Los Angeles Capital Management LLC Increases Stock Holdings in Loews Co. (NYSE:L)

Los Angeles Capital Management LLC boosted its stake in Loews Co. (NYSE:L - Free Report) by 20.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,070 shares of the insurance provider's stock after acquiring an additional 38,078 shares during the period. Los Angeles Capital Management LLC owned 0.10% of Loews worth $15,871,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in L. Assenagon Asset Management S.A. grew its holdings in Loews by 316.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 580,107 shares of the insurance provider's stock worth $36,727,000 after acquiring an additional 440,693 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Loews by 118.9% in the third quarter. The Manufacturers Life Insurance Company now owns 286,708 shares of the insurance provider's stock worth $18,151,000 after purchasing an additional 155,713 shares in the last quarter. Barclays PLC lifted its stake in Loews by 34.9% in the third quarter. Barclays PLC now owns 577,591 shares of the insurance provider's stock valued at $36,568,000 after buying an additional 149,500 shares during the period. Bank of Nova Scotia boosted its holdings in shares of Loews by 115.4% during the 3rd quarter. Bank of Nova Scotia now owns 270,421 shares of the insurance provider's stock worth $17,120,000 after buying an additional 144,902 shares in the last quarter. Finally, Jump Financial LLC grew its position in shares of Loews by 3,984.2% during the 3rd quarter. Jump Financial LLC now owns 146,910 shares of the insurance provider's stock worth $9,301,000 after buying an additional 143,313 shares during the period. 58.33% of the stock is currently owned by institutional investors.

Insider Activity at Loews

In other news, SVP Richard Waldo Scott sold 7,325 shares of the business's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $74.12, for a total transaction of $542,929.00. Following the completion of the sale, the senior vice president now directly owns 51,965 shares of the company's stock, valued at $3,851,645.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Jonathan M. Tisch sold 4,287 shares of the 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 completion of the sale, the insider now directly owns 106,870 shares of the company's stock, valued at approximately $7,685,021.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $542,929.00. Following the transaction, the senior vice president now directly owns 51,965 shares in the company, valued at $3,851,645.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,563 shares of company stock valued at $10,052,551. 18.70% of the stock is owned by company insiders.

Loews Stock Down 0.2 %

NYSE L traded down $0.13 on Friday, hitting $76.40. 588,721 shares of the company were exchanged, compared to its average volume of 677,608. Loews Co. has a 12 month low of $55.94 and a 12 month high of $78.55. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.48. The company has a market cap of $16.98 billion, a PE ratio of 12.13 and a beta of 0.82. The stock has a fifty day moving average of $75.89 and a 200-day moving average of $71.68.

Loews (NYSE:L - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The insurance provider reported $1.99 earnings per share (EPS) 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 for the quarter.

Loews Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Wednesday, February 21st were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Tuesday, February 20th. 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.