Loews Co. (NYSE:L) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in Loews Co. (NYSE:L) by 59.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 233,174 shares of the insurance provider’s stock after selling 346,933 shares during the quarter. Assenagon Asset Management S.A. owned about 0.10% of Loews worth $16,227,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of Loews in the 3rd quarter worth approximately $29,000. Operose Advisors LLC acquired a new position in shares of Loews during the 3rd quarter valued at $30,000. Eagle Bay Advisors LLC acquired a new position in shares of Loews during the 2nd quarter valued at $36,000. Rockefeller Capital Management L.P. increased its position in shares of Loews by 40.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 705 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 202 shares during the period. Finally, Altshuler Shaham Ltd acquired a new position in shares of Loews in the 4th quarter worth $48,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Insider Transactions at Loews

In related news, insider Jonathan M. Tisch sold 4,287 shares of Loews stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $71.91, for a total transaction of $308,278.17. Following the completion of the sale, the insider now owns 106,870 shares of the company’s stock, valued at $7,685,021.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Jonathan M. Tisch sold 4,287 shares of Loews stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $71.91, for a total transaction of $308,278.17. Following the completion of the sale, the insider now owns 106,870 shares of the company’s stock, valued at $7,685,021.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrew H. Tisch sold 125,000 shares of Loews stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $73.04, for a total value of $9,130,000.00. Following the sale, the director now directly owns 945,886 shares of the company’s stock, valued at approximately $69,087,513.44. The disclosure for this sale can be found here. Insiders sold a total of 137,563 shares of company stock valued at $10,052,551 over the last quarter. Company insiders own 18.30% of the company’s stock.

Loews Stock Performance

Shares of NYSE L opened at $78.10 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 12.40 and a beta of 0.82. The stock’s fifty day simple moving average is $74.38 and its 200 day simple moving average is $69.41. Loews Co. has a 52-week low of $55.29 and a 52-week high of $78.10.

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

Loews Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Wednesday, February 21st were given a $0.0625 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $0.25 annualized dividend and a dividend yield of 0.32%. Loews’s dividend payout ratio (DPR) is presently 3.97%.

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.