Savant Capital LLC Has $1.30 Million Stock Holdings in Loews Corporation $L

Savant Capital LLC lessened its position in Loews Corporation (NYSE:L) by 40.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,306 shares of the insurance provider’s stock after selling 8,480 shares during the quarter. Savant Capital LLC’s holdings in Loews were worth $1,296,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of L. Danske Bank A S acquired a new stake in Loews in the 3rd quarter valued at approximately $35,724,000. Geode Capital Management LLC increased its position in shares of Loews by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 4,999,186 shares of the insurance provider’s stock worth $524,599,000 after purchasing an additional 271,234 shares during the last quarter. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Loews during the 4th quarter worth approximately $23,883,000. Dark Forest Capital Management LP increased its position in shares of Loews by 582.8% during the 3rd quarter. Dark Forest Capital Management LP now owns 221,212 shares of the insurance provider’s stock worth $22,207,000 after purchasing an additional 188,812 shares during the last quarter. Finally, Amundi increased its position in shares of Loews by 41.6% during the 3rd quarter. Amundi now owns 610,657 shares of the insurance provider’s stock worth $62,513,000 after purchasing an additional 179,383 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Loews in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Insider Buying and Selling

In related news, Director Andrew H. Tisch sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $108.81, for a total transaction of $5,440,500.00. Following the transaction, the director directly owned 12,480,400 shares of the company’s stock, valued at approximately $1,357,992,324. The trade was a 0.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dino Robusto bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average cost of $104.74 per share, for a total transaction of $523,700.00. Following the completion of the acquisition, the director directly owned 10,235 shares in the company, valued at $1,072,013.90. The trade was a 95.51% increase in their position. The SEC filing for this purchase provides additional information. 19.00% of the stock is currently owned by insiders.

Loews Stock Up 0.3%

L stock opened at $103.89 on Tuesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $21.38 billion, a PE ratio of 13.20 and a beta of 0.53. Loews Corporation has a 1-year low of $86.77 and a 1-year high of $114.90. The business’s 50 day simple moving average is $107.91 and its 200 day simple moving average is $106.99.

Loews (NYSE:L) last posted its earnings results on Monday, May 4th. The insurance provider reported $1.63 earnings per share for the quarter. The business had revenue of $4.56 billion for the quarter. Loews had a return on equity of 8.51% and a net margin of 8.83%.

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. Loews’s payout ratio is presently 3.18%.

Loews 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.