Bryn Mawr Capital Management LLC Has $274,000 Holdings in Loews Co. (NYSE:L)

Bryn Mawr Capital Management LLC increased its stake in Loews Co. (NYSE:L) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,400 shares of the insurance provider’s stock after purchasing an additional 250 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Loews were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in L. Brooklyn Investment Group acquired a new position in Loews in the 3rd quarter worth $40,000. Eastern Bank acquired a new position in shares of Loews during the 3rd quarter worth about $47,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Loews during the 3rd quarter worth about $49,000. Human Investing LLC acquired a new position in shares of Loews during the 4th quarter worth about $51,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Loews by 10.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock worth $105,000 after buying an additional 119 shares during the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Loews Trading Down 0.3 %

Loews stock opened at $82.72 on Friday. The firm has a 50-day moving average of $84.40 and a 200-day moving average of $82.08. Loews Co. has a one year low of $72.91 and a one year high of $88.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 12.93 and a beta of 0.83.

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

Loews Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be paid a $0.0625 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.25 annualized dividend and a yield of 0.30%. Loews’s dividend payout ratio (DPR) is currently 3.91%.

Insider Activity at Loews

In related news, Director Charles M. Diker sold 1,146 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were 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 directly owns 19,906 shares in the company, valued at approximately $1,728,437.98. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $84.35, for a total transaction of $635,408.55. Following the completion of the transaction, the director now directly owns 1,568,191 shares in the company, valued at approximately $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,370 shares of company stock worth $1,055,627. Insiders own 18.70% of the company’s stock.

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.