Loews Co. (NYSE:L) Shares Sold by LSV Asset Management

LSV Asset Management lessened its stake in Loews Co. (NYSE:L - Free Report) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,100 shares of the insurance provider's stock after selling 9,800 shares during the period. LSV Asset Management owned 0.07% of Loews worth $12,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Miracle Mile Advisors LLC purchased a new stake in shares of Loews during the fourth quarter worth about $315,000. Nordea Investment Management AB raised its holdings in shares of Loews by 7.5% in the fourth quarter. Nordea Investment Management AB now owns 15,619 shares of the insurance provider's stock worth $1,323,000 after buying an additional 1,085 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Loews by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,287,833 shares of the insurance provider's stock worth $109,067,000 after buying an additional 77,386 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of Loews during the fourth quarter valued at $440,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Loews in the 4th quarter worth $425,000. 58.33% of the stock is currently owned by institutional investors.

Loews Stock Performance

Shares of NYSE L traded up $0.07 during trading on Friday, reaching $85.27. 536,344 shares of the company traded hands, compared to its average volume of 734,373. Loews Co. has a 12-month low of $73.15 and a 12-month high of $92.42. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock has a market cap of $17.94 billion, a P/E ratio of 13.32 and a beta of 0.60. The firm's fifty day simple moving average is $85.90 and its 200 day simple moving average is $84.16.

Loews (NYSE:L - Get Free Report) last announced 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 Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 annualized dividend and a yield of 0.29%. Loews's dividend payout ratio is presently 3.91%.

Insiders Place Their Bets

In other news, Director Jonathan M. Tisch sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 in the company, valued at $604,538,407.32. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan M. Tisch sold 3,691 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The disclosure for this sale can be found here. Over the last quarter, insiders sold 151,327 shares of company stock worth $12,851,055. Company insiders own 18.70% of the company's stock.

Wall Street Analyst Weigh In

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

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.