Boston Partners Boosts Position in Loews Co. (NYSE:L)

Boston Partners lifted its position in shares of Loews Co. (NYSE:L) by 16.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,499,417 shares of the insurance provider’s stock after acquiring an additional 217,115 shares during the period. Boston Partners’ holdings in Loews were worth $126,983,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its position in shares of Loews by 10.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,237 shares of the insurance provider’s stock valued at $105,000 after purchasing an additional 119 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Loews by 5.2% during the fourth quarter. Wedmont Private Capital now owns 3,065 shares of the insurance provider’s stock valued at $249,000 after purchasing an additional 151 shares in the last quarter. Summit Trail Advisors LLC boosted its position in shares of Loews by 2.6% during the third quarter. Summit Trail Advisors LLC now owns 6,038 shares of the insurance provider’s stock valued at $477,000 after purchasing an additional 153 shares in the last quarter. Mather Group LLC. boosted its holdings in Loews by 7.7% in the fourth quarter. Mather Group LLC. now owns 2,248 shares of the insurance provider’s stock worth $190,000 after acquiring an additional 161 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in Loews by 5.9% in the fourth quarter. Perigon Wealth Management LLC now owns 3,306 shares of the insurance provider’s stock worth $285,000 after acquiring an additional 183 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

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 Trading Down 0.7 %

Loews stock opened at $86.83 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $84.93 and its two-hundred day simple moving average is $82.95. Loews Co. has a 12 month low of $72.91 and a 12 month high of $88.29. The company has a market capitalization of $18.48 billion, a price-to-earnings ratio of 13.57 and a beta of 0.80.

Loews (NYSE:L) last released its earnings results 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Wednesday, February 26th. Loews’s payout ratio is currently 3.91%.

Insider Activity

In other news, Director Andrew H. Tisch sold 7,533 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $84.35, for a total transaction of $635,408.55. Following the transaction, the director now directly owns 1,568,191 shares of the company’s stock, valued at $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were 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 a total of 158,860 shares of company stock valued at $13,486,463 over the last ninety days. 18.70% of the stock is currently owned by corporate insiders.

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.