Winslow Asset Management Inc. Decreases Stock Position in Loews Co. (NYSE:L)

Winslow Asset Management Inc. cut its stake in shares of Loews Co. (NYSE:LFree Report) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,585 shares of the insurance provider’s stock after selling 225 shares during the period. Winslow Asset Management Inc.’s holdings in Loews were worth $2,685,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Loews during the 4th quarter valued at $511,159,000. Northern Trust Corp increased its stake in shares of Loews by 11.9% in the 4th quarter. Northern Trust Corp now owns 2,503,105 shares of the insurance provider’s stock worth $174,191,000 after purchasing an additional 266,729 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Loews by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,587,817 shares of the insurance provider’s stock worth $110,496,000 after purchasing an additional 21,323 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Loews by 2.6% in the 3rd quarter. Royal Bank of Canada now owns 935,189 shares of the insurance provider’s stock worth $59,207,000 after purchasing an additional 23,756 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Loews by 9.0% in the 4th quarter. Hsbc Holdings PLC now owns 570,748 shares of the insurance provider’s stock worth $39,698,000 after purchasing an additional 46,990 shares in the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Loews Price Performance

Loews stock traded down $0.29 during mid-day trading on Friday, hitting $73.88. The stock had a trading volume of 164,717 shares, compared to its average volume of 753,175. The firm has a market capitalization of $16.36 billion, a P/E ratio of 11.00 and a beta of 0.85. 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 firm’s 50 day moving average is $75.68 and its 200 day moving average is $73.79. Loews Co. has a one year low of $57.47 and a one year high of $78.55.

Loews (NYSE:LGet Free Report) last issued its earnings results on Monday, May 6th. The insurance provider reported $2.05 earnings per share for the quarter. Loews had a net margin of 9.27% and a return on equity of 9.45%. The company had revenue of $4.23 billion during the quarter.

Loews Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Wednesday, May 29th. Loews’s dividend payout ratio (DPR) is presently 3.71%.

Insider Activity at Loews

In related news, insider Jonathan M. Tisch sold 50,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $77.39, for a total value of $3,869,500.00. Following the completion of the transaction, the insider now owns 607,799 shares of the company’s stock, valued at approximately $47,037,564.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 150,000 shares of company stock valued at $11,588,500. Insiders own 18.70% of the company’s stock.

Loews Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Loews (NYSE:L)

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