Loews Co. (NYSE:L) Shares Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. grew its holdings in Loews Co. (NYSE:L) by 16.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,360 shares of the insurance provider’s stock after buying an additional 740 shares during the period. iA Global Asset Management Inc.’s holdings in Loews were worth $454,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in L. Empowered Funds LLC boosted its holdings in Loews by 7.2% in the third quarter. Empowered Funds LLC now owns 2,990 shares of the insurance provider’s stock worth $236,000 after acquiring an additional 200 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Loews by 5.6% in the third quarter. Natixis Advisors LLC now owns 68,620 shares of the insurance provider’s stock worth $5,424,000 after purchasing an additional 3,612 shares during the last quarter. Quest Partners LLC purchased a new position in Loews during the third quarter valued at approximately $129,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Loews during the third quarter valued at approximately $399,000. Finally, PNC Financial Services Group Inc. raised its position in Loews by 47.8% during the third quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider’s stock valued at $2,950,000 after acquiring an additional 12,070 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Stock Down 1.1 %

Shares of L stock opened at $87.22 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a twelve month low of $72.91 and a twelve month high of $88.66. The stock has a 50 day moving average of $85.23 and a 200 day moving average of $83.06. The stock has a market cap of $18.57 billion, a P/E ratio of 13.63 and a beta of 0.80.

Loews (NYSE:L) last issued its quarterly earnings data 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 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 issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Wednesday, February 26th. Loews’s payout ratio is currently 3.91%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Loews

In other news, Director Andrew H. Tisch sold 7,533 shares of Loews stock in a transaction that occurred 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 directly owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. The trade was a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan M. Tisch sold 3,691 shares of Loews stock in a transaction that occurred on Thursday, February 6th. The stock was 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 three months, insiders have sold 158,860 shares of company stock valued at $13,486,463. Company insiders own 18.70% of the company’s stock.

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.