Focus Partners Wealth Raises Holdings in Loews Co. (NYSE:L)

Focus Partners Wealth increased its position in shares of Loews Co. (NYSE:L - Free Report) by 131.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,113 shares of the insurance provider's stock after purchasing an additional 7,448 shares during the period. Focus Partners Wealth's holdings in Loews were worth $1,111,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Loews during the 4th quarter worth $26,000. Itau Unibanco Holding S.A. boosted its holdings in Loews by 387.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider's stock worth $37,000 after buying an additional 345 shares in the last quarter. Human Investing LLC acquired a new position in Loews during the fourth quarter worth about $51,000. Graney & King LLC acquired a new position in Loews during the fourth quarter worth about $56,000. Finally, Intact Investment Management Inc. purchased a new position in Loews in the fourth quarter valued at about $68,000. 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 company's stock in a transaction that occurred on 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 transaction, the director now owns 7,105,529 shares of the company's stock, valued at approximately $604,538,407.32. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Richard Waldo Scott sold 9,019 shares of Loews stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $87.92, for a total transaction of $792,950.48. Following the completion of the sale, the senior vice president now directly owns 33,901 shares of the company's stock, valued at $2,980,575.92. The trade was a 21.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 156,655 shares of company stock worth $13,323,294 over the last ninety days. 18.70% of the stock is currently owned by insiders.

Loews Price Performance

Loews stock traded down $1.26 during trading hours on Wednesday, hitting $87.67. The stock had a trading volume of 711,521 shares, compared to its average volume of 727,880. Loews Co. has a 1-year low of $73.15 and a 1-year high of $92.42. The stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 13.70 and a beta of 0.70. The stock's fifty day moving average is $87.15 and its two-hundred day moving average is $85.39. 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 (NYSE:L - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.74 EPS for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%. The business had revenue of $4.49 billion for the quarter.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be given a $0.0625 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. Loews's dividend payout ratio is presently 4.11%.

Analyst Ratings Changes

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

Loews Profile

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.