Savant Capital LLC Sells 8,480 Shares of Loews Corporation $L

Savant Capital LLC cut its position in Loews Corporation (NYSE:L) by 40.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,306 shares of the insurance provider’s stock after selling 8,480 shares during the quarter. Savant Capital LLC’s holdings in Loews were worth $1,296,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in Loews in the 4th quarter valued at $27,000. Harbor Investment Advisory LLC bought a new stake in shares of Loews during the 4th quarter valued at $30,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Loews during the 3rd quarter valued at $30,000. Private Trust Co. NA lifted its position in shares of Loews by 896.7% during the 4th quarter. Private Trust Co. NA now owns 299 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 269 shares during the period. Finally, Westfuller Advisors LLC bought a new stake in shares of Loews during the 4th quarter valued at $36,000. 58.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Loews

In related news, Director Andrew H. Tisch sold 50,000 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 12,480,400 shares in the company, valued at $1,357,992,324. This represents a 0.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dino Robusto acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of $104.74 per share, with a total value of $523,700.00. Following the completion of the transaction, the director owned 10,235 shares in the company, valued at $1,072,013.90. The trade was a 95.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 19.00% of the stock is owned by corporate insiders.

Loews Price Performance

Shares of L stock opened at $103.89 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.46. Loews Corporation has a twelve month low of $86.77 and a twelve month high of $114.90. The company has a market cap of $21.38 billion, a P/E ratio of 13.20 and a beta of 0.53. The business has a fifty day simple moving average of $107.91 and a 200 day simple moving average of $106.99.

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

Loews Dividend Announcement

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

Wall Street Analysts Forecast Growth

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