Colonial River Investments LLC Has $271,000 Position in Loews Co. (NYSE:L)

Colonial River Investments LLC boosted its holdings in shares of Loews Co. (NYSE:L) by 23.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,195 shares of the insurance provider’s stock after buying an additional 610 shares during the period. Colonial River Investments LLC’s holdings in Loews were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Brooklyn Investment Group bought a new position in shares of Loews during the third quarter valued at $40,000. Human Investing LLC bought a new position in shares of Loews during the fourth quarter valued at $51,000. Wilmington Savings Fund Society FSB bought a new position in shares of Loews during the third quarter valued at $49,000. Venturi Wealth Management LLC lifted its holdings in shares of Loews by 10.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock valued at $105,000 after acquiring an additional 119 shares during the period. Finally, Principal Securities Inc. lifted its holdings in shares of Loews by 24.4% during the fourth quarter. Principal Securities Inc. now owns 1,440 shares of the insurance provider’s stock valued at $122,000 after acquiring an additional 282 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Stock Performance

Shares of NYSE:L opened at $84.31 on Tuesday. The stock has a market capitalization of $17.95 billion, a P/E ratio of 13.17 and a beta of 0.83. Loews Co. has a 1-year low of $72.91 and a 1-year high of $88.29. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $84.37 and a two-hundred day moving average price of $82.25.

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

Loews Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.30%. Loews’s payout ratio is currently 3.91%.

Insider Transactions at Loews

In related news, Director Andrew H. Tisch sold 7,533 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total value of $635,408.55. Following the completion of the transaction, the director now directly owns 1,568,191 shares in the company, valued at approximately $132,276,910.85. The trade was a 0.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,370 shares of company stock worth $1,055,627. 18.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.