Loews Corporation (NYSE:L) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in Loews Corporation (NYSE:L - Free Report) by 36.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,029 shares of the insurance provider's stock after purchasing an additional 32,500 shares during the period. Nisa Investment Advisors LLC owned approximately 0.06% of Loews worth $11,216,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of L. Wayfinding Financial LLC acquired a new stake in Loews during the first quarter worth about $25,000. Sierra Ocean LLC grew its holdings in Loews by 805.9% during the first quarter. Sierra Ocean LLC now owns 308 shares of the insurance provider's stock worth $28,000 after acquiring an additional 274 shares during the period. Minot DeBlois Advisors LLC purchased a new position in Loews during the fourth quarter worth approximately $27,000. Itau Unibanco Holding S.A. boosted its position 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 purchasing an additional 345 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Loews during the first quarter worth approximately $40,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Loews Price Performance

Shares of NYSE L traded up $1.10 during midday trading on Monday, hitting $91.69. The stock had a trading volume of 746,518 shares, compared to its average volume of 740,599. The company has a market capitalization of $19.23 billion, a PE ratio of 15.06 and a beta of 0.70. The stock has a 50 day simple moving average of $89.21 and a 200-day simple moving average of $86.83. Loews Corporation has a 1 year low of $75.16 and a 1 year high of $92.85. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.47.

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

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.0625 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.25 annualized dividend and a yield of 0.27%. Loews's dividend payout ratio (DPR) is 4.11%.

Wall Street Analyst Weigh In

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

Insider Transactions at Loews

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. 19.00% of the stock is currently owned by company insiders.

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.