AlphaCentric Advisors LLC Sells 196 Shares of Loews Co. (NYSE:L)

AlphaCentric Advisors LLC reduced its holdings in shares of Loews Co. (NYSE:L) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,757 shares of the insurance provider’s stock after selling 196 shares during the quarter. AlphaCentric Advisors LLC’s holdings in Loews were worth $403,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Miracle Mile Advisors LLC bought a new position in Loews in the 4th quarter valued at about $315,000. Charles Schwab Investment Management Inc. boosted its stake in Loews by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider’s stock valued at $127,409,000 after purchasing an additional 8,615 shares during the period. Intech Investment Management LLC grew its holdings in Loews by 8.0% in the 3rd quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider’s stock valued at $10,875,000 after buying an additional 10,213 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Loews by 47.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider’s stock worth $2,950,000 after buying an additional 12,070 shares during the period. Finally, Swedbank AB lifted its holdings in shares of Loews by 8.8% during the third quarter. Swedbank AB now owns 379,647 shares of the insurance provider’s stock worth $30,011,000 after buying an additional 30,600 shares in the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Loews

In other news, Director Jonathan M. Tisch sold 3,691 shares of Loews stock in a transaction 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total value of $635,408.55. Following the completion of the sale, the director now owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,370 shares of company stock valued at $1,055,627 over the last ninety days. 18.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Loews Stock Performance

NYSE:L opened at $82.95 on Monday. The company has a market cap of $18.07 billion, a price-to-earnings ratio of 11.02 and a beta of 0.83. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $88.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a fifty day moving average price of $84.50 and a 200-day moving average price of $81.99.

Loews (NYSE:L) last posted its quarterly 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 9.71% and a return on equity of 9.70%.

Loews Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be given a dividend of $0.0625 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.30%. Loews’s dividend payout ratio is currently 3.32%.

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.