11,400 Shares in Loews Corporation $L Acquired by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC acquired a new position in Loews Corporation (NYSE:L) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,400 shares of the insurance provider’s stock, valued at approximately $1,201,000.

Several other institutional investors also recently modified their holdings of the stock. Hancock Whitney Corp increased its position in shares of Loews by 3.9% in the third quarter. Hancock Whitney Corp now owns 2,618 shares of the insurance provider’s stock worth $263,000 after purchasing an additional 98 shares during the last quarter. Independent Advisor Alliance increased its position in shares of Loews by 4.3% in the fourth quarter. Independent Advisor Alliance now owns 2,603 shares of the insurance provider’s stock worth $274,000 after purchasing an additional 107 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Loews by 2.7% in the fourth quarter. Ballentine Partners LLC now owns 4,197 shares of the insurance provider’s stock worth $442,000 after purchasing an additional 111 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Loews by 0.8% in the fourth quarter. Sanctuary Advisors LLC now owns 14,006 shares of the insurance provider’s stock worth $1,475,000 after purchasing an additional 115 shares during the last quarter. Finally, HB Wealth Management LLC increased its position in shares of Loews by 1.1% in the fourth quarter. HB Wealth Management LLC now owns 10,609 shares of the insurance provider’s stock worth $1,117,000 after purchasing an additional 119 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Loews in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Loews Stock Up 1.2%

Shares of L opened at $105.05 on Wednesday. The firm has a market cap of $21.62 billion, a P/E ratio of 13.35 and a beta of 0.53. The stock has a 50 day simple moving average of $107.91 and a two-hundred day simple moving average of $106.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.36 and a quick ratio of 0.36. Loews Corporation has a 1 year low of $86.77 and a 1 year high of $114.90.

Loews (NYSE:L) last issued its earnings results on Monday, May 4th. The insurance provider reported $1.63 earnings per share (EPS) for the quarter. The business had revenue of $4.56 billion during the quarter. Loews had a return on equity of 8.51% and a net margin of 8.83%.

Loews Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.25 annualized dividend and a yield of 0.2%. Loews’s dividend payout ratio is currently 3.18%.

Insider Activity at Loews

In other news, Director Dino Robusto bought 5,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was acquired at an average price of $104.74 per share, with a total value of $523,700.00. Following the completion of the purchase, the director directly owned 10,235 shares in the company, valued at $1,072,013.90. This represents a 95.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Andrew H. Tisch sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $108.81, for a total value of $5,440,500.00. Following the completion of the sale, the director directly owned 12,480,400 shares of the company’s stock, valued at approximately $1,357,992,324. This represents a 0.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 19.00% of the stock is owned by corporate insiders.

About Loews

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.