Nisa Investment Advisors LLC Grows Position in Loews Corporation $L

Key Points

• Nisa Investment Advisors increased its stake in Loews by 24.2% in Q4 to 159,350 shares valued at $16.78 million, representing about 0.08% of the company.
• Insiders have been net sellers, disposing of 105,417 shares worth $11.55 million in the last three months (insiders now own 19%), while institutional investors collectively hold 58.33% of the stock.
• Loews trades near $106.66 with a $21.98 billion market cap and a 13.37 PE, reported $1.94 EPS last quarter, pays a $0.25 annual dividend (0.2% yield), and carries a consensus analyst rating of Strong Buy.

Nisa Investment Advisors LLC grew its holdings in shares of Loews Corporation (NYSE:L - Free Report) by 24.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,350 shares of the insurance provider's stock after purchasing an additional 31,077 shares during the quarter. Nisa Investment Advisors LLC owned about 0.08% of Loews worth $16,781,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Loews by 1.4% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 68,952 shares of the insurance provider's stock valued at $7,261,000 after buying an additional 952 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Loews in the 4th quarter valued at approximately $50,000. Beacon Investment Advisory Services Inc. grew its stake in Loews by 5.5% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 5,597 shares of the insurance provider's stock valued at $589,000 after buying an additional 290 shares in the last quarter. USA Financial Formulas bought a new stake in Loews during the 4th quarter valued at $149,000. Finally, Mirador Capital Partners LP raised its holdings in Loews by 2.1% during the 4th quarter. Mirador Capital Partners LP now owns 31,312 shares of the insurance provider's stock valued at $3,297,000 after acquiring an additional 642 shares during the period. Hedge funds and other institutional investors own 58.33% of the company's stock.

Insider Buying and Selling at Loews

In other Loews news, Director Ann E. Berman sold 1,922 shares of the firm's stock in a transaction 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 completion of the transaction, the director directly owned 4,998 shares of the company's stock, valued at $550,579.68. This trade represents a 27.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Marc A. Alpert sold 3,495 shares of the business's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $109.87, for a total transaction of $383,995.65. Following the transaction, the vice president owned 16,325 shares of the company's stock, valued at $1,793,627.75. This trade represents a 17.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 105,417 shares of company stock valued at $11,549,723 in the last three months. Company insiders own 19.00% of the company's stock.

Loews Trading Down 0.1%

Shares of L opened at $106.66 on Thursday. The business's 50-day moving average price is $107.83 and its 200-day moving average price is $104.56. Loews Corporation has a twelve month low of $78.98 and a twelve month high of $114.90. The stock has a market cap of $21.98 billion, a PE ratio of 13.37 and a beta of 0.59. 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 company had revenue of $4.73 billion during the quarter. Loews had a net margin of 9.03% and a return on equity of 8.86%.

Loews Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $0.25 annualized dividend and a yield of 0.2%. Loews's dividend payout ratio is currently 3.13%.

Wall Street Analysts Forecast Growth

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

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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