GoalVest Advisory LLC Has $1.49 Million Stock Position in Loews Co. (NYSE:L)

GoalVest Advisory LLC grew its position in Loews Co. (NYSE:L) by 3.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 16,228 shares of the insurance provider’s stock after acquiring an additional 603 shares during the period. GoalVest Advisory LLC’s holdings in Loews were worth $1,492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Loews in the 4th quarter valued at $26,000. Minot DeBlois Advisors LLC acquired a new position in shares of Loews in the 4th quarter valued at $27,000. Itau Unibanco Holding S.A. grew its holdings in shares of Loews by 387.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider’s stock valued at $37,000 after buying an additional 345 shares during the period. Human Investing LLC bought a new stake in Loews in the 4th quarter valued at $51,000. Finally, Graney & King LLC bought a new stake in Loews in the 4th quarter valued at $56,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Trading Up 0.7%

L opened at $88.72 on Friday. The stock has a market capitalization of $18.60 billion, a P/E ratio of 13.86 and a beta of 0.70. Loews Co. has a 12 month low of $73.15 and a 12 month high of $92.42. The firm’s fifty day simple moving average is $87.23 and its 200 day simple moving average is $85.70. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

Loews (NYSE:L) last posted its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.74 EPS for the quarter. The business had revenue of $4.49 billion for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.0625 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.25 annualized dividend and a yield of 0.28%. Loews’s dividend payout ratio (DPR) is presently 4.11%.

Insiders Place Their Bets

In other Loews news, Director Jonathan M. Tisch sold 47,636 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the sale, the director now directly owns 6,705,529 shares of the company’s stock, valued at $569,165,301.52. The trade was a 0.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Richard Waldo Scott sold 9,019 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $87.92, for a total transaction of $792,950.48. Following the sale, the senior vice president now directly owns 33,901 shares in the company, valued at $2,980,575.92. This trade represents a 21.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,655 shares of company stock valued at $9,069,294 in the last three months. 19.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Loews from a “hold” rating to a “buy” rating in a research report on Tuesday, May 6th.

About Loews

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.