Loews Corporation (NYSE:L) Holdings Lowered by St. James Investment Company LLC

St. James Investment Company LLC cut its holdings in shares of Loews Corporation (NYSE:L - Free Report) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 469,046 shares of the insurance provider's stock after selling 5,751 shares during the period. Loews comprises about 7.2% of St. James Investment Company LLC's portfolio, making the stock its 4th biggest position. St. James Investment Company LLC owned about 0.22% of Loews worth $43,110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE grew its stake in shares of Loews by 3.1% in the fourth quarter. US Bancorp DE now owns 7,715 shares of the insurance provider's stock worth $653,000 after acquiring an additional 233 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Loews by 3.7% in the fourth quarter. Metis Global Partners LLC now owns 6,158 shares of the insurance provider's stock valued at $522,000 after purchasing an additional 222 shares during the period. Fidelis Capital Partners LLC acquired a new position in Loews during the 4th quarter worth $440,000. Steward Partners Investment Advisory LLC grew its stake in Loews by 13.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,433 shares of the insurance provider's stock worth $206,000 after purchasing an additional 288 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Loews by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,623,291 shares of the insurance provider's stock worth $137,477,000 after purchasing an additional 11,540 shares during the period. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Loews Stock Up 1.1%

NYSE L traded up $1.05 on Friday, hitting $92.39. 500,770 shares of the stock were exchanged, compared to its average volume of 733,268. Loews Corporation has a fifty-two week low of $73.85 and a fifty-two week high of $92.60. The company has a 50-day moving average price of $88.78 and a 200-day moving average price of $86.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.47. The company has a market cap of $19.37 billion, a PE ratio of 15.17 and a beta of 0.70.

Loews (NYSE:L - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.74 earnings per share (EPS) for the quarter. The business had revenue of $4.49 billion during the quarter. Loews had a net margin of 7.47% and a return on equity of 7.43%.

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Wednesday, May 28th. Loews's dividend payout ratio (DPR) is 4.11%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Loews from a "hold" rating to a "buy" rating in a research note on Tuesday, May 6th.

Insider Activity

In other news, SVP Richard Waldo Scott sold 9,019 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $87.92, for a total transaction of $792,950.48. Following the sale, the senior vice president owned 33,901 shares of the company's stock, valued at approximately $2,980,575.92. This trade represents a 21.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 18.70% of the company's stock.

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.