Teachers Retirement System of The State of Kentucky Sells 1,458 Shares of Loews Co. (NYSE:L)

Teachers Retirement System of The State of Kentucky decreased its holdings in Loews Co. (NYSE:L) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,078 shares of the insurance provider’s stock after selling 1,458 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Loews were worth $1,119,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Able Wealth Management LLC bought a new stake in shares of Loews during the 4th quarter valued at $48,000. Ethic Inc. increased its position in shares of Loews by 3.0% during the fourth quarter. Ethic Inc. now owns 152,944 shares of the insurance provider’s stock valued at $10,643,000 after buying an additional 4,413 shares during the period. Unigestion Holding SA purchased a new stake in shares of Loews in the fourth quarter worth about $817,000. Connectus Wealth LLC bought a new position in shares of Loews in the fourth quarter valued at approximately $1,566,000. Finally, Vinva Investment Management Ltd boosted its position in shares of Loews by 118.6% in the fourth quarter. Vinva Investment Management Ltd now owns 27,359 shares of the insurance provider’s stock valued at $1,901,000 after acquiring an additional 14,845 shares during the period. Institutional investors own 58.33% of the company’s stock.

Insider Transactions at Loews

In other Loews news, insider Jonathan M. Tisch sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $77.39, for a total transaction of $3,869,500.00. Following the sale, the insider now owns 607,799 shares in the company, valued at $47,037,564.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 150,000 shares of company stock valued at $11,588,500 in the last quarter. Insiders own 18.70% of the company’s stock.

Loews Stock Performance

Loews stock opened at $76.56 on Monday. The firm’s 50 day simple moving average is $75.75 and its 200 day simple moving average is $74.10. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a 1-year low of $57.55 and a 1-year high of $78.55. The firm has a market capitalization of $16.95 billion, a PE ratio of 11.36 and a beta of 0.85.

Loews (NYSE:L) last announced its earnings results on Monday, May 6th. The insurance provider reported $2.05 earnings per share for the quarter. Loews had a return on equity of 9.45% and a net margin of 9.27%. The business had revenue of $4.23 billion for the quarter.

Loews Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $0.25 dividend on an annualized basis and a yield of 0.33%. Loews’s dividend payout ratio is presently 3.71%.

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.