Loews Co. (NYSE:L) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its position in Loews Co. (NYSE:L) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,300 shares of the insurance provider’s stock after selling 7,720 shares during the quarter. Corient Private Wealth LLC’s holdings in Loews were worth $4,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in L. Assenagon Asset Management S.A. lifted its stake in Loews by 345.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider’s stock valued at $25,114,000 after buying an additional 229,965 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Loews by 92.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider’s stock valued at $37,745,000 after buying an additional 229,956 shares during the last quarter. Amundi lifted its stake in Loews by 9.7% in the fourth quarter. Amundi now owns 1,012,829 shares of the insurance provider’s stock valued at $84,602,000 after buying an additional 89,902 shares during the last quarter. Barclays PLC lifted its stake in Loews by 13.1% in the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock valued at $59,473,000 after buying an additional 87,259 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Loews by 1.0% during the third quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock worth $638,506,000 after purchasing an additional 82,581 shares during the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Loews Price Performance

Loews stock opened at $87.22 on Friday. Loews Co. has a 12 month low of $72.91 and a 12 month high of $88.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The business has a 50 day simple moving average of $85.23 and a 200-day simple moving average of $83.05. The stock has a market capitalization of $18.57 billion, a PE ratio of 13.63 and a beta of 0.80.

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

Loews Dividend Announcement

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. This represents a $0.25 annualized dividend and a yield of 0.29%. The ex-dividend date was Wednesday, February 26th. Loews’s payout ratio is 3.91%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Loews news, Director Andrew H. Tisch sold 7,533 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total value of $635,408.55. Following the sale, the director now owns 1,568,191 shares of the company’s stock, valued at approximately $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were 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. Over the last quarter, insiders sold 158,860 shares of company stock worth $13,486,463. 18.70% of the stock is owned by corporate insiders.

Loews Company 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.