Kentucky Retirement Systems Insurance Trust Fund Has $917,000 Stock Holdings in Loews Co. (NYSE:L)

Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of Loews Co. (NYSE:L) by 100.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,831 shares of the insurance provider’s stock after purchasing an additional 5,437 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Loews were worth $917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its holdings in shares of Loews by 345.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider’s stock valued at $25,114,000 after buying an additional 229,965 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Loews by 92.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider’s stock valued at $37,745,000 after buying an additional 229,956 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Loews by 22.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 569,156 shares of the insurance provider’s stock valued at $44,992,000 after buying an additional 105,810 shares in the last quarter. Barclays PLC grew its holdings in shares of Loews by 13.1% during the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock valued at $59,473,000 after buying an additional 87,259 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Loews by 1.0% during the third quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock valued at $638,506,000 after buying an additional 82,581 shares in the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Loews

In other news, Director Andrew H. Tisch sold 7,533 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $84.35, for a total transaction of $635,408.55. Following the completion of the sale, the director now owns 1,568,191 shares in the company, valued at approximately $132,276,910.85. This represents a 0.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the company’s stock in a transaction dated 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. Insiders have sold 12,370 shares of company stock worth $1,055,627 over the last 90 days. 18.70% of the stock is currently owned by corporate insiders.

Loews Stock Performance

Shares of NYSE L opened at $83.42 on Wednesday. The business’s 50-day moving average price is $84.46 and its two-hundred day moving average price is $82.03. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34. Loews Co. has a one year low of $72.91 and a one year high of $88.29. The company has a market capitalization of $17.76 billion, a P/E ratio of 11.08 and a beta of 0.83.

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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be paid a $0.0625 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. Loews’s dividend payout ratio (DPR) is currently 3.91%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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.