Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,229 Shares of Loews Co. (NYSE:L)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in Loews Co. (NYSE:L) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,434 shares of the insurance provider’s stock after selling 1,229 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Loews were worth $3,255,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in L. Assenagon Asset Management S.A. boosted its stake in Loews by 345.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider’s stock worth $25,114,000 after purchasing an additional 229,965 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Loews by 92.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider’s stock worth $37,745,000 after buying an additional 229,956 shares during the last quarter. Boston Partners boosted its stake in shares of Loews by 16.9% during the 4th quarter. Boston Partners now owns 1,499,417 shares of the insurance provider’s stock worth $126,983,000 after buying an additional 217,115 shares during the last quarter. Amundi boosted its stake in shares of Loews by 9.7% during the 4th quarter. Amundi now owns 1,012,829 shares of the insurance provider’s stock worth $84,602,000 after buying an additional 89,902 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Loews by 13.1% during the 3rd quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock worth $59,473,000 after buying an additional 87,259 shares during the last quarter. Institutional investors own 58.33% of the company’s stock.

Insider Buying and Selling at Loews

In other 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 transaction of $320,710.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan M. Tisch sold 47,636 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the transaction, the director now directly owns 6,705,529 shares in the company, valued at $569,165,301.52. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,860 shares of company stock valued at $13,486,463 in the last three months. 18.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Loews Trading Down 1.1 %

Shares of NYSE:L opened at $87.22 on Monday. Loews Co. has a 52-week low of $72.91 and a 52-week high of $88.66. The company has a market capitalization of $18.57 billion, a P/E ratio of 13.63 and a beta of 0.80. The company has a 50-day simple moving average of $85.23 and a 200 day simple moving average of $83.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34.

Loews (NYSE:L) last issued 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.25 annualized dividend and a 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.