Occudo Quantitative Strategies LP Buys New Shares in Loews Co. (NYSE:L)

Occudo Quantitative Strategies LP acquired a new position in shares of Loews Co. (NYSE:L - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,357 shares of the insurance provider's stock, valued at approximately $1,047,000.

A number of other institutional investors also recently added to or reduced their stakes in L. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Loews during the fourth quarter valued at $26,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Loews during the fourth quarter valued at $27,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Loews by 387.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 434 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 345 shares during the last quarter. Human Investing LLC acquired a new stake in Loews during the 4th quarter worth about $51,000. Finally, Graney & King LLC acquired a new stake in shares of Loews during the fourth quarter worth approximately $56,000. Institutional investors and hedge funds own 58.33% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Loews from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.

Insider Activity

In other news, Director Jonathan M. Tisch sold 50,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total value of $4,254,000.00. Following the transaction, the director now directly owns 7,105,529 shares in the company, valued at $604,538,407.32. This trade represents a 0.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Richard Waldo Scott sold 9,019 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $87.92, for a total value of $792,950.48. Following the sale, the senior vice president now directly owns 33,901 shares of the company's stock, valued at approximately $2,980,575.92. The trade was a 21.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 156,655 shares of company stock worth $13,323,294. Corporate insiders own 19.00% of the company's stock.

Loews Stock Up 0.1%

NYSE:L traded up $0.06 during mid-day trading on Monday, reaching $89.45. The stock had a trading volume of 78,517 shares, compared to its average volume of 727,162. Loews Co. has a fifty-two week low of $73.15 and a fifty-two week high of $92.42. 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 business's 50 day moving average is $86.96 and its 200 day moving average is $85.29. The stock has a market cap of $18.76 billion, a P/E ratio of 13.98 and a beta of 0.70.

Loews (NYSE:L - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.74 earnings per share (EPS) for the quarter. The business had revenue of $4.49 billion for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.0625 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.25 dividend on an annualized basis and a yield of 0.28%. Loews's dividend payout ratio is currently 4.11%.

Loews Company 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.