Commerzbank Aktiengesellschaft FI Acquires Shares of 2,565 Loews Co. (NYSE:L)

Commerzbank Aktiengesellschaft FI bought a new position in Loews Co. (NYSE:L) in the 4th quarter, Holdings Channel reports. The firm bought 2,565 shares of the insurance provider’s stock, valued at approximately $217,000.

A number of other large investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in shares of Loews by 26.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 27,462 shares of the insurance provider’s stock worth $2,171,000 after acquiring an additional 5,742 shares during the last quarter. National Pension Service lifted its position in shares of 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 purchasing an additional 21,038 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Loews by 3.0% during the third quarter. Principal Financial Group Inc. now owns 248,665 shares of the insurance provider’s stock valued at $19,657,000 after purchasing an additional 7,149 shares during the period. Axxcess Wealth Management LLC bought a new position in shares of Loews in the third quarter worth about $204,000. Finally, Colonial River Investments LLC purchased a new position in Loews in the 3rd quarter worth about $204,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity 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 is available at this hyperlink. Also, Director Andrew H. Tisch sold 7,533 shares of Loews stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $84.35, for a total value of $635,408.55. Following the completion of the transaction, the director now owns 1,568,191 shares in the company, valued at $132,276,910.85. This trade represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,224 shares of company stock valued at $5,210,120 over the last ninety days. 18.70% of the stock is owned by company insiders.

Loews Trading Up 0.4 %

Shares of NYSE L opened at $85.40 on Thursday. Loews Co. has a twelve month low of $72.91 and a twelve month high of $88.29. The firm has a market cap of $18.18 billion, a PE ratio of 13.34 and a beta of 0.83. The business has a fifty day simple moving average of $84.69 and a two-hundred day simple moving average of $82.60. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50.

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

Loews Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.0625 per share. 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 is presently 3.91%.

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.