CWA Asset Management Group LLC Takes Position in Loews Co. (NYSE:L)

CWA Asset Management Group LLC purchased a new position in Loews Co. (NYSE:L) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,675 shares of the insurance provider’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Loews by 92.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider’s stock valued at $37,745,000 after buying an additional 229,956 shares during the period. Bank of Montreal Can raised its holdings in shares of Loews by 106.3% in the 2nd quarter. Bank of Montreal Can now owns 353,160 shares of the insurance provider’s stock valued at $27,338,000 after purchasing an additional 182,009 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Loews by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,673,906 shares of the insurance provider’s stock worth $199,858,000 after purchasing an additional 161,810 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Loews by 22.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 569,156 shares of the insurance provider’s stock valued at $44,992,000 after purchasing an additional 105,810 shares in the last quarter. Finally, Barclays PLC raised its stake in Loews by 13.1% in the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock worth $59,473,000 after buying an additional 87,259 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Insider Activity

In related news, Director Charles M. Diker sold 1,146 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $86.83, for a total value of $99,507.18. Following the completion of the transaction, the director now owns 19,906 shares in the company, valued at $1,728,437.98. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrew H. Tisch sold 75,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $83.16, for a total value of $6,237,000.00. Following the completion of the transaction, the director now owns 12,089,677 shares of the company’s stock, valued at $1,005,377,539.32. This trade represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 133,679 shares of company stock worth $11,134,916. Insiders own 18.70% of the company’s stock.

Loews Stock Up 0.8 %

NYSE:L opened at $83.58 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $18.20 billion, a P/E ratio of 11.10 and a beta of 0.83. The company’s 50-day simple moving average is $83.99 and its 200-day simple moving average is $80.47. Loews Co. has a fifty-two week low of $70.23 and a fifty-two week high of $87.45.

Loews Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.25 annualized dividend and a dividend yield of 0.30%. Loews’s dividend payout ratio is presently 3.32%.

Analyst Upgrades and Downgrades

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

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.