Loews Co. (NYSE:L) Shares Sold by Barclays PLC

Barclays PLC decreased its holdings in shares of Loews Co. (NYSE:L) by 24.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 572,170 shares of the insurance provider’s stock after selling 180,210 shares during the quarter. Barclays PLC’s holdings in Loews were worth $48,456,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MML Investors Services LLC increased its position in Loews by 7.0% during the third quarter. MML Investors Services LLC now owns 10,717 shares of the insurance provider’s stock worth $847,000 after purchasing an additional 701 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Loews during the 3rd quarter worth $49,000. Synovus Financial Corp purchased a new position in shares of Loews in the 3rd quarter worth $205,000. Principal Financial Group Inc. boosted its holdings in Loews by 3.0% in the third quarter. Principal Financial Group Inc. now owns 248,665 shares of the insurance provider’s stock valued at $19,657,000 after acquiring an additional 7,149 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Loews by 23.5% during the fourth quarter. GAMMA Investing LLC now owns 6,580 shares of the insurance provider’s stock valued at $557,000 after acquiring an additional 1,253 shares during the period. Hedge funds and other institutional investors own 58.33% of the company’s stock.

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 Price Performance

L opened at $85.27 on Friday. The company has a 50 day moving average of $85.90 and a two-hundred day moving average of $84.16. Loews Co. has a 52-week low of $73.15 and a 52-week high of $92.42. 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 company has a market cap of $17.94 billion, a P/E ratio of 13.32 and a beta of 0.60.

Loews (NYSE:L) last announced its quarterly 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 announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were issued a dividend of $0.0625 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. Loews’s payout ratio is currently 3.91%.

Insider Buying and Selling

In other news, Director Jonathan M. Tisch sold 47,636 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the completion of the sale, the director now directly owns 6,705,529 shares in the company, valued at $569,165,301.52. This trade represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the business’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. In the last ninety days, insiders have sold 151,327 shares of company stock valued at $12,851,055. Corporate insiders own 18.70% of the company’s stock.

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.