800 Shares in Loews Co. (NYSE:L) Bought by Intact Investment Management Inc.

Intact Investment Management Inc. bought a new position in Loews Co. (NYSE:L) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 800 shares of the insurance provider’s stock, valued at approximately $68,000.

A number of other hedge funds have also modified their holdings of L. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Loews by 1.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 509,349 shares of the insurance provider’s stock worth $40,264,000 after acquiring an additional 5,655 shares during the last quarter. KBC Group NV grew its holdings in shares of Loews by 1.6% during the third quarter. KBC Group NV now owns 62,785 shares of the insurance provider’s stock valued at $4,963,000 after buying an additional 999 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Loews by 1.7% during the third quarter. CIBC Asset Management Inc now owns 64,856 shares of the insurance provider’s stock valued at $5,120,000 after buying an additional 1,105 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Loews by 7.2% during the third quarter. Empowered Funds LLC now owns 2,990 shares of the insurance provider’s stock valued at $236,000 after buying an additional 200 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Loews by 5.6% during the third quarter. Natixis Advisors LLC now owns 68,620 shares of the insurance provider’s stock valued at $5,424,000 after buying an additional 3,612 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Loews

In other Loews news, Director Jonathan M. Tisch sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total value of $4,254,000.00. Following the completion of the sale, the director now owns 7,105,529 shares of the company’s stock, valued at $604,538,407.32. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction dated 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 90 days, insiders sold 158,860 shares of company stock valued at $13,486,463. Insiders own 18.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Loews Price Performance

L opened at $86.56 on Friday. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of 13.53 and a beta of 0.80. Loews Co. has a 1 year low of $72.91 and a 1 year high of $88.29. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average price of $84.75 and a 200 day moving average price of $82.86.

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

Loews Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors 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 0.29%. Loews’s payout ratio is 3.91%.

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.