B. Metzler seel. Sohn & Co. AG Acquires 51,921 Shares of Loews Corporation $L

Key Points

• B. Metzler seel. Sohn & Co. AG boosted its stake in Loews by 1,028.7% in Q4, buying 51,921 shares to hold 56,968 shares valued at about $6.01 million.
• Company insiders sold a total of 105,417 shares worth $11.55 million last quarter, including Director Andrew H. Tisch’s sale of 50,000 shares for $5.44 million, leaving insiders with about 19.0% ownership.
• Weiss Ratings reiterated a Buy (A–) on Loews and MarketBeat lists an average analyst rating of Strong Buy; the stock trades near $112 with a market cap of $23.13 billion, a P/E of 14.08 and a 0.2% dividend yield.

B. Metzler seel. Sohn & Co. AG boosted its holdings in Loews Corporation (NYSE:L - Free Report) by 1,028.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,968 shares of the insurance provider's stock after purchasing an additional 51,921 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Loews were worth $6,008,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CPC Advisors LLC bought a new stake in Loews in the third quarter worth approximately $6,568,000. Swedbank AB increased its holdings in Loews by 9.7% in the third quarter. Swedbank AB now owns 443,106 shares of the insurance provider's stock worth $44,483,000 after purchasing an additional 39,313 shares in the last quarter. Cibc World Market Inc. increased its holdings in Loews by 448.6% in the third quarter. Cibc World Market Inc. now owns 24,540 shares of the insurance provider's stock worth $2,464,000 after purchasing an additional 20,067 shares in the last quarter. Caprock Group LLC bought a new stake in Loews in the third quarter worth approximately $2,748,000. Finally, Truist Financial Corp increased its holdings in Loews by 388.3% in the third quarter. Truist Financial Corp now owns 14,331 shares of the insurance provider's stock worth $1,439,000 after purchasing an additional 11,396 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Andrew H. Tisch sold 50,000 shares of the business's stock in a transaction that occurred on 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 sale, the director owned 12,480,400 shares in the company, valued at $1,357,992,324. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann E. Berman sold 1,922 shares of the business's stock in a transaction that occurred on 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 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 SEC filing for this sale provides additional information. Insiders sold a total of 105,417 shares of company stock worth $11,549,723 over the last quarter. 19.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Loews Trading Up 1.6%

NYSE L opened at $112.39 on Friday. The company has a market cap of $23.13 billion, a price-to-earnings ratio of 14.08 and a beta of 0.59. Loews Corporation has a 52 week low of $84.68 and a 52 week high of $114.90. The business has a 50 day moving average price of $108.84 and a 200-day moving average price of $105.76. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.43.

Loews (NYSE:L - Get Free Report) last released 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. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.0625 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. Loews's 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.

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