Loews Co. (NYSE:L) Shares Sold by St. James Investment Company LLC

St. James Investment Company LLC lowered its position in shares of Loews Co. (NYSE:L - Free Report) by 8.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 600,602 shares of the insurance provider's stock after selling 52,646 shares during the period. Loews accounts for 6.8% of St. James Investment Company LLC's portfolio, making the stock its 4th biggest holding. St. James Investment Company LLC owned about 0.27% of Loews worth $41,796,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Loews in the fourth quarter worth about $420,569,000. Assenagon Asset Management S.A. lifted its holdings in Loews by 316.1% in the third quarter. Assenagon Asset Management S.A. now owns 580,107 shares of the insurance provider's stock worth $36,727,000 after purchasing an additional 440,693 shares during the period. National Pension Service lifted its holdings in Loews by 2,042.1% in the first quarter. National Pension Service now owns 385,399 shares of the insurance provider's stock worth $24,982,000 after purchasing an additional 367,407 shares during the period. Renaissance Technologies LLC lifted its holdings in Loews by 495.4% in the first quarter. Renaissance Technologies LLC now owns 285,200 shares of the insurance provider's stock worth $18,487,000 after purchasing an additional 237,300 shares during the period. Finally, Morgan Stanley lifted its holdings in Loews by 15.4% in the third quarter. Morgan Stanley now owns 1,711,774 shares of the insurance provider's stock worth $108,372,000 after purchasing an additional 228,660 shares during the period. Institutional investors own 58.33% of the company's stock.

Loews Price Performance

NYSE L traded down $0.13 on Tuesday, reaching $73.31. The company's stock had a trading volume of 640,123 shares, compared to its average volume of 763,705. Loews Co. has a twelve month low of $55.31 and a twelve month high of $78.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market cap of $16.29 billion, a PE ratio of 11.64 and a beta of 0.83. The firm's 50 day moving average is $75.38 and its two-hundred day moving average is $70.66.

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

Loews Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 21st were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Tuesday, February 20th. Loews's payout ratio is 3.97%.

Insiders Place Their Bets

In other Loews news, insider Jonathan M. Tisch sold 4,287 shares of the firm's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $71.91, for a total value of $308,278.17. Following the completion of the transaction, the insider now directly owns 106,870 shares in the company, valued at $7,685,021.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Jonathan M. Tisch sold 4,287 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $71.91, for a total value of $308,278.17. Following the completion of the sale, the insider now directly owns 106,870 shares of the company's stock, valued at $7,685,021.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew H. Tisch sold 125,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $73.04, for a total transaction of $9,130,000.00. Following the completion of the sale, the director now directly owns 945,886 shares of the company's stock, valued at $69,087,513.44. The disclosure for this sale can be found here. Insiders sold a total of 137,563 shares of company stock worth $10,052,551 over the last ninety days. 18.70% of the stock is currently owned by company 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.