Sequoia Financial Advisors LLC Has $1.80 Million Stake in Loews Corporation $L

Sequoia Financial Advisors LLC boosted its holdings in shares of Loews Corporation (NYSE:L) by 39.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,076 shares of the insurance provider’s stock after purchasing an additional 4,826 shares during the period. Sequoia Financial Advisors LLC’s holdings in Loews were worth $1,798,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of L. Gateway Investment Advisers LLC acquired a new stake in Loews in the 4th quarter valued at about $430,000. Swedbank AB increased its position in Loews by 4.8% in the 4th quarter. Swedbank AB now owns 464,458 shares of the insurance provider’s stock valued at $48,912,000 after acquiring an additional 21,352 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Loews by 12.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 369,994 shares of the insurance provider’s stock valued at $38,724,000 after acquiring an additional 39,968 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Loews by 3.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,840 shares of the insurance provider’s stock valued at $2,511,000 after acquiring an additional 720 shares in the last quarter. Finally, Highlander Partners L.P. acquired a new stake in Loews in the 4th quarter valued at about $129,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Loews Stock Down 0.8%

NYSE L opened at $103.64 on Tuesday. The stock has a fifty day moving average of $108.67 and a 200-day moving average of $106.34. The stock has a market capitalization of $21.33 billion, a P/E ratio of 13.17 and a beta of 0.56. Loews Corporation has a 52 week low of $86.77 and a 52 week high of $114.90. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.36 and a current ratio of 0.36.

Loews (NYSE:L) last issued its quarterly earnings results on Monday, May 4th. The insurance provider reported $1.63 EPS for the quarter. Loews had a net margin of 8.83% and a return on equity of 8.51%. The company had revenue of $4.56 billion during the quarter.

Insider Activity at Loews

In other news, Director Andrew H. Tisch sold 50,000 shares of Loews stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $108.81, for a total transaction of $5,440,500.00. Following the completion of the sale, the director owned 12,480,400 shares in the company, valued at $1,357,992,324. The trade was a 0.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 19.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Loews in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Loews has an average rating of “Strong Buy”.

Loews Profile

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.