Bridgefront Capital LLC Grows Stock Holdings in Loews Co. (NYSE:L)

Bridgefront Capital LLC boosted its stake in Loews Co. (NYSE:L - Free Report) by 127.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,674 shares of the insurance provider's stock after acquiring an additional 4,298 shares during the period. Bridgefront Capital LLC's holdings in Loews were worth $650,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in L. Halbert Hargrove Global Advisors LLC bought a new position in shares of Loews during the fourth quarter valued at $26,000. Itau Unibanco Holding S.A. increased its stake in Loews by 387.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 345 shares in the last quarter. Human Investing LLC purchased a new position in Loews in the fourth quarter worth about $51,000. Wilmington Savings Fund Society FSB bought a new position in shares of Loews in the third quarter worth approximately $49,000. Finally, Graney & King LLC purchased a new stake in shares of Loews during the fourth quarter valued at approximately $56,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

Loews Stock Performance

Shares of L traded up $0.11 during mid-day trading on Thursday, hitting $87.94. 859,704 shares of the company traded hands, compared to its average volume of 732,686. The stock has a market cap of $18.50 billion, a price-to-earnings ratio of 13.74 and a beta of 0.70. The stock has a 50-day moving average price of $86.54 and a two-hundred day moving average price of $84.88. Loews Co. has a 1 year low of $73.15 and a 1 year 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.

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

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.28%. Loews's dividend payout ratio is currently 3.91%.

Insider Buying and Selling at Loews

In other news, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $84.66, for a total value of $4,233,000.00. Following the completion of the sale, the director now directly owns 6,755,529 shares of the company's stock, valued at $571,923,085.14. This represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 147,636 shares of company stock valued at $12,530,344. Company insiders own 19.00% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Loews from a "hold" rating to a "buy" rating in a research report on Tuesday.

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.