Donald Smith & CO. Inc. Trims Stock Holdings in Loews Co. (NYSE:L)

Donald Smith & CO. Inc. trimmed its stake in Loews Co. (NYSE:L - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 589,116 shares of the insurance provider's stock after selling 125,951 shares during the quarter. Donald Smith & CO. Inc. owned approximately 0.26% of Loews worth $40,997,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Chase Investment Counsel Corp increased its stake in shares of Loews by 0.5% during the 4th quarter. Chase Investment Counsel Corp now owns 36,553 shares of the insurance provider's stock worth $2,543,000 after purchasing an additional 190 shares during the last quarter. PGGM Investments increased its position in Loews by 7.5% during the fourth quarter. PGGM Investments now owns 172,884 shares of the insurance provider's stock worth $12,031,000 after buying an additional 12,047 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Loews by 15.9% in the fourth quarter. Russell Investments Group Ltd. now owns 116,377 shares of the insurance provider's stock valued at $8,097,000 after buying an additional 15,968 shares during the period. Bryn Mawr Capital Management LLC acquired a new stake in shares of Loews in the fourth quarter valued at approximately $219,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Loews by 4.3% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,839 shares of the insurance provider's stock worth $337,000 after acquiring an additional 199 shares during the period. Institutional investors and hedge funds own 58.33% of the company's stock.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg sold 951 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $75.02, for a total value of $71,344.02. Following the transaction, the director now owns 21,200 shares of the company's stock, valued at $1,590,424. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Loews news, insider Jonathan M. Tisch sold 4,287 shares of Loews 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 sale, the insider now owns 106,870 shares in the company, valued at approximately $7,685,021.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Fribourg sold 951 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $75.02, for a total transaction of $71,344.02. Following the completion of the sale, the director now directly owns 21,200 shares of the company's stock, valued at approximately $1,590,424. The disclosure for this sale can be found here. Insiders sold 137,563 shares of company stock worth $10,052,551 over the last three months. Insiders own 18.70% of the company's stock.

Loews Stock Performance

Shares of L stock traded up $0.36 during trading on Monday, reaching $75.82. 599,379 shares of the company's stock were exchanged, compared to its average volume of 752,082. The firm's fifty day moving average price is $75.77 and its 200-day moving average price is $71.45. Loews Co. has a twelve month low of $55.94 and a twelve month high of $78.55. The stock has a market capitalization of $16.85 billion, a PE ratio of 12.03 and a beta of 0.83. 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 released its quarterly earnings data on Monday, February 5th. The insurance provider reported $1.99 EPS for the quarter. The firm had revenue of $4.26 billion for the quarter. Loews had a net margin of 9.02% and a return on equity of 9.18%.

Loews Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 21st were issued a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.25 annualized dividend and a yield of 0.33%. Loews's dividend payout ratio is currently 3.97%.

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.