US Asset Management LLC Invests $523,000 in Loews Co. (NYSE:L)

US Asset Management LLC purchased a new position in Loews Co. (NYSE:L) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,518 shares of the insurance provider’s stock, valued at approximately $523,000.

Other large investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its stake in Loews by 41.4% during the 4th quarter. Lindbrook Capital LLC now owns 611 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 179 shares in the last quarter. Optas LLC grew its stake in shares of Loews by 2.4% in the third quarter. Optas LLC now owns 7,615 shares of the insurance provider’s stock worth $482,000 after acquiring an additional 181 shares in the last quarter. Chase Investment Counsel Corp increased its position in shares of Loews by 0.5% during 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. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Loews by 4.3% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,839 shares of the insurance provider’s stock valued at $337,000 after purchasing an additional 199 shares during the period. Finally, Coldstream Capital Management Inc. grew its stake in Loews by 5.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,856 shares of the insurance provider’s stock worth $244,000 after purchasing an additional 201 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Stock Up 0.3 %

Shares of NYSE:L traded up $0.21 during trading hours on Friday, reaching $77.91. The stock had a trading volume of 186,173 shares, compared to its average volume of 741,102. Loews Co. has a 1 year low of $55.94 and a 1 year high of $78.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market capitalization of $17.31 billion, a price-to-earnings ratio of 12.34 and a beta of 0.82. The firm’s 50 day moving average is $76.11 and its 200-day moving average is $72.05.

Loews (NYSE:L) last issued its quarterly earnings results on Monday, May 6th. The insurance provider reported $2.05 earnings per share for the quarter. The firm 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 Buying and Selling

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 transaction of $9,130,000.00. Following the completion of the transaction, the director now directly owns 945,886 shares of the company’s stock, valued at approximately $69,087,513.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other 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 completion of the sale, the director now directly owns 21,200 shares in the company, valued at approximately $1,590,424. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrew H. Tisch sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was 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 in the company, valued at $69,087,513.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,276 shares of company stock valued at $9,744,273. Corporate 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.