Donoghue Forlines LLC Purchases Shares of 22,333 Loews Corporation $L

Donoghue Forlines LLC purchased a new stake in Loews Corporation (NYSE:L) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 22,333 shares of the insurance provider’s stock, valued at approximately $2,352,000.

A number of other hedge funds also recently made changes to their positions in the stock. Hancock Whitney Corp boosted its holdings in shares of Loews by 3.9% in the 3rd quarter. Hancock Whitney Corp now owns 2,618 shares of the insurance provider’s stock valued at $263,000 after purchasing an additional 98 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Loews by 6.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,606 shares of the insurance provider’s stock valued at $161,000 after purchasing an additional 104 shares during the last quarter. Independent Advisor Alliance boosted its holdings in shares of Loews by 4.3% in the 4th quarter. Independent Advisor Alliance now owns 2,603 shares of the insurance provider’s stock valued at $274,000 after purchasing an additional 107 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Loews by 2.7% in the 4th quarter. Ballentine Partners LLC now owns 4,197 shares of the insurance provider’s stock valued at $442,000 after purchasing an additional 111 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Loews by 0.8% in the 4th quarter. Sanctuary Advisors LLC now owns 14,006 shares of the insurance provider’s stock valued at $1,475,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Loews

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

Loews Stock Performance

Loews stock opened at $105.13 on Friday. Loews Corporation has a 12-month low of $86.77 and a 12-month high of $114.90. The company has a market capitalization of $21.63 billion, a price-to-earnings ratio of 13.36 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 firm’s fifty day moving average price is $108.26 and its 200 day moving average price is $106.44.

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

Loews Announces Dividend

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

Loews Company 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.