Fielder Capital Group LLC Acquires Shares of 13,294 Loews Co. (NYSE:L)

Fielder Capital Group LLC bought a new position in shares of Loews Co. (NYSE:L) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,294 shares of the insurance provider’s stock, valued at approximately $925,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its stake in Loews by 316.1% in the third quarter. Assenagon Asset Management S.A. now owns 580,107 shares of the insurance provider’s stock valued at $36,727,000 after acquiring an additional 440,693 shares in the last quarter. LSV Asset Management acquired a new position in shares of Loews in the 4th quarter valued at $12,658,000. The Manufacturers Life Insurance Company raised its position in Loews by 118.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 286,708 shares of the insurance provider’s stock valued at $18,151,000 after purchasing an additional 155,713 shares during the last quarter. Barclays PLC grew its position in Loews by 34.9% during the 3rd quarter. Barclays PLC now owns 577,591 shares of the insurance provider’s stock worth $36,568,000 after purchasing an additional 149,500 shares during the last quarter. Finally, Bank of Nova Scotia increased its stake in Loews by 115.4% in the third quarter. Bank of Nova Scotia now owns 270,421 shares of the insurance provider’s stock valued at $17,120,000 after purchasing an additional 144,902 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Stock Performance

L traded up $0.07 during trading on Tuesday, hitting $77.81. The stock had a trading volume of 620,791 shares, compared to its average volume of 748,764. The firm has a market capitalization of $17.29 billion, a P/E ratio of 12.34 and a beta of 0.82. Loews Co. has a twelve month low of $55.94 and a twelve month high of $78.55. The company’s 50-day moving average price is $75.95 and its 200 day moving average price is $71.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32.

Loews (NYSE:L) last posted 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 for the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%.

Insider Buying and Selling

In other Loews news, insider Jonathan M. Tisch sold 4,287 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $71.91, for a total transaction of $308,278.17. Following the completion of the sale, the insider now owns 106,870 shares of the company’s stock, valued at $7,685,021.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Jonathan M. Tisch sold 4,287 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $71.91, for a total value of $308,278.17. Following the completion of the sale, the insider now owns 106,870 shares in the company, valued at $7,685,021.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul J. Fribourg sold 951 shares of the business’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 value of $71,344.02. Following the transaction, 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. Over the last 90 days, insiders have sold 137,563 shares of company stock worth $10,052,551. 18.70% of the stock is owned by insiders.

Loews Company 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.