International Assets Investment Management LLC Acquires Shares of 53,097 Loews Co. (NYSE:L)

International Assets Investment Management LLC acquired a new position in shares of Loews Co. (NYSE:L - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 53,097 shares of the insurance provider's stock, valued at approximately $3,695,000.

Several other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in shares of Loews in the 3rd quarter worth $29,000. Operose Advisors LLC acquired a new stake in shares of Loews in the 3rd quarter worth $30,000. Eagle Bay Advisors LLC acquired a new stake in Loews during the 2nd quarter worth about $36,000. Rockefeller Capital Management L.P. lifted its position in Loews by 40.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 705 shares of the insurance provider's stock worth $40,000 after acquiring an additional 202 shares during the period. Finally, Altshuler Shaham Ltd acquired a new stake in Loews during the 4th quarter worth about $48,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Loews Stock Performance

L traded up $0.70 on Thursday, reaching $73.84. 649,019 shares of the stock were exchanged, compared to its average volume of 762,703. The company's 50-day moving average price is $75.42 and its 200 day moving average price is $70.70. Loews Co. has a fifty-two week low of $55.31 and a fifty-two week high of $78.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.32 and a quick ratio of 0.32. The firm has a market capitalization of $16.41 billion, a PE ratio of 11.72 and a beta of 0.83.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings data on Monday, February 5th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter. The business had revenue of $4.26 billion during the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Wednesday, February 21st were paid a $0.0625 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $0.25 annualized dividend and a dividend yield of 0.34%. Loews's dividend payout ratio is presently 3.97%.

Insider Activity at Loews

In related news, insider Jonathan M. Tisch sold 4,287 shares of Loews stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $71.91, for a total value of $308,278.17. Following the completion of the transaction, the insider now owns 106,870 shares in the company, valued at approximately $7,685,021.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Loews news, Director Paul J. Fribourg sold 951 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction of $71,344.02. Following the completion of the sale, the director now directly owns 21,200 shares in the company, valued at approximately $1,590,424. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jonathan M. Tisch sold 4,287 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $71.91, for a total value of $308,278.17. Following the sale, the insider now owns 106,870 shares of the company's stock, valued at $7,685,021.70. The disclosure for this sale can be found here. Insiders sold a total of 137,563 shares of company stock worth $10,052,551 in the last 90 days. Corporate insiders own 18.70% of the company's stock.

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.