Loews Co. (NYSE:L) Shares Bought by First Trust Advisors LP

First Trust Advisors LP raised its position in Loews Co. (NYSE:L - Free Report) by 51.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 531,038 shares of the insurance provider's stock after buying an additional 179,772 shares during the quarter. First Trust Advisors LP owned approximately 0.24% of Loews worth $44,974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of L. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Loews in the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Loews in the 3rd quarter valued at approximately $49,000. Human Investing LLC purchased a new stake in Loews in the 4th quarter valued at approximately $51,000. Graney & King LLC purchased a new position in shares of Loews during the 4th quarter worth approximately $56,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Loews in the 4th quarter valued at approximately $68,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Loews Price Performance

L traded down $0.07 on Tuesday, hitting $85.89. 48,791 shares of the company were exchanged, compared to its average volume of 729,699. Loews Co. has a fifty-two week low of $73.15 and a fifty-two week high of $92.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market capitalization of $18.07 billion, a P/E ratio of 13.44 and a beta of 0.60. The business's fifty day moving average is $86.17 and its 200 day moving average is $84.59.

Loews (NYSE:L - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 earnings per share for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. Loews's dividend payout ratio (DPR) is 3.91%.

Analyst Ratings Changes

Separately, StockNews.com cut Loews from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

Insider Activity at Loews

In related news, Director Jonathan M. Tisch sold 3,691 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total transaction of $320,710.99. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonathan M. Tisch sold 47,636 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $84.88, for a total value of $4,043,343.68. Following the completion of the transaction, the director now owns 6,705,529 shares of the company's stock, valued at $569,165,301.52. This trade represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,327 shares of company stock valued at $12,851,055. 18.70% of the stock is owned by corporate 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.