GAMMA Investing LLC Buys Shares of 2,748 Loews Co. (NYSE:L)

GAMMA Investing LLC bought a new stake in Loews Co. (NYSE:L) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,748 shares of the insurance provider’s stock, valued at approximately $200,000.

A number of other large investors also recently bought and sold shares of L. NBC Securities Inc. acquired a new stake in shares of Loews during the third quarter worth about $29,000. Operose Advisors LLC purchased a new stake in shares of Loews during the third quarter worth approximately $30,000. Desjardins Global Asset Management Inc. increased its stake in shares of Loews by 225.2% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 491 shares of the insurance provider’s stock worth $34,000 after buying an additional 340 shares during the period. Lindbrook Capital LLC increased its stake in shares of Loews by 41.4% during the fourth quarter. Lindbrook Capital LLC now owns 611 shares of the insurance provider’s stock worth $43,000 after buying an additional 179 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Loews during the third quarter worth approximately $147,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Insider Buying and Selling

In other Loews news, Director Andrew H. Tisch sold 125,000 shares of the firm’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 completion of the sale, the director now owns 945,886 shares of the company’s stock, valued at $69,087,513.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Loews news, Director Andrew H. Tisch sold 125,000 shares of the firm’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 completion of the sale, the director now owns 945,886 shares of the company’s stock, valued at $69,087,513.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg sold 951 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $75.02, for a total value of $71,344.02. Following the completion of the transaction, the director now owns 21,200 shares of the company’s stock, valued at approximately $1,590,424. The disclosure for this sale can be found here. Insiders sold a total of 137,563 shares of company stock valued at $10,052,551 over the last three months. 18.70% of the stock is currently owned by company insiders.

Loews Stock Down 0.5 %

L stock opened at $76.41 on Friday. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 12.13 and a beta of 0.83. Loews Co. has a fifty-two week low of $55.31 and a fifty-two week high of $78.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32. The company’s 50 day moving average price is $75.71 and its 200 day moving average price is $71.18.

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

Loews Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors 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 of this dividend was Tuesday, February 20th. Loews’s dividend payout ratio is presently 3.97%.

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.