Greenwood Capital Associates LLC Decreases Stock Holdings in Loews Co. (NYSE:L)

Greenwood Capital Associates LLC lowered its holdings in Loews Co. (NYSE:L) by 10.0% during the 4th quarter, Holdings Channel reports. The firm owned 9,051 shares of the insurance provider’s stock after selling 1,010 shares during the period. Greenwood Capital Associates LLC’s holdings in Loews were worth $767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of L. Assenagon Asset Management S.A. raised its holdings in shares of Loews by 345.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,538 shares of the insurance provider’s stock worth $25,114,000 after purchasing an additional 229,965 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of 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 buying an additional 229,956 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Loews by 22.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 569,156 shares of the insurance provider’s stock valued at $44,992,000 after buying an additional 105,810 shares during the period. Barclays PLC lifted its position in shares of Loews by 13.1% during the 3rd quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock valued at $59,473,000 after buying an additional 87,259 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Loews by 1.0% during the 3rd quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock worth $638,506,000 after acquiring an additional 82,581 shares during the period. Institutional investors own 58.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Loews from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th.

Loews Stock Up 0.5 %

L opened at $85.77 on Wednesday. Loews Co. has a 12 month low of $71.52 and a 12 month high of $87.45. The company has a market cap of $18.68 billion, a PE ratio of 11.39 and a beta of 0.83. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $84.72 and a 200 day moving average of $81.61.

Loews (NYSE:L) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.82 earnings per share for the quarter. The company had revenue of $4.47 billion during the quarter. Loews had a return on equity of 9.70% and a net margin of 9.71%.

Loews Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Wednesday, November 27th. Loews’s dividend payout ratio is presently 3.32%.

Insider Transactions at Loews

In other Loews news, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $83.26, for a total value of $4,163,000.00. Following the sale, the director now directly owns 11,939,677 shares in the company, valued at $994,097,507.02. This represents a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles M. Diker sold 1,146 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $86.83, for a total transaction of $99,507.18. Following the completion of the transaction, the director now directly owns 19,906 shares of the company’s stock, valued at approximately $1,728,437.98. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,679 shares of company stock valued at $11,134,916. 18.70% of the stock is currently owned by corporate insiders.

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.