Cerity Partners LLC Has $718,000 Holdings in Loews Co. (NYSE:L)

Cerity Partners LLC lifted its position in Loews Co. (NYSE:L) by 30.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,324 shares of the insurance provider’s stock after purchasing an additional 2,410 shares during the quarter. Cerity Partners LLC’s holdings in Loews were worth $718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of L. Optas LLC boosted its holdings in Loews by 4.2% during the fourth quarter. Optas LLC now owns 7,935 shares of the insurance provider’s stock valued at $552,000 after purchasing an additional 320 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Loews in the 4th quarter valued at $397,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Loews in the 4th quarter valued at $195,000. International Assets Investment Management LLC bought a new stake in Loews in the fourth quarter valued at $3,695,000. Finally, Nisa Investment Advisors LLC raised its stake in Loews by 38.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 145,794 shares of the insurance provider’s stock worth $10,146,000 after acquiring an additional 40,517 shares in the last quarter. 58.33% of the stock is owned by institutional investors.

Loews Price Performance

Shares of Loews stock opened at $76.75 on Wednesday. The stock has a market capitalization of $17.05 billion, a price-to-earnings ratio of 12.18 and a beta of 0.83. The firm’s 50-day moving average price is $75.63 and its two-hundred day moving average price is $71.11. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.48. Loews Co. has a 1-year low of $55.31 and a 1-year high of $78.55.

Loews (NYSE:L) last released its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.99 EPS for the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%. The business had revenue of $4.26 billion for the quarter.

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Tuesday, February 20th. Loews’s payout ratio is presently 3.97%.

Insider Activity

In related news, insider Jonathan M. Tisch sold 4,287 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $71.91, for a total transaction of $308,278.17. Following the transaction, the insider now owns 106,870 shares in the company, valued at approximately $7,685,021.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Jonathan M. Tisch sold 4,287 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $71.91, for a total value of $308,278.17. Following the completion of the transaction, the insider now owns 106,870 shares in the company, valued at approximately $7,685,021.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew H. Tisch sold 125,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $73.04, for a total value of $9,130,000.00. Following the transaction, the director now directly owns 945,886 shares in the company, valued at approximately $69,087,513.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,563 shares of company stock worth $10,052,551. 18.70% of the stock is owned by corporate insiders.

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.