Loews Co. (NYSE:L) Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. lessened its position in Loews Co. (NYSE:L) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 133,772 shares of the insurance provider’s stock after selling 7,723 shares during the period. Levin Capital Strategies L.P.’s holdings in Loews were worth $9,309,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Los Angeles Capital Management LLC increased its holdings in Loews by 20.0% during the 4th quarter. Los Angeles Capital Management LLC now owns 228,070 shares of the insurance provider’s stock valued at $15,871,000 after acquiring an additional 38,078 shares in the last quarter. Natixis Advisors L.P. increased its holdings in Loews by 7.1% during the 4th quarter. Natixis Advisors L.P. now owns 66,665 shares of the insurance provider’s stock valued at $4,639,000 after acquiring an additional 4,444 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in Loews by 18.1% during the 4th quarter. First Trust Direct Indexing L.P. now owns 4,361 shares of the insurance provider’s stock valued at $303,000 after acquiring an additional 668 shares in the last quarter. Savant Capital LLC increased its holdings in Loews by 6.1% during the 4th quarter. Savant Capital LLC now owns 7,087 shares of the insurance provider’s stock valued at $493,000 after acquiring an additional 405 shares in the last quarter. Finally, Chase Investment Counsel Corp increased its holdings in Loews by 0.5% during the 4th quarter. Chase Investment Counsel Corp now owns 36,553 shares of the insurance provider’s stock valued at $2,543,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Loews Trading Up 0.6 %

Shares of NYSE L traded up $0.47 during midday trading on Thursday, reaching $76.75. 230,511 shares of the stock were exchanged, compared to its average volume of 747,375. The company has a market capitalization of $17.05 billion, a P/E ratio of 12.16 and a beta of 0.82. Loews Co. has a 52-week low of $55.94 and a 52-week high of $78.55. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average price of $75.83 and a 200-day moving average price of $71.57.

Loews (NYSE:L) last issued its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.99 EPS for the quarter. Loews had a net margin of 9.02% and a return on equity of 9.18%. The business had revenue of $4.26 billion during the quarter.

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.25 dividend on an annualized basis and a yield of 0.33%. Loews’s dividend payout ratio (DPR) is 3.97%.

Insider Transactions at Loews

In other news, Director Paul J. Fribourg sold 951 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $75.02, for a total transaction of $71,344.02. Following the transaction, the director now directly owns 21,200 shares of the company’s stock, valued at $1,590,424. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Richard Waldo Scott sold 7,325 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $74.12, for a total transaction of $542,929.00. Following the completion of the transaction, the senior vice president now owns 51,965 shares of the company’s stock, valued at $3,851,645.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Paul J. Fribourg sold 951 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $75.02, for a total transaction of $71,344.02. Following the completion of the sale, the director now directly owns 21,200 shares of the company’s stock, valued at approximately $1,590,424. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,563 shares of company stock valued at $10,052,551. Corporate insiders own 18.70% of the company’s stock.

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.