Rhumbline Advisers Purchases 31,781 Shares of Loews Co. (NYSE:L)

Rhumbline Advisers increased its holdings in shares of Loews Co. (NYSE:L - Free Report) by 9.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 367,536 shares of the insurance provider's stock after buying an additional 31,781 shares during the quarter. Rhumbline Advisers owned 0.18% of Loews worth $33,780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Loews during the fourth quarter worth $26,000. Minot DeBlois Advisors LLC acquired a new position in Loews in the 4th quarter worth $27,000. Itau Unibanco Holding S.A. boosted its stake in Loews by 387.6% in the 4th 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 during the period. Human Investing LLC bought a new position in Loews during the 4th quarter worth about $51,000. Finally, Graney & King LLC acquired a new stake in shares of Loews in the 4th quarter valued at about $56,000. 58.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Loews

In other news, SVP Richard Waldo Scott sold 9,019 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $87.92, for a total value of $792,950.48. Following the completion of the transaction, the senior vice president now owns 33,901 shares of the company's stock, valued at approximately $2,980,575.92. This 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 can be accessed through the SEC website. Also, Director Jonathan M. Tisch sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $84.66, for a total transaction of $4,233,000.00. Following the completion of the sale, the director now owns 6,755,529 shares in the company, valued at approximately $571,923,085.14. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 106,655 shares of company stock valued at $9,069,294. 19.00% of the stock is currently owned by company insiders.

Loews Stock Performance

L stock traded up $0.58 during trading hours on Friday, hitting $89.19. 417,759 shares of the stock were exchanged, compared to its average volume of 723,014. Loews Co. has a 12 month low of $73.15 and a 12 month high of $92.42. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $18.70 billion, a P/E ratio of 13.94 and a beta of 0.71. The company has a 50-day simple moving average of $87.06 and a two-hundred day simple moving average of $85.90.

Loews (NYSE:L - Get Free Report) last released its quarterly earnings results 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 announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $0.0625 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.25 annualized dividend and a dividend yield of 0.28%. Loews's dividend payout ratio is presently 4.11%.

About Loews

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.