367 Shares in Loews Co. (NYSE:L) Purchased by Altshuler Shaham Ltd

Altshuler Shaham Ltd purchased a new position in shares of Loews Co. (NYSE:L) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 367 shares of the insurance provider’s stock, valued at approximately $26,000.

A number of other large investors have also recently made changes to their positions in the company. Wealthspire Advisors LLC boosted its stake in shares of Loews by 12.8% during the 4th quarter. Wealthspire Advisors LLC now owns 4,121 shares of the insurance provider’s stock worth $287,000 after purchasing an additional 468 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Loews by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,587,817 shares of the insurance provider’s stock valued at $110,496,000 after buying an additional 21,323 shares in the last quarter. Fielder Capital Group LLC bought a new stake in Loews during the 4th quarter valued at about $925,000. Private Advisor Group LLC lifted its holdings in Loews by 59.5% during the 4th quarter. Private Advisor Group LLC now owns 5,052 shares of the insurance provider’s stock valued at $352,000 after buying an additional 1,885 shares in the last quarter. Finally, Summit Trail Advisors LLC bought a new stake in Loews during the 4th quarter valued at about $339,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

Loews Trading Down 0.6 %

L traded down $0.50 on Wednesday, reaching $77.31. 680,684 shares of the company traded hands, compared to its average volume of 748,027. Loews Co. has a one year low of $55.94 and a one year high of $78.55. The firm has a fifty day simple moving average of $76.01 and a two-hundred day simple moving average of $71.97. The company has a market cap of $17.18 billion, a P/E ratio of 12.27 and a beta of 0.82. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.48.

Loews (NYSE:L) last announced its quarterly earnings data on Monday, May 6th. The insurance provider reported $2.05 earnings per share for the quarter. Loews had a net margin of 9.02% and a return on equity of 9.18%. The company had revenue of $4.23 billion during the quarter.

Insider Activity at Loews

In other news, Director Paul J. Fribourg sold 951 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $75.02, for a total value of $71,344.02. Following the completion of the sale, the director now owns 21,200 shares in the company, valued at approximately $1,590,424. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Paul J. Fribourg sold 951 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $75.02, for a total value of $71,344.02. Following the completion of the sale, the director now owns 21,200 shares in the company, valued at approximately $1,590,424. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Richard Waldo Scott sold 7,325 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $74.12, for a total transaction of $542,929.00. Following the completion of the sale, the senior vice president now owns 51,965 shares of the company’s stock, valued at approximately $3,851,645.80. The disclosure for this sale can be found here. Insiders sold 137,563 shares of company stock worth $10,052,551 in the last 90 days. 18.70% of the stock is owned by corporate insiders.

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.