Blue Trust Inc. Has $98,000 Stock Position in Loews Co. (NYSE:L)

Blue Trust Inc. lowered its position in shares of Loews Co. (NYSE:L) by 50.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,162 shares of the insurance provider’s stock after selling 1,198 shares during the quarter. Blue Trust Inc.’s holdings in Loews were worth $98,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in shares of Loews during the third quarter worth $40,000. Eastern Bank acquired a new position in Loews in the third quarter valued at about $47,000. Wilmington Savings Fund Society FSB acquired a new position in Loews in the third quarter valued at about $49,000. Quest Partners LLC acquired a new position in Loews in the third quarter valued at about $129,000. Finally, Mather Group LLC. raised its stake in Loews by 7.7% in the fourth quarter. Mather Group LLC. now owns 2,248 shares of the insurance provider’s stock valued at $190,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Loews Stock Performance

Loews stock opened at $82.72 on Friday. 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 business’s 50-day moving average price is $84.37 and its two-hundred day moving average price is $82.12. The stock has a market cap of $17.61 billion, a PE ratio of 12.93 and a beta of 0.83.

Loews (NYSE:L) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share 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 declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Wednesday, February 26th. Loews’s dividend payout ratio (DPR) is currently 3.91%.

Analysts Set New Price Targets

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

Insider Transactions at Loews

In related news, Director Charles M. Diker sold 1,146 shares of Loews stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $86.83, for a total value of $99,507.18. Following the transaction, the director now directly owns 19,906 shares of the company’s stock, valued at $1,728,437.98. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of Loews stock in a transaction that occurred on 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 three months, insiders have sold 12,370 shares of company stock worth $1,055,627. Insiders own 18.70% of the company’s stock.

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.