Savant Capital LLC Has $1.63 Million Stock Position in Loews Co. (NYSE:L)

Savant Capital LLC increased its stake in shares of Loews Co. (NYSE:L) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,272 shares of the insurance provider’s stock after buying an additional 699 shares during the period. Savant Capital LLC’s holdings in Loews were worth $1,632,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Miracle Mile Advisors LLC acquired a new position in Loews during the 4th quarter worth about $315,000. Charles Schwab Investment Management Inc. raised its holdings in Loews by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock worth $127,409,000 after purchasing an additional 8,615 shares during the last quarter. Intech Investment Management LLC raised its holdings in Loews by 8.0% during the 3rd quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider’s stock worth $10,875,000 after purchasing an additional 10,213 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Loews by 47.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider’s stock worth $2,950,000 after purchasing an additional 12,070 shares during the last quarter. Finally, Swedbank AB raised its holdings in Loews by 8.8% during the 3rd quarter. Swedbank AB now owns 379,647 shares of the insurance provider’s stock worth $30,011,000 after purchasing an additional 30,600 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Stock Performance

Shares of NYSE:L opened at $84.16 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $18.33 billion, a P/E ratio of 11.18 and a beta of 0.83. The business has a 50-day moving average price of $84.60 and a two-hundred day moving average price of $81.93. Loews Co. has a 1-year low of $72.91 and a 1-year high of $88.29.

Loews (NYSE:L) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 EPS for the quarter. Loews had a return on equity of 9.70% and a net margin of 9.71%.

Loews Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. Loews’s dividend payout ratio (DPR) is presently 3.91%.

Insider Activity

In related news, Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew H. Tisch sold 7,533 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total value of $635,408.55. Following the completion of the transaction, the director now owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,370 shares of company stock valued at $1,055,627 in the last ninety days. 18.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Loews from a “buy” rating to a “hold” rating in a report on Tuesday.

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.