Loews Co. (NYSE:L) Shares Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC raised its position in Loews Co. (NYSE:L - Free Report) by 147.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 202,417 shares of the insurance provider's stock after purchasing an additional 120,565 shares during the period. Voloridge Investment Management LLC owned about 0.09% of Loews worth $17,143,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Loews during the fourth quarter valued at $26,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Loews during the fourth quarter valued at $27,000. Itau Unibanco Holding S.A. boosted its stake in shares of Loews by 387.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider's stock valued at $37,000 after acquiring an additional 345 shares during the last quarter. Human Investing LLC acquired a new stake in shares of Loews during the fourth quarter valued at $51,000. Finally, Graney & King LLC acquired a new stake in shares of Loews during the fourth quarter valued at $56,000. Institutional investors and hedge funds own 58.33% of the company's stock.

Wall Street Analyst Weigh In

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

Loews Trading Down 0.5%

NYSE:L traded down $0.47 during mid-day trading on Wednesday, reaching $88.55. The company's stock had a trading volume of 196,005 shares, compared to its average volume of 727,113. The company's fifty day simple moving average is $87.22 and its two-hundred day simple moving average is $85.65. 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 Co. has a twelve month low of $73.15 and a twelve month high of $92.42. The stock has a market cap of $18.57 billion, a P/E ratio of 13.83 and a beta of 0.70.

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

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.28%. Loews's dividend payout ratio (DPR) is 4.11%.

Insider Transactions at Loews

In other Loews news, SVP Richard Waldo Scott sold 9,019 shares of Loews stock in a transaction that occurred on 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 now directly owns 33,901 shares in the company, valued at $2,980,575.92. The trade was a 21.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan M. Tisch sold 47,636 shares of Loews stock in a transaction that occurred on 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 completion of the transaction, the director now owns 6,705,529 shares of the company's stock, valued at approximately $569,165,301.52. The trade was a 0.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,655 shares of company stock worth $9,069,294 in the last three months. 19.00% 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.