Caprock Group LLC Makes New $2.75 Million Investment in Loews Corporation $L

Caprock Group LLC acquired a new stake in Loews Corporation (NYSE:L) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 28,365 shares of the insurance provider’s stock, valued at approximately $2,748,000.

A number of other hedge funds have also made changes to their positions in the stock. Rhumbline Advisers lifted its position in Loews by 0.6% in the third quarter. Rhumbline Advisers now owns 372,192 shares of the insurance provider’s stock worth $37,364,000 after purchasing an additional 2,401 shares during the period. Stratos Investment Management LLC acquired a new stake in shares of Loews in the third quarter valued at $217,000. Wealthfront Advisers LLC boosted its stake in Loews by 4.0% during the third quarter. Wealthfront Advisers LLC now owns 53,494 shares of the insurance provider’s stock valued at $5,370,000 after buying an additional 2,065 shares in the last quarter. Profund Advisors LLC bought a new position in Loews during the third quarter valued at about $226,000. Finally, Francis Financial Inc. acquired a new position in Loews during the third quarter worth about $181,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Insider Buying and Selling at Loews

In other Loews news, VP Marc A. Alpert sold 3,495 shares of Loews stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $109.87, for a total transaction of $383,995.65. Following the transaction, the vice president owned 16,325 shares of the company’s stock, valued at $1,793,627.75. The trade was a 17.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andrew H. Tisch sold 50,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $105.07, for a total value of $5,253,500.00. Following the completion of the transaction, the director owned 12,909,642 shares in the company, valued at $1,356,416,084.94. This represents a 0.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 131,187 shares of company stock valued at $13,921,541 in the last ninety days. Company insiders own 19.00% of the company’s stock.

Loews Price Performance

L stock opened at $110.02 on Friday. Loews Corporation has a one year low of $78.98 and a one year high of $114.90. The firm has a 50-day moving average of $105.35 and a two-hundred day moving average of $101.33. The firm has a market capitalization of $22.67 billion, a PE ratio of 13.79 and a beta of 0.61. The company has a current ratio of 0.36, a quick ratio of 0.35 and a debt-to-equity ratio of 0.43.

Loews (NYSE:L) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $1.94 earnings per share (EPS) for the quarter. The business had revenue of $4.73 billion for the quarter. Loews had a net margin of 9.03% and a return on equity of 8.86%.

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, February 25th. Loews’s dividend payout ratio (DPR) is 3.13%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Loews in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Loews has a consensus rating of “Strong Buy”.

About Loews

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.