Eubel Brady & Suttman Asset Management Inc. Has $22.13 Million Position in Loews Co. (NYSE:L)

Eubel Brady & Suttman Asset Management Inc. grew its holdings in shares of Loews Co. (NYSE:L) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 261,277 shares of the insurance provider’s stock after buying an additional 479 shares during the period. Loews accounts for approximately 2.9% of Eubel Brady & Suttman Asset Management Inc.’s holdings, making the stock its 9th biggest position. Eubel Brady & Suttman Asset Management Inc. owned 0.12% of Loews worth $22,128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brooklyn Investment Group bought a new position in Loews in the third quarter valued at about $40,000. Eastern Bank bought a new position in shares of Loews during the third quarter worth $47,000. Human Investing LLC purchased a new position in shares of Loews during the fourth quarter valued at about $51,000. Wilmington Savings Fund Society FSB purchased a new position in Loews during the 3rd quarter valued at approximately $49,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Loews by 10.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock valued at $105,000 after purchasing an additional 119 shares in the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Loews Price Performance

NYSE L opened at $82.72 on Friday. Loews Co. has a 1 year low of $72.91 and a 1 year high of $88.29. The company has a market cap of $17.61 billion, a price-to-earnings 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 stock’s fifty day moving average price is $84.40 and its 200 day moving average price is $82.08.

Loews (NYSE:L) last released its quarterly earnings data 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Wednesday, February 26th. Loews’s dividend payout ratio is currently 3.91%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Charles M. Diker sold 1,146 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $86.83, for a total transaction 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 trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jonathan M. Tisch sold 3,691 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. Insiders sold a total of 12,370 shares of company stock valued at $1,055,627 in the last 90 days. Company insiders own 18.70% of the company’s stock.

About Loews

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.