Moody Lynn & Lieberson LLC Invests $329,000 in Loews Corporation (NYSE:L)

Moody Lynn & Lieberson LLC purchased a new stake in shares of Loews Corporation (NYSE:L - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,578 shares of the insurance provider's stock, valued at approximately $329,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Novem Group bought a new position in shares of Loews during the 4th quarter worth $678,000. SG Americas Securities LLC grew its position in shares of Loews by 589.9% during the 1st quarter. SG Americas Securities LLC now owns 10,162 shares of the insurance provider's stock worth $934,000 after buying an additional 8,689 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Loews during the 4th quarter worth $440,000. Steward Partners Investment Advisory LLC grew its position in shares of Loews by 13.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,433 shares of the insurance provider's stock worth $206,000 after buying an additional 288 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Loews by 14.8% during the 4th quarter. Prudential Financial Inc. now owns 162,256 shares of the insurance provider's stock worth $13,741,000 after buying an additional 20,874 shares in the last quarter. Hedge funds and other institutional investors own 58.33% of the company's stock.

Loews Stock Up 1.1%

L stock traded up $1.05 during trading on Friday, reaching $92.39. 500,770 shares of the company traded hands, compared to its average volume of 733,268. Loews Corporation has a 12 month low of $73.85 and a 12 month high of $92.60. The business has a 50 day simple moving average of $88.78 and a 200 day simple moving average of $86.56. The company has a market capitalization of $19.37 billion, a price-to-earnings ratio of 15.17 and a beta of 0.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.33 and a current ratio of 0.33.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.74 earnings per share for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%. The company had revenue of $4.49 billion for the quarter.

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Wednesday, May 28th. Loews's payout ratio is currently 4.11%.

Insiders Place Their Bets

In related news, SVP Richard Waldo Scott sold 9,019 shares of the firm's 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 owned 33,901 shares of the company's stock, valued at $2,980,575.92. This trade represents a 21.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 19.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Loews from a "hold" rating to a "buy" rating in a research report 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.