V Square Quantitative Management LLC Has $274,000 Stock Holdings in Loews Co. (NYSE:L)

V Square Quantitative Management LLC lessened its stake in shares of Loews Co. (NYSE:L) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,232 shares of the insurance provider’s stock after selling 639 shares during the period. V Square Quantitative Management LLC’s holdings in Loews were worth $274,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. grew its holdings in Loews by 1.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 74,791 shares of the insurance provider’s stock valued at $6,333,000 after purchasing an additional 864 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Loews by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,191,888 shares of the insurance provider’s stock valued at $268,640,000 after purchasing an additional 8,750 shares during the last quarter. Leavell Investment Management Inc. acquired a new position in Loews during the fourth quarter valued at approximately $206,000. Savant Capital LLC grew its holdings in Loews by 3.8% during the fourth quarter. Savant Capital LLC now owns 19,272 shares of the insurance provider’s stock valued at $1,632,000 after purchasing an additional 699 shares during the last quarter. Finally, Tevis Investment Management grew its stake in shares of Loews by 0.7% in the fourth quarter. Tevis Investment Management now owns 33,345 shares of the insurance provider’s stock worth $2,824,000 after acquiring an additional 220 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Andrew H. Tisch sold 7,533 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total value of $635,408.55. Following the completion of the transaction, the director now directly owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. This trade represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles M. Diker sold 1,146 shares of Loews stock in a transaction on Monday, December 2nd. The shares were 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 approximately $1,728,437.98. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,370 shares of company stock valued at $1,055,627 over the last ninety days. 18.70% of the stock is owned by company insiders.

Loews Trading Down 1.4 %

Shares of Loews stock opened at $82.95 on Monday. The company’s fifty day simple moving average is $84.50 and its 200-day simple moving average is $81.99. The company has a market cap of $18.07 billion, a price-to-earnings ratio of 11.02 and a beta of 0.83. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. Loews Co. has a 1 year low of $72.91 and a 1 year high of $88.29.

Loews (NYSE:L) last issued its earnings results on Monday, February 10th. The insurance provider reported $0.86 EPS for the quarter. Loews had a return on equity of 9.70% and a net margin of 9.71%.

Loews Announces Dividend

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

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.