Loews Co. (NYSE:L) Position Increased by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its position in Loews Co. (NYSE:L) by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 64,310 shares of the insurance provider’s stock after purchasing an additional 2,664 shares during the period. Vinva Investment Management Ltd’s holdings in Loews were worth $5,427,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC acquired a new position in Loews in the 4th quarter worth approximately $26,000. Brooklyn Investment Group acquired a new position in Loews in the 3rd quarter worth approximately $40,000. Human Investing LLC acquired a new position in Loews in the 4th quarter worth approximately $51,000. Wilmington Savings Fund Society FSB acquired a new position in Loews in the 3rd quarter worth approximately $49,000. Finally, Intact Investment Management Inc. purchased a new stake in Loews in the 4th quarter worth approximately $68,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Jonathan M. Tisch sold 47,636 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the transaction, the director now owns 6,705,529 shares in the company, valued at approximately $569,165,301.52. This trade represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew H. Tisch sold 7,533 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total transaction of $635,408.55. Following the transaction, the director now owns 1,568,191 shares in the company, valued at $132,276,910.85. This represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,860 shares of company stock worth $13,486,463. 18.70% of the stock is owned by corporate insiders.

Loews Stock Up 1.0 %

L stock opened at $87.81 on Thursday. Loews Co. has a 12-month low of $72.91 and a 12-month high of $88.29. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The company has a market cap of $18.69 billion, a price-to-earnings ratio of 13.72 and a beta of 0.80. The company has a 50 day moving average of $85.01 and a two-hundred day moving average of $82.98.

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

Loews Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were issued 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 dividend yield of 0.28%. Loews’s dividend payout ratio is currently 3.91%.

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.