Loews Co. (NYSE:L) Shares Sold by Hosking Partners LLP

Hosking Partners LLP lessened its holdings in Loews Co. (NYSE:L) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,003 shares of the insurance provider’s stock after selling 274 shares during the period. Hosking Partners LLP’s holdings in Loews were worth $8,130,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. State Street Corp raised its stake in Loews by 1.0% during the 3rd quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock worth $638,506,000 after acquiring an additional 82,581 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Loews by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,265,493 shares of the insurance provider’s stock worth $336,005,000 after purchasing an additional 53,428 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Loews by 0.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,191,888 shares of the insurance provider’s stock valued at $268,640,000 after purchasing an additional 8,750 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Loews by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock valued at $127,409,000 after purchasing an additional 8,615 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Loews by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,287,833 shares of the insurance provider’s stock worth $109,067,000 after buying an additional 77,386 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Loews

In related news, Director Jonathan M. Tisch sold 3,691 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan M. Tisch sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the transaction, the director now directly owns 7,105,529 shares of the company’s stock, valued at $604,538,407.32. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,370 shares of company stock valued at $5,309,627 over the last quarter. Insiders own 18.70% of the company’s stock.

Analyst Ratings Changes

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

Loews Price Performance

Shares of NYSE:L opened at $85.84 on Friday. Loews Co. has a 12 month low of $72.91 and a 12 month high of $88.29. The firm has a market capitalization of $18.27 billion, a price-to-earnings ratio of 13.41 and a beta of 0.83. The business’s 50 day simple moving average is $84.53 and its 200-day simple moving average is $82.34. 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 (NYSE:L) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 earnings per share for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be given a $0.0625 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. Loews’s dividend payout ratio is currently 3.91%.

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.