Farther Finance Advisors LLC Has $392,000 Stock Holdings in Loews Co. (NYSE:L)

Farther Finance Advisors LLC lifted its holdings in shares of Loews Co. (NYSE:L) by 65.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,254 shares of the insurance provider’s stock after acquiring an additional 1,683 shares during the period. Farther Finance Advisors LLC’s holdings in Loews were worth $392,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Loews during the fourth quarter valued at approximately $623,493,000. GAMMA Investing LLC boosted its position in Loews by 10,114.9% in the 1st quarter. GAMMA Investing LLC now owns 672,138 shares of the insurance provider’s stock valued at $61,776,000 after buying an additional 665,558 shares during the last quarter. Boston Partners increased its stake in shares of Loews by 16.9% in the 4th quarter. Boston Partners now owns 1,499,417 shares of the insurance provider’s stock valued at $126,983,000 after buying an additional 217,115 shares during the period. Geode Capital Management LLC raised its position in shares of Loews by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 4,476,087 shares of the insurance provider’s stock worth $378,087,000 after acquiring an additional 210,594 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Loews by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,409 shares of the insurance provider’s stock worth $120,549,000 after acquiring an additional 207,568 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Loews from a “hold” rating to a “buy” rating in a research report on Tuesday, May 6th.

Insiders Place Their Bets

In other Loews news, SVP Richard Waldo Scott sold 9,019 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $87.92, for a total transaction of $792,950.48. Following the transaction, the senior vice president now owns 33,901 shares of the company’s stock, valued at $2,980,575.92. The trade was a 21.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 19.00% of the company’s stock.

Loews Stock Performance

L stock opened at $88.53 on Tuesday. Loews Co. has a twelve month low of $73.15 and a twelve month high of $92.42. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The company has a market cap of $18.56 billion, a P/E ratio of 13.83 and a beta of 0.71. The business’s fifty day moving average is $87.43 and its 200-day moving average is $86.03.

Loews (NYSE:L) last posted its earnings results on Monday, May 5th. The insurance provider reported $1.74 earnings per share for the quarter. The firm had revenue of $4.49 billion for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were issued a $0.0625 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.28%. Loews’s dividend payout ratio (DPR) is presently 4.11%.

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.