BSW Wealth Partners Purchases 409 Shares of Loews Co. (NYSE:L)

BSW Wealth Partners boosted its position in Loews Co. (NYSE:L) by 15.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,095 shares of the insurance provider’s stock after acquiring an additional 409 shares during the period. BSW Wealth Partners’ holdings in Loews were worth $262,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in L. Miracle Mile Advisors LLC bought a new stake in shares of Loews during the 4th quarter valued at $315,000. Charles Schwab Investment Management Inc. increased its position in shares of Loews by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock valued at $127,409,000 after buying an additional 8,615 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Loews by 8.0% in the third quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider’s stock worth $10,875,000 after buying an additional 10,213 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Loews by 47.8% in the third quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider’s stock worth $2,950,000 after buying an additional 12,070 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of Loews by 8.8% in the third quarter. Swedbank AB now owns 379,647 shares of the insurance provider’s stock valued at $30,011,000 after acquiring an additional 30,600 shares during the period. 58.33% of the stock is owned by hedge funds and other institutional investors.

Loews Price Performance

Shares of NYSE L opened at $86.08 on Thursday. The stock’s 50-day simple moving average is $84.69 and its two-hundred day simple moving average is $81.41. Loews Co. has a twelve month low of $71.45 and a twelve month high of $87.45. The firm has a market capitalization of $18.75 billion, a P/E ratio of 11.43 and a beta of 0.83. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.48.

Loews (NYSE:L) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.82 earnings per share for the quarter. Loews had a net margin of 9.71% and a return on equity of 9.70%. The company had revenue of $4.47 billion for the quarter.

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Wednesday, November 27th. Loews’s dividend payout ratio is currently 3.32%.

Insider Buying and Selling

In other news, Director Charles M. Diker sold 1,146 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $86.83, for a total value of $99,507.18. Following the completion of the sale, the director now directly owns 19,906 shares in the company, valued at approximately $1,728,437.98. The trade was a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew H. Tisch sold 75,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $83.16, for a total transaction of $6,237,000.00. Following the transaction, the director now directly owns 12,089,677 shares in the company, valued at approximately $1,005,377,539.32. This represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,679 shares of company stock worth $11,134,916. Corporate insiders own 18.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Loews from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th.

Loews Company Profile

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.