Jane Street Group LLC Decreases Stock Position in Loews Co. (NYSE:L)

Jane Street Group LLC lowered its position in shares of Loews Co. (NYSE:L - Free Report) by 57.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,659 shares of the insurance provider's stock after selling 60,167 shares during the period. Jane Street Group LLC's holdings in Loews were worth $3,782,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Venturi Wealth Management LLC increased its position in Loews by 10.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider's stock valued at $105,000 after acquiring an additional 119 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in shares of Loews by 3.2% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 3,884 shares of the insurance provider's stock valued at $329,000 after buying an additional 122 shares during the period. Wedmont Private Capital raised its holdings in shares of Loews by 5.2% in the fourth quarter. Wedmont Private Capital now owns 3,065 shares of the insurance provider's stock worth $249,000 after buying an additional 151 shares during the period. Mather Group LLC. raised its holdings in shares of Loews by 7.7% in the fourth quarter. Mather Group LLC. now owns 2,248 shares of the insurance provider's stock worth $190,000 after buying an additional 161 shares during the period. Finally, Perigon Wealth Management LLC lifted its stake in shares of Loews by 5.9% during the 4th quarter. Perigon Wealth Management LLC now owns 3,306 shares of the insurance provider's stock worth $285,000 after acquiring an additional 183 shares during the last quarter. Institutional investors own 58.33% of the company's stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, SVP Richard Waldo Scott sold 9,019 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $87.92, for a total transaction of $792,950.48. Following the transaction, the senior vice president now directly owns 33,901 shares in the company, valued at $2,980,575.92. This represents a 21.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan M. Tisch sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $84.66, for a total transaction of $4,233,000.00. Following the completion of the sale, the director now directly owns 6,755,529 shares in the company, valued at $571,923,085.14. This represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 156,655 shares of company stock worth $13,323,294. Insiders own 19.00% of the company's stock.

Loews Stock Down 1.6%

Loews stock traded down $1.42 during trading on Wednesday, reaching $87.17. The stock had a trading volume of 811,339 shares, compared to its average volume of 730,813. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a 52-week low of $73.15 and a 52-week high of $92.42. The stock has a market cap of $18.28 billion, a PE ratio of 13.62 and a beta of 0.70. The business has a 50 day moving average price of $86.75 and a 200 day moving average price of $85.08.

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

Loews Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.0625 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.25 annualized dividend and a yield of 0.29%. Loews's dividend payout ratio is presently 4.11%.

Loews 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.