Vinva Investment Management Ltd Purchases 2,664 Shares of Loews Co. (NYSE:L)

Vinva Investment Management Ltd increased its position in Loews Co. (NYSE:L) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 64,310 shares of the insurance provider’s stock after buying an additional 2,664 shares during the period. Vinva Investment Management Ltd’s holdings in Loews were worth $5,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of L. Halbert Hargrove Global Advisors LLC acquired a new stake in Loews in the 4th quarter worth $26,000. Brooklyn Investment Group acquired a new stake in Loews in the 3rd quarter worth $40,000. Wilmington Savings Fund Society FSB acquired a new stake in Loews in the 3rd quarter worth $49,000. Human Investing LLC acquired a new stake in shares of Loews during the 4th quarter valued at about $51,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Loews during the 4th quarter valued at about $68,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Loews Price Performance

Shares of Loews stock opened at $87.81 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. The firm’s 50-day simple moving average is $85.01 and its 200-day simple moving average is $82.98. Loews Co. has a twelve month low of $72.91 and a twelve month high of $88.29. The firm has a market cap of $18.69 billion, a P/E ratio of 13.72 and a beta of 0.80.

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 net margin of 8.08% and a return on equity of 8.04%.

Loews Dividend Announcement

The company also recently declared 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. This represents a $0.25 annualized dividend and a yield of 0.28%. The ex-dividend date was Wednesday, February 26th. Loews’s dividend payout ratio is currently 3.91%.

Analysts Set New Price Targets

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

Insider Activity at Loews

In other Loews news, Director Jonathan M. Tisch sold 3,691 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew H. Tisch sold 7,533 shares of the business’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 transaction, the director now directly owns 1,568,191 shares of the company’s stock, valued at approximately $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,860 shares of company stock valued at $13,486,463 in the last ninety days. Insiders own 18.70% of the company’s stock.

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.