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

Colonial River Investments LLC lifted its holdings in Loews Co. (NYSE:L) by 23.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,195 shares of the insurance provider’s stock after purchasing an additional 610 shares during the quarter. Colonial River Investments LLC’s holdings in Loews were worth $271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of L. State Street Corp raised its stake in shares of Loews by 1.0% during the 3rd quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock worth $638,506,000 after purchasing an additional 82,581 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Loews by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider’s stock worth $336,005,000 after purchasing an additional 53,428 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Loews by 0.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,191,888 shares of the insurance provider’s stock worth $268,640,000 after purchasing an additional 8,750 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Loews by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock worth $127,409,000 after purchasing an additional 8,615 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Loews by 13.1% during the 3rd quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock worth $59,473,000 after purchasing an additional 87,259 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Loews

In related news, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were 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 owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. This represents a 0.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan M. Tisch sold 3,691 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were 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. In the last 90 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

Shares of NYSE L opened at $84.31 on Tuesday. 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 $84.37 and its two-hundred day moving average price is $82.25. Loews Co. has a one year low of $72.91 and a one year high of $88.29. The firm has a market cap of $17.95 billion, a price-to-earnings ratio of 13.17 and a beta of 0.83.

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

Loews Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Wednesday, February 26th. Loews’s dividend payout ratio (DPR) is presently 3.91%.

Analysts Set New Price Targets

Separately, StockNews.com cut Loews from a “buy” rating to a “hold” rating in a research note 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.