71,771 Shares in Loews Co. (NYSE:L) Purchased by Mount Lucas Management LP

Mount Lucas Management LP bought a new position in shares of Loews Co. (NYSE:L - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 71,771 shares of the insurance provider's stock, valued at approximately $4,995,000. Loews accounts for about 1.4% of Mount Lucas Management LP's holdings, making the stock its 11th biggest holding.

Several other hedge funds also recently bought and sold shares of L. SteelPeak Wealth LLC purchased a new position in shares of Loews in the fourth quarter valued at approximately $1,909,000. SG Americas Securities LLC lifted its stake in Loews by 112.1% in the fourth quarter. SG Americas Securities LLC now owns 49,417 shares of the insurance provider's stock worth $3,439,000 after acquiring an additional 26,120 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Loews by 405.5% in the fourth quarter. Pacer Advisors Inc. now owns 62,406 shares of the insurance provider's stock worth $4,343,000 after acquiring an additional 50,061 shares during the last quarter. Metis Global Partners LLC lifted its stake in Loews by 16.4% in the third quarter. Metis Global Partners LLC now owns 6,885 shares of the insurance provider's stock worth $436,000 after acquiring an additional 970 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new position in Loews in the third quarter worth approximately $548,000. Hedge funds and other institutional investors own 58.33% of the company's stock.

Insider Activity

In other Loews news, Director Andrew H. Tisch sold 125,000 shares of the business's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $73.04, for a total value of $9,130,000.00. Following the transaction, the director now directly owns 945,886 shares of the company's stock, valued at approximately $69,087,513.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Jonathan M. Tisch sold 50,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $77.39, for a total value of $3,869,500.00. Following the sale, the insider now directly owns 607,799 shares of the company's stock, valued at approximately $47,037,564.61. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Andrew H. Tisch sold 125,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $73.04, for a total transaction of $9,130,000.00. Following the completion of the sale, the director now directly owns 945,886 shares in the company, valued at $69,087,513.44. The disclosure for this sale can be found here. Insiders have sold 183,276 shares of company stock valued at $13,613,773 in the last ninety days. 18.70% of the stock is currently owned by company insiders.

Loews Stock Up 0.4 %

L stock traded up $0.28 during midday trading on Friday, reaching $77.98. 875,569 shares of the company were exchanged, compared to its average volume of 684,819. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.32 and a current ratio of 0.34. Loews Co. has a 1-year low of $55.94 and a 1-year high of $78.55. The stock's 50-day simple moving average is $76.18 and its 200 day simple moving average is $72.16. The company has a market cap of $17.27 billion, a price-to-earnings ratio of 11.57 and a beta of 0.82.

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 company had revenue of $4.23 billion for the quarter. Loews had a net margin of 9.27% and a return on equity of 9.45%.

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.