Daymark Wealth Partners LLC Makes New $571,000 Investment in Loews Corporation $L

Daymark Wealth Partners LLC bought a new position in Loews Corporation (NYSE:L) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,426 shares of the insurance provider’s stock, valued at approximately $571,000.

A number of other institutional investors have also made changes to their positions in the company. SJS Investment Consulting Inc. boosted its holdings in Loews by 880.8% in the third quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 229 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Loews during the second quarter worth $27,000. Harbor Investment Advisory LLC acquired a new stake in shares of Loews during the fourth quarter worth $30,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of Loews in the 3rd quarter worth about $30,000. Finally, Westside Investment Management Inc. lifted its position in shares of Loews by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 370 shares of the insurance provider’s stock worth $37,000 after buying an additional 185 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors.

Insider Activity at Loews

In related news, Director Ann E. Berman sold 1,922 shares of Loews stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $110.16, for a total value of $211,727.52. Following the sale, the director directly owned 4,998 shares in the company, valued at $550,579.68. This trade represents a 27.77% decrease in their position. The sale was disclosed in a document filed 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 Wednesday, March 11th. The stock was sold at an average price of $108.81, for a total transaction of $5,440,500.00. Following the completion of the transaction, the director owned 12,480,400 shares of the company’s stock, valued at approximately $1,357,992,324. This trade represents a 0.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,417 shares of company stock worth $11,549,723 in the last ninety days. 19.00% of the stock is owned by insiders.

Loews Trading Up 0.4%

Shares of NYSE L opened at $106.77 on Friday. Loews Corporation has a 12-month low of $78.98 and a 12-month high of $114.90. The company has a market cap of $22.00 billion, a price-to-earnings ratio of 13.38 and a beta of 0.60. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $107.56 and its 200 day simple moving average is $104.26.

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

Loews Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, February 25th. Loews’s dividend payout ratio (DPR) is 3.13%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Loews in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

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.