VisionPoint Advisory Group LLC Makes New Investment in Loews Co. (NYSE:L)

VisionPoint Advisory Group LLC acquired a new stake in Loews Co. (NYSE:L) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,507 shares of the insurance provider’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Creative Planning boosted its stake in Loews by 3.2% in the 3rd quarter. Creative Planning now owns 22,102 shares of the insurance provider’s stock valued at $1,747,000 after buying an additional 677 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Loews by 240.5% during the third quarter. Blue Trust Inc. now owns 2,360 shares of the insurance provider’s stock valued at $176,000 after acquiring an additional 1,667 shares during the period. Raymond James & Associates boosted its stake in shares of Loews by 2.4% in the 3rd quarter. Raymond James & Associates now owns 39,398 shares of the insurance provider’s stock valued at $3,114,000 after purchasing an additional 920 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Loews by 8.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,463 shares of the insurance provider’s stock worth $274,000 after purchasing an additional 268 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Loews by 6.1% during the 3rd quarter. Signaturefd LLC now owns 3,818 shares of the insurance provider’s stock worth $302,000 after purchasing an additional 221 shares in the last quarter. 58.33% of the stock is owned by institutional investors.

Insider Activity at Loews

In other Loews news, Director Jonathan M. Tisch sold 3,691 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew H. Tisch sold 7,533 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $84.35, for a total transaction of $635,408.55. Following the completion of the transaction, the director now directly owns 1,568,191 shares in the company, valued at $132,276,910.85. This trade represents a 0.48 % decrease in their position. 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 over the last quarter. Corporate insiders own 18.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Loews Trading Down 0.3 %

Shares of L opened at $82.72 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. 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 stock has a fifty day moving average price of $84.40 and a two-hundred day moving average price of $82.08. Loews Co. has a 52-week low of $72.91 and a 52-week high of $88.29.

Loews (NYSE:L) last announced its earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share 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 declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be paid 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 dividend payout ratio (DPR) is currently 3.91%.

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.