24,591 Shares in Loews Co. (NYSE:L) Bought by Entropy Technologies LP

Entropy Technologies LP bought a new stake in Loews Co. (NYSE:L) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,591 shares of the insurance provider’s stock, valued at approximately $2,083,000.

Several other institutional investors have also recently bought and sold shares of the business. Brooklyn Investment Group bought a new position in Loews in the third quarter valued at about $40,000. Eastern Bank bought a new position in Loews in the 3rd quarter valued at approximately $47,000. Wilmington Savings Fund Society FSB acquired a new stake in Loews during the 3rd quarter worth approximately $49,000. Quest Partners LLC bought a new stake in Loews during the 3rd quarter worth approximately $129,000. Finally, Blue Trust Inc. increased its position in Loews by 240.5% in the 3rd quarter. Blue Trust Inc. now owns 2,360 shares of the insurance provider’s stock valued at $176,000 after acquiring an additional 1,667 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Price Performance

Shares of L opened at $86.65 on Monday. The business has a 50-day moving average of $84.68 and a 200-day moving average of $81.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $18.87 billion, a price-to-earnings ratio of 11.51 and a beta of 0.83. Loews Co. has a 1 year low of $71.52 and a 1 year high of $87.45.

Loews Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were given a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. Loews’s dividend payout ratio (DPR) is currently 3.32%.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Andrew H. Tisch sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $83.16, for a total transaction of $6,237,000.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles M. Diker sold 1,146 shares of Loews stock in a transaction that occurred 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 sale, the director now owns 19,906 shares of the company’s stock, valued at approximately $1,728,437.98. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,679 shares of company stock valued at $11,134,916. 18.70% of the stock is currently owned by insiders.

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.