Eubel Brady & Suttman Asset Management Inc. Lowers Position in Loews Corporation $L

Eubel Brady & Suttman Asset Management Inc. lessened its stake in Loews Corporation (NYSE:L) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 254,038 shares of the insurance provider’s stock after selling 5,343 shares during the period. Loews comprises approximately 3.0% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 11th largest holding. Eubel Brady & Suttman Asset Management Inc.’s holdings in Loews were worth $26,753,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Loews in the 4th quarter worth approximately $27,000. Harbor Investment Advisory LLC purchased a new stake in Loews in the 4th quarter worth approximately $30,000. Private Trust Co. NA boosted its position in Loews by 896.7% in the 4th quarter. Private Trust Co. NA now owns 299 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 269 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Loews in the 3rd quarter worth approximately $30,000. Finally, Westfuller Advisors LLC purchased a new position in shares of Loews during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Insider Activity

In other news, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $108.81, for a total transaction of $5,440,500.00. Following the transaction, the director owned 12,480,400 shares in the company, valued at $1,357,992,324. This trade represents a 0.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 19.00% of the stock is owned by company insiders.

Loews Trading Up 0.6%

Shares of NYSE:L opened at $105.86 on Friday. Loews Corporation has a 1 year low of $86.77 and a 1 year high of $114.90. The firm has a market capitalization of $21.78 billion, a price-to-earnings ratio of 13.45 and a beta of 0.56. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.36 and a quick ratio of 0.36. The business’s 50 day moving average price is $108.15 and its 200-day moving average price is $106.44.

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

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.0625 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. Loews’s dividend payout ratio (DPR) is 3.18%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (a-)” rating on shares of Loews in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Loews Profile

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.