Natixis Advisors LLC Sells 6,506 Shares of Loews Co. (NYSE:L)

Natixis Advisors LLC trimmed its stake in shares of Loews Co. (NYSE:L) by 9.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 62,114 shares of the insurance provider’s stock after selling 6,506 shares during the quarter. Natixis Advisors LLC’s holdings in Loews were worth $5,260,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Frank Rimerman Advisors LLC bought a new stake in shares of Loews during the 4th quarter worth $242,000. Intact Investment Management Inc. bought a new stake in shares of Loews during the 4th quarter worth $68,000. Achmea Investment Management B.V. lifted its position in shares of Loews by 17.4% during the 4th quarter. Achmea Investment Management B.V. now owns 6,297 shares of the insurance provider’s stock worth $533,000 after buying an additional 932 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Loews by 28.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,432 shares of the insurance provider’s stock worth $375,000 after buying an additional 969 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Loews by 15.6% during the 4th quarter. HighTower Advisors LLC now owns 75,423 shares of the insurance provider’s stock worth $6,388,000 after buying an additional 10,204 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Jonathan M. Tisch sold 3,691 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew H. Tisch sold 7,533 shares of Loews stock in a transaction that occurred 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 sale, the director now owns 1,568,191 shares of the company’s stock, valued at approximately $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. Over the last quarter, insiders sold 158,860 shares of company stock valued at $13,486,463. Company insiders own 18.70% of the company’s stock.

Loews Price Performance

Shares of L opened at $87.22 on Friday. Loews Co. has a 12-month low of $72.91 and a 12-month high of $88.66. The business has a 50-day simple moving average of $85.23 and a two-hundred day simple moving average of $83.05. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock has a market cap of $18.57 billion, a PE ratio of 13.63 and a beta of 0.80.

Loews (NYSE:L) last issued its earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Announces Dividend

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

Loews Company 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.