Loews Co. (NYSE:L) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of Loews Co. (NYSE:L - Free Report) by 37.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,847 shares of the insurance provider's stock after purchasing an additional 23,798 shares during the period. Quantinno Capital Management LP's holdings in Loews were worth $7,355,000 at the end of the most recent quarter.

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

Insider Activity at Loews

In other news, SVP Richard Waldo Scott sold 9,019 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $87.92, for a total transaction of $792,950.48. Following the completion of the transaction, the senior vice president now directly owns 33,901 shares of the company's stock, valued at $2,980,575.92. This represents a 21.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jonathan M. Tisch sold 47,636 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the completion of the sale, the director now directly owns 6,705,529 shares of the company's stock, valued at approximately $569,165,301.52. The trade was a 0.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 156,655 shares of company stock worth $13,323,294 over the last three months. Company insiders own 19.00% of the company's stock.

Analysts Set New Price Targets

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

Loews Stock Performance

L stock traded down $0.59 during midday trading on Tuesday, reaching $88.83. The stock had a trading volume of 583,598 shares, compared to its average volume of 727,949. The firm has a fifty day simple moving average of $87.07 and a two-hundred day simple moving average of $85.36. Loews Co. has a 52-week low of $73.15 and a 52-week high of $92.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $18.63 billion, a PE ratio of 13.88 and a beta of 0.70.

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

Loews Dividend Announcement

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

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.