Allspring Global Investments Holdings LLC Decreases Stock Position in Loews Co. (NYSE:L)

Allspring Global Investments Holdings LLC reduced its position in Loews Co. (NYSE:L - Free Report) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,221,849 shares of the insurance provider's stock after selling 33,433 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.44% of Loews worth $224,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Kinneret Advisory LLC lifted its stake in Loews by 2.3% during the first quarter. Kinneret Advisory LLC now owns 7,244 shares of the insurance provider's stock worth $470,000 after purchasing an additional 162 shares during the last quarter. Optas LLC raised its position in Loews by 2.4% during the 3rd quarter. Optas LLC now owns 7,615 shares of the insurance provider's stock valued at $482,000 after purchasing an additional 181 shares during the last quarter. United Capital Financial Advisers LLC raised its position in Loews by 2.7% during the 4th quarter. United Capital Financial Advisers LLC now owns 6,849 shares of the insurance provider's stock valued at $400,000 after purchasing an additional 183 shares during the last quarter. Coldstream Capital Management Inc. raised its position in Loews by 5.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,856 shares of the insurance provider's stock valued at $244,000 after purchasing an additional 201 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in Loews by 40.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 705 shares of the insurance provider's stock valued at $40,000 after purchasing an additional 202 shares during the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Loews Stock Down 0.8 %

Shares of NYSE:L traded down $0.60 during trading on Monday, hitting $76.06. The stock had a trading volume of 631,904 shares, compared to its average volume of 767,898. Loews Co. has a 12 month low of $55.31 and a 12 month high of $78.55. The company has a market capitalization of $16.90 billion, a PE ratio of 12.17 and a beta of 0.83. The firm's fifty day moving average is $75.18 and its 200 day moving average is $70.15. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.48.

Loews (NYSE:L - Get Free Report) last announced its earnings results on Monday, February 5th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter. Loews had a return on equity of 9.18% and a net margin of 9.02%. The firm had revenue of $4.26 billion during the quarter.

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Wednesday, February 21st were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Tuesday, February 20th. Loews's dividend payout ratio (DPR) is presently 3.97%.

Insider Activity at Loews

In other Loews news, SVP Richard Waldo Scott sold 7,325 shares of Loews stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $74.12, for a total value of $542,929.00. Following the completion of the sale, the senior vice president now owns 51,965 shares of the company's stock, valued at approximately $3,851,645.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Jonathan M. Tisch sold 4,287 shares of the firm's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $71.91, for a total value of $308,278.17. Following the transaction, the insider now directly owns 106,870 shares in the company, valued at approximately $7,685,021.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Richard Waldo Scott sold 7,325 shares of the firm's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $74.12, for a total value of $542,929.00. Following the completion of the transaction, the senior vice president now owns 51,965 shares in the company, valued at $3,851,645.80. The disclosure for this sale can be found here. Insiders sold a total of 137,563 shares of company stock valued at $10,052,551 in the last 90 days. Corporate insiders own 18.30% 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.

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