10 hours Ago By ABMN Staff
Empowered Funds LLC increased its stake in shares of Loews Co. ( NYSE:L – Free Report ) by 13.5% during the fourth quarter, HoldingsChannel.
com reports. The institutional investor owned 3,393 shares of the insurance provider’s stock after acquiring an additional 403 shares during the period. Empowered Funds LLC’s holdings in Loews were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in L. Brooklyn Investment Group acquired a new stake in Loews in the third quarter valued at about $40,000. Eastern Bank acquired a new stake in shares of Loews during the 3rd quarter valued at approximately $47,000.
Wilmington Savings Fund Society FSB acquired a new stake in shares of Loews during the 3rd quarter valued at approximately $49,000. Quest Partners LLC acquired a new stake in shares of Loews during the 3rd quarter valued at approximately $129,000. Finally, Blue Trust Inc.
lifted its position in shares of Loews by 240.5% during the 3rd quarter. Blue Trust Inc.
now owns 2,360 shares of the insurance provider’s stock valued at $176,000 after acquiring an additional 1,667 shares during the period. Hedge funds and other institutional investors own 58.33% of the company’s stock.
Insider Buying and Selling In other news, Director Andrew H. Tisch sold 7,533 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $84.
35, for a total transaction of $635,408.55. Following the completion of the sale, the director now directly owns 1,568,191 shares of the company’s stock, valued at $132,276,910.
85. The trade was a 0.48 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Also, Director Charles M. Diker sold 1,146 shares of the business’s stock in a transaction on Monday, December 2nd.
The shares were sold at an average price of $86.83, for a total transaction of $99,507.18.
Following the sale, the director now directly owns 19,906 shares of the company’s stock, valued at $1,728,437.98. This represents a 5.
44 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 12,370 shares of company stock worth $1,055,627 in the last ninety days.
Insiders own 18.70% of the company’s stock. Analyst Upgrades and Downgrades View Our Latest Research Report on L Loews Price Performance L stock opened at $82.
72 on Friday. The firm has a 50 day moving average of $84.40 and a 200-day moving average of $82.
08. Loews Co. has a 12-month low of $72.
91 and a 12-month high of $88.29. The company has a current ratio of 0.
34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.
The company has a market cap of $17.61 billion, a price-to-earnings ratio of 12.93 and a beta of 0.
83. Loews ( NYSE:L – Get Free Report ) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.
86 earnings per share (EPS) for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.
08%. Loews Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be given a dividend of $0.
0625 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.
25 annualized dividend and a dividend yield of 0.30%. Loews’s dividend payout ratio is currently 3.
91%. About Loews ( Free Report ) 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.
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