Inceptionr LLC Purchases 18,753 Shares of Loews Co. (NYSE:L)

Inceptionr LLC raised its position in Loews Co. (NYSE:L) by 199.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 28,143 shares of the insurance provider’s stock after purchasing an additional 18,753 shares during the period. Loews comprises approximately 0.5% of Inceptionr LLC’s portfolio, making the stock its 6th biggest holding. Inceptionr LLC’s holdings in Loews were worth $2,383,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position in Loews by 26.4% during the third quarter. Janney Montgomery Scott LLC now owns 27,462 shares of the insurance provider’s stock worth $2,171,000 after buying an additional 5,742 shares during the period. National Pension Service lifted its position in Loews by 6.0% during the third quarter. National Pension Service now owns 369,682 shares of the insurance provider’s stock worth $29,223,000 after buying an additional 21,038 shares during the period. Principal Financial Group Inc. lifted its position in Loews by 3.0% during the third quarter. Principal Financial Group Inc. now owns 248,665 shares of the insurance provider’s stock worth $19,657,000 after buying an additional 7,149 shares during the period. Axxcess Wealth Management LLC purchased a new position in Loews during the third quarter worth about $204,000. Finally, Colonial River Investments LLC purchased a new position in Loews during the third quarter worth about $204,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Loews from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

Loews Stock Performance

Loews stock opened at $85.40 on Thursday. The stock’s 50-day moving average is $84.69 and its 200-day moving average is $82.60. The company has a market cap of $18.18 billion, a price-to-earnings ratio of 13.34 and a beta of 0.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. Loews Co. has a 12 month low of $72.91 and a 12 month high of $88.29.

Loews (NYSE:L) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 EPS for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be issued a $0.0625 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. Loews’s dividend payout ratio (DPR) is 3.91%.

Insider Transactions at Loews

In related news, Director Jonathan M. Tisch sold 3,691 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan M. Tisch sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total value of $4,254,000.00. Following the sale, the director now owns 7,105,529 shares in the company, valued at approximately $604,538,407.32. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,224 shares of company stock worth $5,210,120 in the last three months. 18.70% of the stock is currently owned by company insiders.

Loews Company 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.