Schroder Investment Management Group Decreases Stock Position in Loews Co. (NYSE:L)

Schroder Investment Management Group lessened its stake in Loews Co. (NYSE:L) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,864 shares of the insurance provider’s stock after selling 623 shares during the quarter. Schroder Investment Management Group’s holdings in Loews were worth $1,170,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC purchased a new stake in Loews during the 4th quarter worth about $26,000. Human Investing LLC acquired a new stake in shares of Loews during the 4th quarter worth about $51,000. Wilmington Savings Fund Society FSB purchased a new stake in Loews during the third quarter worth approximately $49,000. Graney & King LLC acquired a new position in Loews in the fourth quarter valued at approximately $56,000. Finally, Intact Investment Management Inc. purchased a new position in Loews in the fourth quarter valued at approximately $68,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Loews

In other Loews news, Director Jonathan M. Tisch sold 47,636 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $84.88, for a total value of $4,043,343.68. Following the completion of the transaction, the director now owns 6,705,529 shares in the company, valued at approximately $569,165,301.52. This represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,327 shares of company stock worth $12,851,055. Company insiders own 18.70% of the company’s stock.

Loews Trading Down 2.6 %

NYSE L opened at $80.98 on Tuesday. Loews Co. has a one year low of $72.91 and a one year high of $92.42. The firm has a market cap of $17.03 billion, a PE ratio of 12.65 and a beta of 0.60. The firm’s fifty day moving average is $86.16 and its two-hundred day moving average is $83.85. 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 posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 EPS for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were given 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 yield of 0.31%. Loews’s payout ratio is currently 3.91%.

Analyst Ratings Changes

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

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.