SeaCrest Wealth Management LLC Makes New $26,000 Investment in Loews Co. (NYSE:L)

SeaCrest Wealth Management LLC acquired a new position in shares of Loews Co. (NYSE:LGet Rating) during the second quarter, HoldingsChannel reports. The institutional investor acquired 437 shares of the insurance provider’s stock, valued at approximately $26,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kinneret Advisory LLC raised its holdings in Loews by 2.3% during the first quarter. Kinneret Advisory LLC now owns 7,244 shares of the insurance provider’s stock worth $470,000 after purchasing an additional 162 shares in the last quarter. WINTON GROUP Ltd grew its position in shares of Loews by 0.8% during the first quarter. WINTON GROUP Ltd now owns 19,516 shares of the insurance provider’s stock worth $1,265,000 after acquiring an additional 164 shares during the last quarter. Glenview Trust Co grew its position in shares of Loews by 3.4% during the first quarter. Glenview Trust Co now owns 6,211 shares of the insurance provider’s stock worth $403,000 after acquiring an additional 206 shares during the last quarter. Empirical Finance LLC grew its position in shares of Loews by 4.9% during the second quarter. Empirical Finance LLC now owns 4,470 shares of the insurance provider’s stock worth $265,000 after acquiring an additional 210 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Loews by 1.9% during the second quarter. Janney Montgomery Scott LLC now owns 13,387 shares of the insurance provider’s stock worth $797,000 after acquiring an additional 245 shares during the last quarter. Institutional investors and hedge funds own 58.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. TheStreet lowered shares of Loews from a “b” rating to a “c” rating in a research report on Monday, August 1st. StockNews.com upgraded shares of Loews from a “hold” rating to a “buy” rating in a research report on Wednesday, November 2nd.

Loews Stock Performance

NYSE:L opened at $57.31 on Thursday. The firm’s fifty day moving average price is $54.16 and its 200 day moving average price is $57.39. Loews Co. has a 1-year low of $49.36 and a 1-year high of $68.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $13.61 billion, a price-to-earnings ratio of 14.33 and a beta of 0.86.

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Wednesday, November 23rd will be given a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.25 dividend on an annualized basis and a yield of 0.44%. Loews’s dividend payout ratio (DPR) is 6.25%.

Insider Activity at Loews

In other Loews news, major shareholder Corp Loews bought 47,899 shares of Loews stock in a transaction on Thursday, September 8th. The stock was bought at an average price of $40.08 per share, with a total value of $1,919,791.92. Following the completion of the acquisition, the insider now owns 243,526,599 shares in the company, valued at $9,760,546,087.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 274,630 shares of company stock worth $10,802,190 in the last three months. Insiders own 17.50% of the company’s stock.

Loews Profile

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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 property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages.

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Institutional Ownership by Quarter for Loews (NYSE:L)

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