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

Moody Lynn & Lieberson LLC acquired a new position in Loews Corporation (NYSE:L - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,578 shares of the insurance provider's stock, valued at approximately $329,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Loews in the fourth quarter valued at about $623,493,000. GAMMA Investing LLC boosted its position in Loews by 10,114.9% during the first quarter. GAMMA Investing LLC now owns 672,138 shares of the insurance provider's stock worth $61,776,000 after acquiring an additional 665,558 shares during the last quarter. Boston Partners grew its stake in Loews by 16.9% during the 4th quarter. Boston Partners now owns 1,499,417 shares of the insurance provider's stock valued at $126,983,000 after acquiring an additional 217,115 shares in the last quarter. Geode Capital Management LLC raised its holdings in Loews by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 4,476,087 shares of the insurance provider's stock valued at $378,087,000 after acquiring an additional 210,594 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Loews by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,409 shares of the insurance provider's stock worth $120,549,000 after purchasing an additional 207,568 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Loews from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th.

Loews Trading Up 1.2%

Shares of NYSE L traded up $1.10 during trading on Thursday, hitting $92.44. 198,201 shares of the company were exchanged, compared to its average volume of 732,972. The company has a fifty day moving average price of $88.52 and a 200-day moving average price of $86.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $19.38 billion, a PE ratio of 15.19 and a beta of 0.70. Loews Corporation has a 12-month low of $73.15 and a 12-month high of $92.55.

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

Loews Dividend Announcement

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

Insiders Place Their Bets

In other Loews news, SVP Richard Waldo Scott sold 9,019 shares of the firm's stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 19.00% of the company's stock.

Loews Company 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.