Loews Co. (NYSE:L) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its position in shares of Loews Co. (NYSE:L - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 231,832 shares of the insurance provider's stock after selling 11,627 shares during the quarter. Voya Investment Management LLC owned 0.11% of Loews worth $19,634,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in Loews by 10.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider's stock worth $105,000 after purchasing an additional 119 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of Loews by 5.2% during the 4th quarter. Wedmont Private Capital now owns 3,065 shares of the insurance provider's stock worth $249,000 after acquiring an additional 151 shares in the last quarter. Mather Group LLC. increased its position in Loews by 7.7% in the fourth quarter. Mather Group LLC. now owns 2,248 shares of the insurance provider's stock worth $190,000 after purchasing an additional 161 shares during the last quarter. Perigon Wealth Management LLC raised its stake in Loews by 5.9% during the fourth quarter. Perigon Wealth Management LLC now owns 3,306 shares of the insurance provider's stock valued at $285,000 after purchasing an additional 183 shares in the last quarter. Finally, Aaron Wealth Advisors LLC grew its stake in shares of Loews by 5.8% in the 4th quarter. Aaron Wealth Advisors LLC now owns 3,568 shares of the insurance provider's stock worth $302,000 after buying an additional 196 shares in the last quarter. Institutional investors own 58.33% of the company's stock.

Loews Stock Up 1.7 %

L stock traded up $1.51 on Friday, hitting $87.82. 140,523 shares of the company's stock were exchanged, compared to its average volume of 728,719. 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 $18.47 billion, a P/E ratio of 13.71 and a beta of 0.60. The firm has a 50 day moving average price of $86.36 and a two-hundred day moving average price of $84.66. 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 announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 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 declared 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 was Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.28%. Loews's dividend payout ratio is currently 3.91%.

Insider Buying and Selling at Loews

In other Loews news, Director Jonathan M. Tisch sold 3,691 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction that occurred 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 completion of the sale, the director now directly owns 6,755,529 shares in the company, valued at $571,923,085.14. This represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,327 shares of company stock valued at $12,851,055. Company insiders own 19.00% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Loews from a "buy" rating to a "hold" rating in a research 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.