3,145 Shares in Loews Co. (NYSE:L) Purchased by Flynn Zito Capital Management LLC

Flynn Zito Capital Management LLC purchased a new stake in shares of Loews Co. (NYSE:L) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,145 shares of the insurance provider’s stock, valued at approximately $219,000.

Other large investors have also made changes to their positions in the company. SteelPeak Wealth LLC bought a new stake in shares of Loews during the 4th quarter valued at about $1,909,000. SG Americas Securities LLC grew its stake in shares of Loews by 112.1% during the 4th quarter. SG Americas Securities LLC now owns 49,417 shares of the insurance provider’s stock valued at $3,439,000 after purchasing an additional 26,120 shares during the period. Pacer Advisors Inc. grew its stake in shares of Loews by 405.5% during the 4th quarter. Pacer Advisors Inc. now owns 62,406 shares of the insurance provider’s stock valued at $4,343,000 after purchasing an additional 50,061 shares during the period. Metis Global Partners LLC grew its stake in shares of Loews by 16.4% during the 3rd quarter. Metis Global Partners LLC now owns 6,885 shares of the insurance provider’s stock valued at $436,000 after acquiring an additional 970 shares during the period. Finally, Ontario Teachers Pension Plan Board bought a new position in shares of Loews during the 3rd quarter valued at approximately $548,000. 58.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Loews

In other Loews news, Director Andrew H. Tisch sold 125,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $73.04, for a total value of $9,130,000.00. Following the transaction, the director now owns 945,886 shares of the company’s stock, valued at approximately $69,087,513.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jonathan M. Tisch sold 4,287 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $71.91, for a total transaction of $308,278.17. Following the transaction, the insider now owns 106,870 shares of the company’s stock, valued at approximately $7,685,021.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew H. Tisch sold 125,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $73.04, for a total value of $9,130,000.00. Following the transaction, the director now directly owns 945,886 shares in the company, valued at approximately $69,087,513.44. The disclosure for this sale can be found here. Insiders have sold 137,563 shares of company stock valued at $10,052,551 in the last quarter. 18.70% of the stock is owned by insiders.

Loews Stock Performance

Shares of NYSE:L traded up $0.70 during mid-day trading on Thursday, reaching $73.84. 649,019 shares of the company traded hands, compared to its average volume of 759,407. The company’s 50 day moving average price is $75.39 and its 200-day moving average price is $70.68. The firm has a market cap of $16.41 billion, a PE ratio of 11.61 and a beta of 0.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.32 and a quick ratio of 0.32. Loews Co. has a 52 week low of $55.31 and a 52 week high of $78.55.

Loews (NYSE:L) last posted its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.99 EPS for the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%. The company had revenue of $4.26 billion for the quarter.

Loews Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 21st were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.34%. The ex-dividend date was Tuesday, February 20th. Loews’s dividend payout ratio (DPR) is presently 3.97%.

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.