Hosking Partners LLP boosted its stake in Loews Corporation (NYSE:L) by 39.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 232,761 shares of the insurance provider’s stock after purchasing an additional 66,417 shares during the period. Hosking Partners LLP’s holdings in Loews were worth $11,645,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sentry Investment Management LLC boosted its stake in shares of Loews by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 17,543 shares of the insurance provider’s stock worth $821,000 after acquiring an additional 187 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Loews by 4.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 4,894 shares of the insurance provider’s stock worth $229,000 after acquiring an additional 189 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Loews by 1.5% during the 2nd quarter. Stifel Financial Corp now owns 28,599 shares of the insurance provider’s stock worth $1,339,000 after acquiring an additional 426 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Loews by 31.8% during the 2nd quarter. Advisor Group Inc. now owns 3,923 shares of the insurance provider’s stock worth $183,000 after acquiring an additional 947 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Loews by 3.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 34,341 shares of the insurance provider’s stock worth $1,718,000 after acquiring an additional 1,093 shares during the last quarter. 59.43% of the stock is owned by institutional investors and hedge funds.

L has been the topic of several analyst reports. ValuEngine cut shares of Loews from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Loews from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Friday, January 5th. Finally, Desjardins cut shares of Loews to a “hold” rating and set a $76.00 price target on the stock. in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Loews presently has a consensus rating of “Hold” and an average target price of $56.00.

In related news, Director Ann E. Berman sold 1,383 shares of Loews stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $50.30, for a total transaction of $69,564.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jonathan M. Tisch sold 7,800 shares of Loews stock in a transaction on Monday, February 12th. The shares were sold at an average price of $47.51, for a total transaction of $370,578.00. Following the transaction, the insider now owns 2,990,022 shares in the company, valued at approximately $142,055,945.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,360 shares of company stock worth $1,400,277. 11.80% of the stock is owned by corporate insiders.

Loews Corporation (L) opened at $48.09 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.35 and a current ratio of 0.35. Loews Corporation has a one year low of $45.01 and a one year high of $53.59. The firm has a market cap of $15,989.98, a price-to-earnings ratio of 13.94 and a beta of 0.71.

Loews (NYSE:L) last released its earnings results on Monday, February 12th. The insurance provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. Loews had a net margin of 8.47% and a return on equity of 4.10%. The company had revenue of $3.56 billion for the quarter. During the same quarter last year, the firm posted $0.73 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. research analysts expect that Loews Corporation will post 3.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Tuesday, February 27th. Loews’s dividend payout ratio (DPR) is 7.25%.

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About Loews

Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.

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Institutional Ownership by Quarter for Loews (NYSE:L)

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