Loews Co. (NYSE:L) Stock Holdings Trimmed by Legal & General Group Plc

Legal & General Group Plc lessened its position in shares of Loews Co. (NYSE:L - Free Report) by 19.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,458,688 shares of the insurance provider's stock after selling 349,539 shares during the quarter. Legal & General Group Plc owned about 0.67% of Loews worth $123,536,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

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

Loews Trading Up 0.4 %

Shares of NYSE:L traded up $0.32 during trading on Wednesday, reaching $86.45. The stock had a trading volume of 105,732 shares, compared to its average volume of 733,028. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock has a market cap of $18.18 billion, a P/E ratio of 13.51 and a beta of 0.60. The business has a fifty day moving average price of $85.94 and a 200-day moving average price of $84.11. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $92.42.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were given 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 of this dividend was Wednesday, February 26th. Loews's dividend payout ratio (DPR) is presently 3.91%.

Insider Buying and Selling

In other Loews news, Director Jonathan M. Tisch sold 47,636 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $84.88, for a total value of $4,043,343.68. Following the completion of the sale, the director now owns 6,705,529 shares of the company's stock, valued at $569,165,301.52. This trade represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,327 shares of company stock valued at $12,851,055. 18.70% of the stock is currently owned by corporate insiders.

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.