28,878 Shares in Loews Co. (NYSE:L) Purchased by Hi Line Capital Management LLC

Hi Line Capital Management LLC bought a new position in shares of Loews Co. (NYSE:L) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,878 shares of the insurance provider’s stock, valued at approximately $2,446,000. Loews makes up 1.1% of Hi Line Capital Management LLC’s holdings, making the stock its 28th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. Creative Planning boosted its holdings in Loews by 3.2% during the third quarter. Creative Planning now owns 22,102 shares of the insurance provider’s stock valued at $1,747,000 after purchasing an additional 677 shares in the last quarter. Blue Trust Inc. boosted its holdings in Loews by 240.5% during the third quarter. Blue Trust Inc. now owns 2,360 shares of the insurance provider’s stock valued at $176,000 after purchasing an additional 1,667 shares in the last quarter. Raymond James & Associates boosted its holdings in Loews by 2.4% during the third quarter. Raymond James & Associates now owns 39,398 shares of the insurance provider’s stock valued at $3,114,000 after purchasing an additional 920 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Loews by 8.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,463 shares of the insurance provider’s stock worth $274,000 after acquiring an additional 268 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Loews by 6.1% in the 3rd quarter. Signaturefd LLC now owns 3,818 shares of the insurance provider’s stock worth $302,000 after acquiring an additional 221 shares in the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jonathan M. Tisch sold 3,691 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $86.89, for a total transaction of $320,710.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $84.35, for a total transaction of $635,408.55. Following the transaction, the director now owns 1,568,191 shares of the company’s stock, valued at approximately $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,370 shares of company stock valued at $1,055,627. Company insiders own 18.70% of the company’s stock.

Loews Stock Performance

L stock opened at $82.72 on Monday. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $88.29. The stock has a market capitalization of $17.61 billion, a PE ratio of 12.93 and a beta of 0.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The company has a 50 day moving average price of $84.37 and a 200 day moving average price of $82.21.

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

Loews Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be paid 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 is Wednesday, February 26th. Loews’s payout ratio is presently 3.91%.

Wall Street Analyst Weigh In

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

Loews 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.