Dimensional Fund Advisors LP Sells 41,346 Shares of Loews Co. (NYSE:L)

Dimensional Fund Advisors LP lessened its holdings in shares of Loews Co. (NYSE:L - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,694,356 shares of the insurance provider's stock after selling 41,346 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.24% of Loews worth $228,182,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of L. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Loews during the fourth quarter worth $26,000. Human Investing LLC acquired a new stake in shares of Loews during the fourth quarter worth $51,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Loews during the third quarter worth $49,000. Graney & King LLC acquired a new stake in shares of 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 worth $68,000. Institutional investors and hedge funds own 58.33% of the company's stock.

Wall Street Analysts Forecast Growth

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

Loews Price Performance

L stock traded down $0.94 during midday trading on Friday, reaching $85.30. The company had a trading volume of 447,499 shares, compared to its average volume of 733,568. The company has a market capitalization of $17.94 billion, a price-to-earnings ratio of 13.33 and a beta of 0.60. The stock has a 50 day moving average price of $86.11 and a 200-day moving average price of $84.55. Loews Co. has a 1-year low of $73.15 and a 1-year high of $92.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34.

Loews (NYSE:L - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 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 declared 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 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Wednesday, February 26th. Loews's dividend payout ratio (DPR) is presently 3.91%.

Insider Activity at Loews

In other Loews news, Director Jonathan M. Tisch sold 47,636 shares of Loews stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $84.88, for a total value of $4,043,343.68. Following the transaction, the director now owns 6,705,529 shares in the company, valued at $569,165,301.52. The trade was a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan M. Tisch sold 3,691 shares of Loews 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 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 quarter. 18.70% of the stock is owned by corporate insiders.

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.