5,296 Shares in Loews Co. (NYSE:L) Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in shares of Loews Co. (NYSE:L - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,296 shares of the insurance provider's stock, valued at approximately $449,000.

Several other institutional investors have also added to or reduced their stakes in L. Barclays PLC boosted its position in Loews by 13.1% during the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider's stock valued at $59,473,000 after buying an additional 87,259 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Loews by 7.0% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 19,101 shares of the insurance provider's stock valued at $1,618,000 after buying an additional 1,252 shares during the period. PFG Investments LLC purchased a new stake in Loews during the fourth quarter valued at about $207,000. Blue Trust Inc. boosted its position in Loews by 24.0% during the fourth quarter. Blue Trust Inc. now owns 2,927 shares of the insurance provider's stock valued at $231,000 after buying an additional 567 shares during the period. Finally, Perigon Wealth Management LLC raised its stake in shares of Loews by 5.9% during the fourth quarter. Perigon Wealth Management LLC now owns 3,306 shares of the insurance provider's stock valued at $285,000 after acquiring an additional 183 shares during the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Loews news, SVP Richard Waldo Scott sold 9,019 shares of the company's 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 sale, the senior vice president now owns 33,901 shares in the company, valued at approximately $2,980,575.92. This 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 can be accessed through this link. Also, Director Jonathan M. Tisch sold 47,636 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the completion of the sale, the director now owns 6,705,529 shares in the company, valued at approximately $569,165,301.52. This trade represents a 0.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,655 shares of company stock valued at $9,069,294 over the last three months. Corporate insiders own 19.00% of the company's stock.

Loews Trading Up 0.7%

Shares of NYSE:L traded up $0.62 during midday trading on Thursday, hitting $88.72. 585,033 shares of the stock traded hands, compared to its average volume of 728,771. The stock has a market capitalization of $18.60 billion, a PE ratio of 13.86 and a beta of 0.70. The business's 50 day moving average is $87.23 and its two-hundred day moving average is $85.66. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a one year low of $73.15 and a one year high of $92.42.

Loews (NYSE:L - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The insurance provider reported $1.74 earnings per share (EPS) for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%. The company had revenue of $4.49 billion during the quarter.

Loews Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Wednesday, May 28th. Loews's payout ratio is currently 4.11%.

Analyst Ratings Changes

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

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.