Tower Research Capital LLC TRC Acquires 7,382 Shares of Loews Co. (NYSE:L)

Tower Research Capital LLC TRC grew its holdings in shares of Loews Co. (NYSE:L - Free Report) by 116.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,701 shares of the insurance provider's stock after acquiring an additional 7,382 shares during the period. Tower Research Capital LLC TRC's holdings in Loews were worth $1,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in L. Norges Bank bought a new stake in Loews during the 4th quarter valued at $623,493,000. Assenagon Asset Management S.A. raised its holdings in shares of Loews by 345.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider's stock worth $25,114,000 after acquiring an additional 229,965 shares during the last quarter. Boston Partners raised its holdings in shares of Loews by 16.9% in the 4th quarter. Boston Partners now owns 1,499,417 shares of the insurance provider's stock worth $126,983,000 after acquiring an additional 217,115 shares during the last quarter. Geode Capital Management LLC lifted its position in Loews by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 4,476,087 shares of the insurance provider's stock valued at $378,087,000 after acquiring an additional 210,594 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Loews by 51.2% during the 4th quarter. First Trust Advisors LP now owns 531,038 shares of the insurance provider's stock valued at $44,974,000 after purchasing an additional 179,772 shares during the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Loews Stock Down 0.7 %

Shares of NYSE L traded down $0.58 during 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 firm has a fifty day moving average of $86.24 and a two-hundred day moving average of $84.61. The company has a market capitalization of $18.10 billion, a PE ratio of 13.45 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 Co. has a 12 month low of $73.15 and a 12 month high of $92.42.

Loews (NYSE:L - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) 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 disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders 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 annualized dividend and a yield of 0.29%. Loews's dividend payout ratio is currently 3.91%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Loews from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th.

Insider Buying and Selling at Loews

In other news, Director Jonathan M. Tisch sold 3,691 shares of the firm'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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan M. Tisch sold 50,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $85.08, for a total value of $4,254,000.00. Following the sale, the director now owns 7,105,529 shares in the company, valued at approximately $604,538,407.32. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,327 shares of company stock worth $12,851,055 in the last quarter. 18.70% of the stock is currently owned by company insiders.

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.