Inspire Investing LLC Has $1.87 Million Stake in Loews Co. (NYSE:L)

Inspire Investing LLC lowered its holdings in Loews Co. (NYSE:L) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,040 shares of the insurance provider’s stock after selling 1,426 shares during the quarter. Inspire Investing LLC’s holdings in Loews were worth $1,867,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of Loews in the 3rd quarter worth $40,000. Kimelman & Baird LLC bought a new position in Loews in the 2nd quarter worth about $45,000. Eastern Bank purchased a new position in Loews during the 3rd quarter valued at about $47,000. Wilmington Savings Fund Society FSB bought a new stake in Loews during the 3rd quarter worth approximately $49,000. Finally, Quest Partners LLC bought a new position in Loews in the 3rd quarter valued at $129,000. Institutional investors own 58.33% of the company’s stock.

Insider Activity at Loews

In related news, Director Charles M. Diker sold 1,146 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $86.83, for a total value of $99,507.18. Following the transaction, the director now owns 19,906 shares of the company’s stock, valued at $1,728,437.98. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew H. Tisch sold 75,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $83.16, for a total value of $6,237,000.00. Following the transaction, the director now directly owns 12,089,677 shares in the company, valued at $1,005,377,539.32. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,679 shares of company stock worth $11,134,916. 18.70% of the stock is owned by insiders.

Loews Stock Down 2.1 %

L stock opened at $84.50 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $84.58 and a 200 day moving average of $81.10. Loews Co. has a twelve month low of $71.45 and a twelve month high of $87.45. The firm has a market cap of $18.40 billion, a PE ratio of 11.22 and a beta of 0.83.

Loews (NYSE:L) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.82 EPS for the quarter. Loews had a net margin of 9.71% and a return on equity of 9.70%. The firm had revenue of $4.47 billion for the quarter.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 27th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Wednesday, November 27th. Loews’s dividend payout ratio (DPR) is presently 3.32%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Loews from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th.

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.