Price T Rowe Associates Inc. MD Sells 203,365 Shares of Loews Co. (NYSE:L)

Price T Rowe Associates Inc. MD decreased its stake in shares of Loews Co. (NYSE:L - Free Report) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,631,577 shares of the insurance provider's stock after selling 203,365 shares during the period. Price T Rowe Associates Inc. MD owned approximately 2.13% of Loews worth $392,249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Loews in the fourth quarter valued at approximately $26,000. Human Investing LLC bought a new position in Loews in the fourth quarter valued at $51,000. Wilmington Savings Fund Society FSB acquired a new stake in Loews in the 3rd quarter valued at $49,000. Graney & King LLC bought a new stake in Loews during the 4th quarter worth about $56,000. Finally, Intact Investment Management Inc. acquired a new position in shares of Loews during the 4th quarter worth about $68,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Loews

In other Loews news, Director Jonathan M. Tisch sold 3,691 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jonathan M. Tisch sold 50,000 shares of Loews 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 sale, the director now directly owns 6,755,529 shares of the company's stock, valued at $571,923,085.14. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 151,327 shares of company stock worth $12,851,055. 18.70% of the stock is owned by company insiders.

Loews Stock Down 0.7 %

Shares of NYSE:L traded down $0.58 during midday trading on Wednesday, hitting $86.07. The stock had a trading volume of 325,774 shares, compared to its average volume of 729,839. The company has a market cap of $18.10 billion, a P/E ratio of 13.45 and a beta of 0.60. Loews Co. has a 12 month low of $73.15 and a 12 month high of $92.42. The business's 50-day simple moving average is $86.24 and its 200-day simple moving average is $84.61. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50.

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

Loews Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were given a $0.0625 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. Loews's payout ratio is 3.91%.

Wall Street Analysts Forecast Growth

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

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.