Loews Co. (NYSE:L) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its stake in Loews Co. (NYSE:L) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 216,975 shares of the insurance provider’s stock after selling 1,860 shares during the period. Sei Investments Co.’s holdings in Loews were worth $18,376,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its position in shares of Loews by 345.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider’s stock worth $25,114,000 after acquiring an additional 229,965 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Loews by 92.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,484 shares of the insurance provider’s stock worth $37,745,000 after purchasing an additional 229,956 shares during the last quarter. Boston Partners increased its stake in shares of 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 purchasing an additional 217,115 shares during the period. Amundi raised its holdings in shares of Loews by 9.7% during the fourth quarter. Amundi now owns 1,012,829 shares of the insurance provider’s stock valued at $84,602,000 after buying an additional 89,902 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Loews by 13.1% during the third quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock worth $59,473,000 after buying an additional 87,259 shares during the period. 58.33% of the stock is owned by institutional investors.

Insider Activity at Loews

In related news, Director Andrew H. Tisch sold 7,533 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $84.35, for a total value of $635,408.55. Following the sale, the director now directly owns 1,568,191 shares in the company, valued at $132,276,910.85. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan M. Tisch sold 50,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 7,105,529 shares of the company’s stock, valued at $604,538,407.32. The trade was a 0.70 % 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 over the last 90 days. 18.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Loews Stock Performance

Shares of L opened at $91.54 on Friday. The firm has a market capitalization of $19.48 billion, a PE ratio of 14.30 and a beta of 0.80. 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 firm has a 50-day moving average price of $85.69 and a 200 day moving average price of $83.30. Loews Co. has a 52-week low of $72.91 and a 52-week high of $91.75.

Loews (NYSE:L) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 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 disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Wednesday, February 26th. Loews’s dividend payout ratio is presently 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.