30,217 Shares in Loews Co. (NYSE:L) Bought by Teza Capital Management LLC

Teza Capital Management LLC purchased a new position in shares of Loews Co. (NYSE:L - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,217 shares of the insurance provider's stock, valued at approximately $2,559,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in Loews by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,287,833 shares of the insurance provider's stock worth $109,067,000 after purchasing an additional 77,386 shares during the period. Fidelis Capital Partners LLC purchased a new position in Loews in the 4th quarter valued at about $440,000. Y Intercept Hong Kong Ltd purchased a new position in Loews in the 4th quarter valued at about $425,000. Steward Partners Investment Advisory LLC boosted its position in Loews by 13.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,433 shares of the insurance provider's stock valued at $206,000 after buying an additional 288 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Loews by 14.8% in the 4th quarter. Prudential Financial Inc. now owns 162,256 shares of the insurance provider's stock valued at $13,741,000 after buying an additional 20,874 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the sale, the director now owns 7,105,529 shares in the company, valued at $604,538,407.32. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Richard Waldo Scott sold 9,019 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $87.92, for a total transaction of $792,950.48. Following the sale, the senior vice president now owns 33,901 shares in the company, valued at approximately $2,980,575.92. This trade represents a 21.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,655 shares of company stock worth $13,323,294. 19.00% of the stock is currently owned by corporate insiders.

Loews Stock Performance

NYSE:L opened at $89.37 on Friday. The stock has a market cap of $18.74 billion, a P/E ratio of 13.96 and a beta of 0.70. The firm has a 50-day moving average of $86.96 and a two-hundred day moving average of $85.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. Loews Co. has a 1-year low of $73.15 and a 1-year high of $92.42.

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

Loews Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is 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%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Loews from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th.

About Loews

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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