Entropy Technologies LP Purchases 29,044 Shares of Loews Co. (NYSE:L)

Entropy Technologies LP increased its holdings in Loews Co. (NYSE:L) by 405.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 36,202 shares of the insurance provider’s stock after buying an additional 29,044 shares during the period. Entropy Technologies LP’s holdings in Loews were worth $2,834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of L. Altshuler Shaham Ltd purchased a new position in Loews in the fourth quarter valued at about $26,000. Northwest Financial Advisors bought a new stake in shares of Loews in the 4th quarter worth approximately $28,000. Desjardins Global Asset Management Inc. raised its holdings in shares of Loews by 225.2% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 491 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 340 shares during the period. Principal Securities Inc. purchased a new position in Loews in the fourth quarter valued at approximately $38,000. Finally, Lindbrook Capital LLC increased its position in Loews by 41.4% in the fourth quarter. Lindbrook Capital LLC now owns 611 shares of the insurance provider’s stock worth $43,000 after buying an additional 179 shares during the last quarter. Institutional investors own 58.33% of the company’s stock.

Loews Stock Performance

Loews stock traded up $1.27 during mid-day trading on Wednesday, reaching $79.62. The company’s stock had a trading volume of 484,523 shares, compared to its average volume of 747,926. The company has a market capitalization of $17.63 billion, a P/E ratio of 11.81 and a beta of 0.83. The firm’s fifty day moving average price is $75.75 and its two-hundred day moving average price is $74.92. Loews Co. has a 12-month low of $59.91 and a 12-month high of $79.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34.

Loews (NYSE:L) last released its quarterly earnings data on Monday, May 6th. The insurance provider reported $2.05 earnings per share (EPS) for the quarter. Loews had a return on equity of 9.45% and a net margin of 9.27%. The company had revenue of $4.23 billion for the quarter.

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.31%. Loews’s dividend payout ratio (DPR) is presently 3.71%.

Insider Activity

In other news, insider Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $77.24, for a total transaction of $3,862,000.00. Following the completion of the sale, the insider now directly owns 507,799 shares of the company’s stock, valued at approximately $39,222,394.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 150,000 shares of company stock worth $11,588,500. 18.70% of the stock is currently owned by insiders.

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.