Ossiam Grows Stake in Loews Co. (NYSE:L)

Ossiam grew its stake in shares of Loews Co. (NYSE:L - Free Report) by 29,966.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,158 shares of the insurance provider's stock after purchasing an additional 26,071 shares during the quarter. Ossiam's holdings in Loews were worth $2,215,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in L. Barclays PLC lifted its stake in shares of Loews by 13.1% during the 3rd quarter. Barclays PLC now owns 752,380 shares of the insurance provider's stock worth $59,473,000 after buying an additional 87,259 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Loews in the 3rd quarter valued at $49,000. Synovus Financial Corp bought a new stake in shares of Loews during the 3rd quarter valued at approximately $205,000. Principal Financial Group Inc. increased its holdings in Loews by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 248,665 shares of the insurance provider's stock worth $19,657,000 after purchasing an additional 7,149 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Loews by 23.5% in the 4th quarter. GAMMA Investing LLC now owns 6,580 shares of the insurance provider's stock valued at $557,000 after acquiring an additional 1,253 shares during the period. 58.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Loews from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th.

Insiders Place Their Bets

In related news, Director Jonathan M. Tisch sold 50,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $84.66, for a total value of $4,233,000.00. Following the transaction, the director now owns 6,755,529 shares of the company's stock, valued at $571,923,085.14. This represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The disclosure for this sale can be found here. Insiders sold a total of 151,327 shares of company stock worth $12,851,055 in the last quarter. 18.70% of the stock is owned by company insiders.

Loews Stock Down 1.1 %

Shares of NYSE L traded down $0.94 during mid-day trading on Friday, reaching $85.30. 447,499 shares of the company's stock traded hands, compared to its average volume of 732,909. The business has a 50-day simple moving average of $86.11 and a 200 day simple moving average of $84.46. Loews Co. has a 1-year low of $73.15 and a 1-year high of $92.42. The stock has a market cap of $17.94 billion, a P/E ratio of 13.33 and a beta of 0.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34.

Loews (NYSE:L - Get Free Report) last announced its earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. Loews's dividend payout ratio is currently 3.91%.

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.