GoalVest Advisory LLC Invests $1.32 Million in Loews Co. (NYSE:L)

GoalVest Advisory LLC bought a new position in Loews Co. (NYSE:L) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,625 shares of the insurance provider’s stock, valued at approximately $1,323,000.

A number of other large investors have also recently added to or reduced their stakes in L. Assenagon Asset Management S.A. boosted its holdings in Loews by 345.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider’s stock worth $25,114,000 after purchasing an additional 229,965 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Loews by 92.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider’s stock worth $37,745,000 after buying an additional 229,956 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Loews by 106.3% in the 2nd quarter. Bank of Montreal Can now owns 353,160 shares of the insurance provider’s stock valued at $27,338,000 after acquiring an additional 182,009 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Loews by 22.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 569,156 shares of the insurance provider’s stock valued at $44,992,000 after acquiring an additional 105,810 shares during the last quarter. Finally, Barclays PLC raised its holdings in Loews by 13.1% during the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock worth $59,473,000 after acquiring an additional 87,259 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Loews from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th.

Insider Transactions at Loews

In related news, Director Charles M. Diker sold 1,146 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $86.83, for a total value of $99,507.18. Following the transaction, the director now directly owns 19,906 shares in the company, valued at approximately $1,728,437.98. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew H. Tisch sold 7,533 shares of Loews stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $84.35, for a total transaction of $635,408.55. Following the completion of the sale, the director now owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. This trade represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,679 shares of company stock worth $11,134,916. 18.70% of the stock is owned by insiders.

Loews Stock Performance

Shares of L stock opened at $84.50 on Thursday. The stock has a market cap of $18.40 billion, a P/E ratio of 11.22 and a beta of 0.83. The company has a fifty day moving average price of $84.55 and a two-hundred day moving average price of $81.08. Loews Co. has a one year low of $71.45 and a one year high of $87.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34.

Loews (NYSE:L) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.82 EPS for the quarter. Loews had a return on equity of 9.70% and a net margin of 9.71%. The business had revenue of $4.47 billion during 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 given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Wednesday, November 27th. Loews’s payout ratio is presently 3.32%.

Loews 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.