Capital Fund Management S.A. Increases Holdings in Loews Co. (NYSE:L)

Capital Fund Management S.A. grew its stake in shares of Loews Co. (NYSE:L - Free Report) by 55.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,099 shares of the insurance provider's stock after acquiring an additional 13,216 shares during the quarter. Capital Fund Management S.A.'s holdings in Loews were worth $3,142,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

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

Loews Stock Performance

Shares of Loews stock traded up $0.07 on Friday, hitting $85.27. The stock had a trading volume of 536,344 shares, compared to its average volume of 734,647. The company's 50 day moving average price is $85.91 and its 200 day moving average price is $84.28. The stock has a market cap of $17.94 billion, a price-to-earnings ratio of 13.32 and a beta of 0.60. 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 Co. has a 52-week low of $73.15 and a 52-week high of $92.42.

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

Loews Dividend Announcement

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

Insider Buying and Selling

In related news, Director Jonathan M. Tisch sold 3,691 shares of Loews stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan M. Tisch sold 50,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the director now directly owns 7,105,529 shares of the company's stock, 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. Insiders sold a total of 151,327 shares of company stock valued at $12,851,055 over the last three months. 18.70% of the stock is currently owned by company 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.