Loews Co. (NYSE:L) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. grew its holdings in Loews Co. (NYSE:L) by 18.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,361 shares of the insurance provider’s stock after purchasing an additional 668 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Loews were worth $303,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Savant Capital LLC grew its stake in shares of Loews by 6.1% in the 4th quarter. Savant Capital LLC now owns 7,087 shares of the insurance provider’s stock valued at $493,000 after buying an additional 405 shares during the period. Chase Investment Counsel Corp grew its position in Loews by 0.5% in the fourth quarter. Chase Investment Counsel Corp now owns 36,553 shares of the insurance provider’s stock worth $2,543,000 after acquiring an additional 190 shares during the period. PGGM Investments increased its stake in Loews by 7.5% during the fourth quarter. PGGM Investments now owns 172,884 shares of the insurance provider’s stock worth $12,031,000 after acquiring an additional 12,047 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Loews by 15.9% during the fourth quarter. Russell Investments Group Ltd. now owns 116,377 shares of the insurance provider’s stock worth $8,097,000 after acquiring an additional 15,968 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC purchased a new stake in Loews in the fourth quarter valued at $219,000. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Loews Stock Performance

NYSE L opened at $77.81 on Wednesday. The stock has a fifty day simple moving average of $76.01 and a 200-day simple moving average of $71.97. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.48. The stock has a market cap of $17.29 billion, a PE ratio of 12.35 and a beta of 0.82. Loews Co. has a twelve month low of $55.94 and a twelve month high of $78.55.

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

Insider Activity at Loews

In other Loews news, Director Paul J. Fribourg sold 951 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction of $71,344.02. Following the transaction, the director now directly owns 21,200 shares in the company, valued at $1,590,424. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Andrew H. Tisch sold 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $73.04, for a total value of $9,130,000.00. Following the completion of the transaction, the director now owns 945,886 shares of the company’s stock, valued at $69,087,513.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg sold 951 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction of $71,344.02. Following the sale, the director now directly owns 21,200 shares in the company, valued at $1,590,424. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,563 shares of company stock worth $10,052,551. Insiders own 18.70% of the company’s stock.

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.