Fielder Capital Group LLC Purchases New Position in Loews Co. (NYSE:L)

Fielder Capital Group LLC bought a new stake in Loews Co. (NYSE:L - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,294 shares of the insurance provider's stock, valued at approximately $925,000.

Several other hedge funds also recently made changes to their positions in L. Assenagon Asset Management S.A. increased its position in Loews by 316.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 580,107 shares of the insurance provider's stock valued at $36,727,000 after buying an additional 440,693 shares in the last quarter. LSV Asset Management purchased a new position in shares of Loews in the 4th quarter worth about $12,658,000. The Manufacturers Life Insurance Company boosted its stake in Loews by 118.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 286,708 shares of the insurance provider's stock worth $18,151,000 after purchasing an additional 155,713 shares in the last quarter. Barclays PLC grew its position in Loews by 34.9% during the 3rd quarter. Barclays PLC now owns 577,591 shares of the insurance provider's stock valued at $36,568,000 after purchasing an additional 149,500 shares during the last quarter. Finally, Bank of Nova Scotia increased its stake in Loews by 115.4% during the 3rd quarter. Bank of Nova Scotia now owns 270,421 shares of the insurance provider's stock valued at $17,120,000 after purchasing an additional 144,902 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Loews Stock Performance

Shares of NYSE:L traded up $0.07 during midday trading on Tuesday, reaching $77.81. 616,241 shares of the company's stock traded hands, compared to its average volume of 748,764. Loews Co. has a one year low of $55.94 and a one year high of $78.55. The stock has a 50 day moving average of $76.01 and a 200 day moving average of $71.97. The company has a market cap of $17.29 billion, a price-to-earnings ratio of 12.35 and a beta of 0.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32.

Loews (NYSE:L - Get Free Report) last released its quarterly earnings data on Monday, May 6th. The insurance provider reported $2.05 earnings per share for the quarter. The firm had revenue of $4.23 billion during the quarter. Loews had a net margin of 9.02% and a return on equity of 9.18%.

Insider Buying and Selling at Loews

In other news, insider Jonathan M. Tisch sold 4,287 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 106,870 shares in the company, valued at approximately $7,685,021.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 transaction of $308,278.17. Following the completion of the transaction, the insider now directly owns 106,870 shares in the company, valued at approximately $7,685,021.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul J. Fribourg sold 951 shares of the 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 of the company's stock, valued at $1,590,424. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,563 shares of company stock valued at $10,052,551. Insiders own 18.70% of the company's stock.

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.