Carolina Wealth Advisors LLC Purchases 210 Shares of Loews Co. (NYSE:L)

Carolina Wealth Advisors LLC lifted its holdings in Loews Co. (NYSE:L) by 2.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,917 shares of the insurance provider’s stock after buying an additional 210 shares during the period. Loews makes up about 0.5% of Carolina Wealth Advisors LLC’s investment portfolio, making the stock its 29th largest position. Carolina Wealth Advisors LLC’s holdings in Loews were worth $840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in L. Charles Schwab Investment Management Inc. lifted its position in shares of 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 valued at $127,409,000 after buying an additional 8,615 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Loews by 8.0% in the third quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider’s stock valued at $10,875,000 after acquiring an additional 10,213 shares in the last quarter. Swedbank AB boosted its stake in shares of Loews by 8.8% in the third quarter. Swedbank AB now owns 379,647 shares of the insurance provider’s stock worth $30,011,000 after acquiring an additional 30,600 shares during the period. PNC Financial Services Group Inc. raised its stake 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 valued at $2,950,000 after purchasing an additional 12,070 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Loews by 7.5% in the 4th quarter. Nordea Investment Management AB now owns 15,619 shares of the insurance provider’s stock worth $1,323,000 after purchasing an additional 1,085 shares in the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Insider Buying and Selling at Loews

In other news, Director Charles M. Diker sold 1,146 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $86.83, for a total value of $99,507.18. Following the sale, the director now owns 19,906 shares of the company’s stock, valued at approximately $1,728,437.98. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew H. Tisch sold 50,000 shares of Loews stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $83.26, for a total transaction of $4,163,000.00. Following the transaction, the director now directly owns 11,939,677 shares of the company’s stock, valued at approximately $994,097,507.02. This represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 133,679 shares of company stock worth $11,134,916 over the last 90 days. 18.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Loews from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th.

Loews Price Performance

Shares of Loews stock opened at $84.73 on Thursday. The firm has a market cap of $18.45 billion, a PE ratio of 11.25 and a beta of 0.83. The stock has a 50 day moving average of $84.24 and a 200 day moving average of $80.67. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. Loews Co. has a 12 month low of $70.59 and a 12 month high of $87.45.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 27th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Wednesday, November 27th. Loews’s payout ratio is 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.