Caisse DE Depot ET Placement DU Quebec Has $18.36 Million Stock Position in Loews Co. (NYSE:L)

Caisse DE Depot ET Placement DU Quebec lowered its position in shares of Loews Co. (NYSE:L - Free Report) by 54.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 216,790 shares of the insurance provider's stock after selling 260,694 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.10% of Loews worth $18,360,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Loews during the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Loews during the 3rd quarter worth approximately $49,000. Human Investing LLC acquired a new position in shares of Loews during the 4th quarter worth approximately $51,000. Graney & King LLC purchased a new position in Loews during the fourth quarter worth $56,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Loews during the fourth quarter valued at $68,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Loews from a "hold" rating to a "buy" rating in a research report on Tuesday.

Loews Trading Up 1.3 %

Shares of NYSE L traded up $1.13 on Wednesday, reaching $87.91. 667,543 shares of the company traded hands, compared to its average volume of 767,138. Loews Co. has a fifty-two week low of $73.15 and a fifty-two week high of $92.42. The company has a 50 day moving average of $86.49 and a 200 day moving average of $84.81. The stock has a market capitalization of $18.49 billion, a PE ratio of 13.74 and a beta of 0.70. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

Loews (NYSE:L - Get Free Report) last issued its earnings results on Monday, May 5th. The insurance provider reported $1.74 earnings per share for the quarter. The firm had revenue of $4.49 billion for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were given a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.28%. Loews's payout ratio is 3.91%.

Insider Activity

In related news, Director Jonathan M. Tisch sold 47,636 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the sale, the director now owns 6,705,529 shares of the company's stock, valued at $569,165,301.52. The trade was a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The disclosure for this sale can be found here. In the last three months, insiders sold 151,327 shares of company stock valued at $12,851,055. Company insiders own 19.00% of the company's stock.

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.