20,036 Shares in Loews Corporation $L Bought by Accurate Wealth Management LLC

Accurate Wealth Management LLC purchased a new stake in Loews Corporation (NYSE:L) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,036 shares of the insurance provider’s stock, valued at approximately $2,095,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SJS Investment Consulting Inc. raised its holdings in Loews by 880.8% during the third quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock worth $26,000 after buying an additional 229 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Loews during the second quarter valued at approximately $27,000. Harbor Investment Advisory LLC purchased a new position in shares of Loews during the fourth quarter valued at approximately $30,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Loews during the third quarter worth $30,000. Finally, Westside Investment Management Inc. grew its holdings in Loews by 100.0% during the third quarter. Westside Investment Management Inc. now owns 370 shares of the insurance provider’s stock worth $37,000 after buying an additional 185 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Loews in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Loews Price Performance

Loews stock opened at $103.93 on Friday. The firm has a market capitalization of $21.41 billion, a P/E ratio of 13.02 and a beta of 0.60. Loews Corporation has a one year low of $78.98 and a one year high of $114.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.36 and a quick ratio of 0.36. The business has a fifty day moving average price of $107.59 and a 200-day moving average price of $104.31.

Loews (NYSE:L) last released its quarterly earnings data on Monday, February 9th. The insurance provider reported $1.94 earnings per share (EPS) for the quarter. Loews had a return on equity of 8.86% and a net margin of 9.03%.The company had revenue of $4.73 billion for the quarter.

Loews Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, February 25th. Loews’s dividend payout ratio (DPR) is presently 3.13%.

Insider Activity

In related news, VP Marc A. Alpert sold 3,495 shares of Loews stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $109.87, for a total transaction of $383,995.65. Following the completion of the sale, the vice president owned 16,325 shares of the company’s stock, valued at approximately $1,793,627.75. This trade represents a 17.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann E. Berman sold 1,922 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $110.16, for a total value of $211,727.52. Following the transaction, the director owned 4,998 shares of the company’s stock, valued at approximately $550,579.68. The trade was a 27.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 105,417 shares of company stock worth $11,549,723 in the last three months. Corporate insiders own 19.00% of the company’s stock.

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.