2,565 Shares in Loews Co. (NYSE:L) Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI bought a new stake in shares of Loews Co. (NYSE:L) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,565 shares of the insurance provider’s stock, valued at approximately $217,000.

Several other hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Loews by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,623,291 shares of the insurance provider’s stock worth $137,477,000 after purchasing an additional 11,540 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Loews by 13.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,433 shares of the insurance provider’s stock valued at $206,000 after buying an additional 288 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Loews in the 4th quarter worth $440,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Loews in the 4th quarter worth $26,000. Finally, Smartleaf Asset Management LLC raised its holdings in Loews by 4.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 11,724 shares of the insurance provider’s stock valued at $989,000 after acquiring an additional 448 shares during the period. Institutional investors own 58.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Loews from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

Insider Buying and Selling at Loews

In other Loews news, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the completion of the transaction, the director now owns 7,105,529 shares in the company, valued at $604,538,407.32. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. Insiders sold 61,224 shares of company stock worth $5,210,120 in the last quarter. 18.70% of the stock is owned by corporate insiders.

Loews Price Performance

L stock opened at $85.40 on Thursday. 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 company’s fifty day moving average price is $84.69 and its 200-day moving average price is $82.60. Loews Co. has a one year low of $72.91 and a one year high of $88.29. The company has a market capitalization of $18.18 billion, a PE ratio of 13.34 and a beta of 0.83.

Loews (NYSE:L) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 EPS for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Wednesday, February 26th. Loews’s payout ratio is presently 3.91%.

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.