Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,229 Shares of Loews Co. (NYSE:L)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of Loews Co. (NYSE:L) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,434 shares of the insurance provider’s stock after selling 1,229 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Loews were worth $3,255,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in L. Assenagon Asset Management S.A. increased its stake in Loews by 345.4% in 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 acquiring an additional 229,965 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Loews by 92.9% in 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 acquiring an additional 229,956 shares during the last quarter. Boston Partners increased its stake in Loews by 16.9% in the fourth quarter. Boston Partners now owns 1,499,417 shares of the insurance provider’s stock valued at $126,983,000 after acquiring an additional 217,115 shares during the last quarter. Amundi increased its stake in Loews by 9.7% in the fourth quarter. Amundi now owns 1,012,829 shares of the insurance provider’s stock valued at $84,602,000 after acquiring an additional 89,902 shares during the last quarter. Finally, Barclays PLC increased its stake in Loews by 13.1% in the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock valued at $59,473,000 after acquiring an additional 87,259 shares during the last quarter. 58.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Loews

In other news, Director Andrew H. Tisch sold 7,533 shares of Loews stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total transaction of $635,408.55. Following the transaction, the director now owns 1,568,191 shares in the company, valued at approximately $132,276,910.85. The trade was a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $85.08, for a total transaction of $4,254,000.00. Following the transaction, the director now owns 7,105,529 shares in the company, valued at approximately $604,538,407.32. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,860 shares of company stock worth $13,486,463 over the last quarter. Corporate insiders own 18.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Loews Stock Performance

Shares of Loews stock opened at $87.22 on Monday. Loews Co. has a fifty-two week low of $72.91 and a fifty-two week high of $88.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market capitalization of $18.57 billion, a P/E ratio of 13.63 and a beta of 0.80. The company’s 50 day moving average price is $85.23 and its two-hundred day moving average price is $83.07.

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

Loews Announces Dividend

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

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.