AGF Management Ltd. Makes New $2.84 Million Investment in Loews Co. (NYSE:L)

AGF Management Ltd. purchased a new stake in Loews Co. (NYSE:L - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,787 shares of the insurance provider's stock, valued at approximately $2,838,000.

Several other institutional investors also recently bought and sold shares of L. BNP Paribas Financial Markets lifted its position in shares of Loews by 95.9% during the 4th quarter. BNP Paribas Financial Markets now owns 185,570 shares of the insurance provider's stock valued at $12,914,000 after acquiring an additional 90,833 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Loews by 1.8% during the 4th quarter. Teacher Retirement System of Texas now owns 192,772 shares of the insurance provider's stock valued at $13,415,000 after buying an additional 3,397 shares during the period. Northwest Financial Advisors acquired a new position in shares of Loews during the fourth quarter worth $28,000. Mount Lucas Management LP purchased a new position in Loews in the 4th quarter valued at about $4,995,000. Finally, Principal Securities Inc. purchased a new stake in Loews during the 4th quarter worth approximately $38,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Loews

In related news, insider Jonathan M. Tisch sold 50,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $77.39, for a total value of $3,869,500.00. Following the completion of the transaction, the insider now owns 607,799 shares in the company, valued at approximately $47,037,564.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jonathan M. Tisch sold 50,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $77.39, for a total value of $3,869,500.00. Following the completion of the sale, the insider now owns 607,799 shares in the company, valued at $47,037,564.61. The transaction 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 Loews stock in a transaction on Friday, March 1st. The shares were 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 in the company, valued at approximately $1,590,424. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,276 shares of company stock valued at $4,483,773. Corporate insiders own 18.70% of the company's stock.

Loews Stock Performance

Shares of NYSE L traded down $0.72 during mid-day trading on Wednesday, hitting $76.62. The company had a trading volume of 621,110 shares, compared to its average volume of 745,180. Loews Co. has a 12 month low of $55.94 and a 12 month high of $78.55. The stock has a market cap of $16.96 billion, a price-to-earnings ratio of 11.42 and a beta of 0.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The firm's 50 day simple moving average is $76.29 and its two-hundred day simple moving average is $72.48.

Loews (NYSE:L - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The insurance provider reported $2.05 earnings per share for the quarter. The business had revenue of $4.23 billion during the quarter. Loews had a net margin of 9.27% and a return on equity of 9.45%.

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th will be given a $0.0625 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $0.25 annualized dividend and a yield of 0.33%. Loews's dividend payout ratio (DPR) is 3.71%.

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.