Loews Corporation $L is St. James Investment Company LLC’s 3rd Largest Position

St. James Investment Company LLC lessened its stake in shares of Loews Corporation (NYSE:L) by 2.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 460,076 shares of the insurance provider’s stock after selling 9,787 shares during the period. Loews comprises approximately 7.3% of St. James Investment Company LLC’s investment portfolio, making the stock its 3rd biggest holding. St. James Investment Company LLC owned approximately 0.22% of Loews worth $46,187,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SJS Investment Consulting Inc. raised its position in Loews by 880.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 229 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Loews during the second quarter valued at $27,000. NewSquare Capital LLC raised its holdings in shares of Loews by 404.1% in the second quarter. NewSquare Capital LLC now owns 368 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 295 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Loews by 14,900.0% in the second quarter. Hantz Financial Services Inc. now owns 450 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 447 shares during the period. Finally, MTM Investment Management LLC bought a new position in Loews during the 2nd quarter worth about $41,000. Institutional investors own 58.33% of the company’s stock.

Analyst Ratings Changes

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

Loews Stock Down 0.7%

NYSE:L opened at $102.42 on Tuesday. Loews Corporation has a fifty-two week low of $78.98 and a fifty-two week high of $109.06. The company’s 50-day simple moving average is $105.20 and its 200-day simple moving average is $99.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $21.17 billion, a P/E ratio of 14.84 and a beta of 0.61.

Loews (NYSE:L) last released its quarterly earnings results on Monday, November 3rd. The insurance provider reported $2.43 earnings per share (EPS) for the quarter. Loews had a net margin of 7.95% and a return on equity of 7.89%. The business had revenue of $4.67 billion for the quarter.

Loews Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Wednesday, November 26th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, November 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. Loews’s dividend payout ratio (DPR) is 3.62%.

Insider Activity

In related news, Director Walter L. Harris sold 1,442 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $107.88, for a total value of $155,562.96. Following the completion of the transaction, the director directly owned 24,594 shares in the company, valued at $2,653,200.72. The trade was a 5.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg sold 1,442 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $108.13, for a total transaction of $155,923.46. Following the sale, the director owned 400 shares in the company, valued at approximately $43,252. This represents a 78.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 125,770 shares of company stock valued at $13,325,818 over the last 90 days. 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.