Brown Brothers Harriman & Co. Purchases 10,000 Shares of Loews Co. (NYSE:L)

Brown Brothers Harriman & Co. increased its holdings in Loews Co. (NYSE:L) by 183.2% during the 4th quarter, HoldingsChannel reports. The firm owned 15,460 shares of the insurance provider’s stock after buying an additional 10,000 shares during the period. Brown Brothers Harriman & Co.’s holdings in Loews were worth $1,309,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Loews during the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Loews in the 3rd quarter valued at about $49,000. Human Investing LLC purchased a new position in Loews in the fourth quarter worth $51,000. Graney & King LLC purchased a new position in Loews during the 4th quarter worth $56,000. Finally, Intact Investment Management Inc. acquired a new position in Loews during the 4th quarter valued at approximately $68,000. Institutional investors own 58.33% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Loews

In related news, Director Andrew H. Tisch sold 7,533 shares of the business’s stock in a transaction on 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 directly owns 1,568,191 shares in the company, valued at $132,276,910.85. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jonathan M. Tisch sold 47,636 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the sale, the director now owns 6,705,529 shares in the company, valued at approximately $569,165,301.52. This represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,860 shares of company stock worth $13,486,463 over the last quarter. 18.70% of the stock is currently owned by insiders.

Loews Price Performance

Shares of NYSE:L opened at $90.66 on Monday. Loews Co. has a twelve month low of $72.91 and a twelve month high of $92.13. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The company has a market cap of $19.30 billion, a PE ratio of 14.17 and a beta of 0.80. The company’s 50 day moving average is $85.78 and its 200 day moving average is $83.44.

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 net margin of 8.08% and a return on equity of 8.04%.

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were issued a $0.0625 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.28%. Loews’s dividend payout ratio (DPR) is presently 3.91%.

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.