a 200-day moving average price of $72.05.

Loews (NYSE:L) last announced its earnings results on Monday, May 6th. The insurance provider reported $2.05 EPS for the quarter. The firm 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%.

Insider Activity at Loews

In other news, Director Andrew H. Tisch sold 125,000 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $73.04, for a total transaction of $9,130,000.00. Following the completion of the sale, the director now directly owns 945,886 shares in the company, valued at $69,087,513.44. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Loews news, Director Andrew H. Tisch sold 125,000 shares of Loews stock in a transaction that occurred on 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 in the company, valued at $69,087,513.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Richard Waldo Scott sold 7,325 shares of the stock in a transaction that occurred 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 in the company, valued at $3,851,645.80. The disclosure for this sale can be found here. Insiders have sold 133,276 shares of company stock worth $9,744,273 over the last ninety days. Insiders own 18.70% of the company’s stock.

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.