Inceptionr LLC Purchases 5,509 Shares of Loews Corporation $L

Inceptionr LLC raised its position in shares of Loews Corporation (NYSE:L) by 88.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,749 shares of the insurance provider’s stock after buying an additional 5,509 shares during the quarter. Inceptionr LLC’s holdings in Loews were worth $1,179,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of L. Norges Bank bought a new position in shares of Loews during the 2nd quarter worth approximately $665,658,000. Aviva PLC boosted its stake in Loews by 1,921.5% in the second quarter. Aviva PLC now owns 138,816 shares of the insurance provider’s stock valued at $12,724,000 after acquiring an additional 131,949 shares in the last quarter. AQR Capital Management LLC boosted its stake in Loews by 27.5% in the second quarter. AQR Capital Management LLC now owns 592,923 shares of the insurance provider’s stock valued at $53,920,000 after acquiring an additional 127,782 shares in the last quarter. First Trust Advisors LP grew its holdings in Loews by 31.6% in the third quarter. First Trust Advisors LP now owns 496,997 shares of the insurance provider’s stock worth $49,894,000 after purchasing an additional 119,210 shares during the last quarter. Finally, Ossiam increased its position in shares of Loews by 2,586.7% during the second quarter. Ossiam now owns 117,597 shares of the insurance provider’s stock worth $10,779,000 after purchasing an additional 113,220 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Loews Stock Performance

L opened at $109.85 on Monday. Loews Corporation has a 52-week low of $78.98 and a 52-week high of $114.90. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.43. The company has a market cap of $22.63 billion, a P/E ratio of 13.77 and a beta of 0.60. The firm’s 50-day moving average price is $106.83 and its 200-day moving average price is $103.29.

Loews (NYSE:L) last released its earnings results on Monday, February 9th. The insurance provider reported $1.94 EPS for the quarter. The company had revenue of $4.73 billion during the quarter. Loews had a net margin of 9.03% and a return on equity of 8.86%.

Loews Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. Loews’s dividend payout ratio (DPR) is currently 3.13%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (a-)” rating on shares of Loews in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Insider Transactions at Loews

In other news, Director Andrew H. Tisch sold 50,000 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $110.27, for a total transaction of $5,513,500.00. Following the sale, the director directly owned 12,859,642 shares of the company’s stock, valued at $1,418,032,723.34. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann E. Berman sold 1,922 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $110.16, for a total value of $211,727.52. Following the completion of the transaction, the director directly owned 4,998 shares in the company, valued at approximately $550,579.68. The trade was a 27.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 105,417 shares of company stock worth $11,362,723. Company insiders own 18.70% of the company’s stock.

Loews Company Profile

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.