Carolina Wealth Advisors LLC Acquires 210 Shares of Loews Co. (NYSE:L)

Carolina Wealth Advisors LLC raised its holdings in shares of Loews Co. (NYSE:L) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,917 shares of the insurance provider’s stock after acquiring an additional 210 shares during the quarter. Loews comprises approximately 0.5% of Carolina Wealth Advisors LLC’s portfolio, making the stock its 29th biggest holding. Carolina Wealth Advisors LLC’s holdings in Loews were worth $840,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in L. State Street Corp grew its stake in Loews by 1.0% during the third quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock valued at $638,506,000 after acquiring an additional 82,581 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Loews by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider’s stock worth $336,005,000 after buying an additional 53,428 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Loews by 2.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,183,138 shares of the insurance provider’s stock worth $251,627,000 after buying an additional 69,459 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Loews by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,673,906 shares of the insurance provider’s stock valued at $199,858,000 after acquiring an additional 161,810 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Loews by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock valued at $127,409,000 after acquiring an additional 8,615 shares during the last quarter. 58.33% of the stock is owned by institutional investors.

Insider Activity at Loews

In other Loews news, Director Charles M. Diker sold 1,146 shares of Loews stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $86.83, for a total transaction of $99,507.18. Following the completion of the transaction, the director now owns 19,906 shares in the company, valued at approximately $1,728,437.98. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $83.26, for a total value of $4,163,000.00. Following the completion of the sale, the director now directly owns 11,939,677 shares in the company, valued at approximately $994,097,507.02. This represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,679 shares of company stock worth $11,134,916 over the last quarter. Corporate insiders own 18.70% of the company’s stock.

Loews Stock Performance

Loews stock opened at $84.73 on Thursday. Loews Co. has a 1-year low of $70.59 and a 1-year high of $87.45. The firm has a market cap of $18.45 billion, a P/E ratio of 11.25 and a beta of 0.83. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average of $84.24 and a 200-day moving average of $80.67.

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 27th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Wednesday, November 27th. Loews’s payout ratio is 3.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Loews from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th.

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.