CPC Advisors LLC Raises Holdings in Loews Corporation $L

CPC Advisors LLC boosted its stake in shares of Loews Corporation (NYSE:L) by 8.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,846 shares of the insurance provider’s stock after acquiring an additional 5,424 shares during the quarter. CPC Advisors LLC’s holdings in Loews were worth $7,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Loews during the 4th quarter valued at about $27,000. SJS Investment Consulting Inc. boosted its holdings in Loews by 880.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 229 shares during the period. Harbor Investment Advisory LLC purchased a new stake in Loews during the 4th quarter valued at about $30,000. Private Trust Co. NA boosted its holdings in Loews by 896.7% during the 4th quarter. Private Trust Co. NA now owns 299 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 269 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Loews during the 3rd quarter valued at about $30,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Loews

In other news, Director Ann E. Berman sold 1,922 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $110.16, for a total value of $211,727.52. Following the completion of the transaction, the director owned 4,998 shares of the company’s stock, valued at approximately $550,579.68. This represents a 27.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $108.81, for a total value of $5,440,500.00. Following the completion of the transaction, the director directly owned 12,480,400 shares of the company’s stock, valued at $1,357,992,324. This represents a 0.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 105,417 shares of company stock valued at $11,549,723. Corporate insiders own 19.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Loews in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Loews Trading Up 0.4%

L opened at $111.55 on Wednesday. The business has a 50 day simple moving average of $108.79 and a two-hundred day simple moving average of $105.68. The firm has a market capitalization of $22.95 billion, a price-to-earnings ratio of 13.98 and a beta of 0.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.36 and a quick ratio of 0.36. Loews Corporation has a one year low of $84.12 and a one year high of $114.90.

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

Loews Announces Dividend

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

Loews Profile

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.