Loews Co. (NYSE:L) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC raised its holdings in Loews Co. (NYSE:L - Free Report) by 18.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 76,396 shares of the insurance provider's stock after acquiring an additional 11,895 shares during the period. Gotham Asset Management LLC's holdings in Loews were worth $6,470,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of L. Focus Partners Wealth increased its holdings in shares of Loews by 131.5% during the 4th quarter. Focus Partners Wealth now owns 13,113 shares of the insurance provider's stock worth $1,111,000 after buying an additional 7,448 shares during the last quarter. Ensign Peak Advisors Inc increased its holdings in shares of Loews by 30.3% during the 4th quarter. Ensign Peak Advisors Inc now owns 63,663 shares of the insurance provider's stock worth $5,392,000 after buying an additional 14,816 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Loews by 16.2% during the 4th quarter. Cetera Investment Advisers now owns 4,265 shares of the insurance provider's stock worth $361,000 after buying an additional 596 shares during the last quarter. Blue Capital Inc. acquired a new stake in shares of Loews during the 4th quarter worth $618,000. Finally, Bridgefront Capital LLC increased its holdings in shares of Loews by 127.3% during the 4th quarter. Bridgefront Capital LLC now owns 7,674 shares of the insurance provider's stock worth $650,000 after buying an additional 4,298 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Stock Up 0.6%

NYSE L traded up $0.56 during trading hours on Friday, hitting $89.37. The company had a trading volume of 692,951 shares, compared to its average volume of 730,241. Loews Co. has a fifty-two week low of $73.15 and a fifty-two week high of $92.42. The company has a market capitalization of $18.74 billion, a price-to-earnings ratio of 13.96 and a beta of 0.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The firm's 50 day moving average is $86.96 and its 200 day moving average is $85.22.

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

Loews Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.25 annualized dividend and a dividend yield of 0.28%. Loews's dividend payout ratio is presently 4.11%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Loews from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.

Insider Activity

In related news, SVP Richard Waldo Scott sold 9,019 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $87.92, for a total value of $792,950.48. Following the completion of the sale, the senior vice president now directly owns 33,901 shares of the company's stock, valued at $2,980,575.92. The trade was a 21.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 value of $4,254,000.00. Following the completion of the sale, the director now directly owns 7,105,529 shares of the company's stock, valued at approximately $604,538,407.32. This represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 156,655 shares of company stock worth $13,323,294 over the last ninety days. Corporate insiders own 19.00% 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.