Loews Co. (NYSE:L) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in Loews Co. (NYSE:L - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,823 shares of the insurance provider's stock after purchasing an additional 6,055 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.08% of Loews worth $14,721,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Loews

In other news, Director Jonathan M. Tisch sold 50,000 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total value of $4,254,000.00. Following the transaction, the director now owns 7,105,529 shares of the company's stock, valued at $604,538,407.32. This represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the firm's stock in a transaction dated 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. Insiders sold a total of 151,327 shares of company stock worth $12,851,055 in the last three months. 18.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Loews Price Performance

L stock traded up $2.43 during midday trading on Tuesday, reaching $85.77. The stock had a trading volume of 569,620 shares, compared to its average volume of 733,708. Loews Co. has a 52-week low of $73.15 and a 52-week high of $92.42. 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 company's fifty day simple moving average is $85.95 and its 200 day simple moving average is $84.32. The company has a market cap of $18.04 billion, a price-to-earnings ratio of 13.40 and a beta of 0.60.

Loews (NYSE:L - Get Free Report) last announced its quarterly earnings data 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 Announces Dividend

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

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.