Foster Dykema Cabot & Co. Inc. MA boosted its position in Loews Co. (NYSE:L) by 50.0% during the 4th quarter, Holdings Channel reports. The fund owned 9,000 shares of the insurance provider’s stock after buying an additional 3,000 shares during the quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in Loews were worth $410,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Clean Yield Group bought a new position in Loews during the fourth quarter worth about $39,000. Focused Wealth Management Inc boosted its holdings in Loews by 21.1% during the fourth quarter. Focused Wealth Management Inc now owns 2,300 shares of the insurance provider’s stock worth $105,000 after buying an additional 400 shares during the last quarter. Whitener Capital Management Inc. bought a new position in Loews during the third quarter worth about $137,000. Dupont Capital Management Corp boosted its holdings in Loews by 173.5% during the fourth quarter. Dupont Capital Management Corp now owns 4,203 shares of the insurance provider’s stock worth $191,000 after buying an additional 2,666 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in Loews during the fourth quarter worth about $203,000. Institutional investors and hedge funds own 64.24% of the company’s stock.
In related news, Director Charles M. Diker sold 664 shares of Loews stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $48.48, for a total value of $32,190.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Andrew H. Tisch sold 22,916 shares of Loews stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $45.10, for a total value of $1,033,511.60. The disclosure for this sale can be found here. Insiders have sold a total of 41,653 shares of company stock worth $1,891,638 in the last quarter. 12.30% of the stock is currently owned by company insiders.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Loews from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. CIBC reiterated an “average” rating and set a $70.00 price objective on shares of Loews in a report on Thursday, November 15th. Finally, Raymond James reiterated a “buy” rating and set a $66.00 price objective on shares of Loews in a report on Wednesday, November 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Loews presently has a consensus rating of “Hold” and an average target price of $54.94.
NYSE:L opened at $45.17 on Monday. Loews Co. has a fifty-two week low of $42.06 and a fifty-two week high of $53.04. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.52. The stock has a market cap of $14.91 billion, a PE ratio of 15.79 and a beta of 0.64.
Loews (NYSE:L) last released its quarterly earnings data on Monday, February 11th. The insurance provider reported ($0.53) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($1.06). Loews had a net margin of 8.94% and a return on equity of 4.75%. During the same period in the prior year, the firm posted $0.81 EPS. As a group, equities analysts expect that Loews Co. will post 2.75 EPS for the current fiscal year.
Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States, Canada, the United Kingdom, Continental Europe, and Singapore. The company offers management and professional liability insurance and risk management services, and other specialized property and casualty coverages; commercial surety and fidelity bonds; and warranty and alternative risk services primarily for vehicles and cell phones.
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