Farther Finance Advisors LLC Sells 229 Shares of Loews Co. (NYSE:L)

Farther Finance Advisors LLC decreased its position in Loews Co. (NYSE:L) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,571 shares of the insurance provider’s stock after selling 229 shares during the quarter. Farther Finance Advisors LLC’s holdings in Loews were worth $218,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in shares of Loews by 28.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,432 shares of the insurance provider’s stock worth $375,000 after acquiring an additional 969 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Loews by 15.6% in the 4th quarter. HighTower Advisors LLC now owns 75,423 shares of the insurance provider’s stock worth $6,388,000 after acquiring an additional 10,204 shares in the last quarter. Global View Capital Management LLC bought a new position in Loews during the fourth quarter valued at about $846,000. Daiwa Securities Group Inc. grew its position in Loews by 7.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 24,336 shares of the insurance provider’s stock valued at $2,061,000 after buying an additional 1,704 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Loews by 24.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,327 shares of the insurance provider’s stock valued at $2,992,000 after buying an additional 6,885 shares during the period. Institutional investors own 58.33% of the company’s stock.

Insider Buying and Selling at Loews

In other news, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total value of $4,254,000.00. Following the sale, the director now directly owns 7,105,529 shares of the company’s stock, valued at approximately $604,538,407.32. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $84.35, for a total transaction of $635,408.55. Following the completion of the sale, the director now directly owns 1,568,191 shares in the company, valued at approximately $132,276,910.85. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,860 shares of company stock valued at $13,486,463 over the last three months. 18.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Loews Price Performance

L opened at $87.81 on Thursday. The firm has a market cap of $18.69 billion, a P/E ratio of 13.72 and a beta of 0.80. The firm has a 50-day moving average of $85.01 and a 200 day moving average of $82.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $88.29.

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

Loews Announces Dividend

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

About Loews

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.