3,051 Shares in Loews Co. (NYSE:L) Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Loews Co. (NYSE:L - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,051 shares of the insurance provider's stock, valued at approximately $258,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its stake in Loews by 10.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider's stock valued at $105,000 after acquiring an additional 119 shares in the last quarter. Wedmont Private Capital grew its stake in Loews by 5.2% during the 4th quarter. Wedmont Private Capital now owns 3,065 shares of the insurance provider's stock worth $249,000 after buying an additional 151 shares during the last quarter. Mather Group LLC. increased its position in Loews by 7.7% during the fourth quarter. Mather Group LLC. now owns 2,248 shares of the insurance provider's stock worth $190,000 after buying an additional 161 shares during the period. Perigon Wealth Management LLC boosted its holdings in shares of Loews by 5.9% in the fourth quarter. Perigon Wealth Management LLC now owns 3,306 shares of the insurance provider's stock valued at $285,000 after acquiring an additional 183 shares during the period. Finally, Aaron Wealth Advisors LLC grew its position in shares of Loews by 5.8% during the fourth quarter. Aaron Wealth Advisors LLC now owns 3,568 shares of the insurance provider's stock worth $302,000 after acquiring an additional 196 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company's stock.

Insider Buying and Selling

In other Loews news, Director Jonathan M. Tisch sold 3,691 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan M. Tisch sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the transaction, the director now directly owns 7,105,529 shares in the company, valued at $604,538,407.32. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 151,327 shares of company stock valued at $12,851,055. Corporate insiders own 18.70% of the company's stock.

Loews Stock Performance

Shares of Loews stock traded up $0.20 on Wednesday, reaching $86.84. 997,020 shares of the stock were exchanged, compared to its average volume of 732,982. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $18.27 billion, a PE ratio of 13.57 and a beta of 0.60. Loews Co. has a 1-year low of $73.15 and a 1-year high of $92.42. The business has a fifty day moving average price of $86.32 and a two-hundred day moving average price of $84.62.

Loews (NYSE:L - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Wednesday, February 26th. Loews's dividend payout ratio (DPR) is 3.91%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Loews from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th.

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.