Blue Trust Inc. Has $98,000 Stock Holdings in Loews Co. (NYSE:L)

Blue Trust Inc. trimmed its position in Loews Co. (NYSE:L) by 50.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,162 shares of the insurance provider’s stock after selling 1,198 shares during the period. Blue Trust Inc.’s holdings in Loews were worth $98,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of L. Assenagon Asset Management S.A. increased its stake in Loews by 345.4% during 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Loews by 92.9% during 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 acquiring an additional 229,956 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Loews by 22.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 569,156 shares of the insurance provider’s stock worth $44,992,000 after acquiring an additional 105,810 shares in the last quarter. Barclays PLC grew its stake in shares of Loews by 13.1% during the 3rd quarter. Barclays PLC now owns 752,380 shares of the insurance provider’s stock worth $59,473,000 after acquiring an additional 87,259 shares in 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 in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Loews

In other Loews news, Director Charles M. Diker sold 1,146 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $86.83, for a total transaction of $99,507.18. Following the completion of the sale, the director now owns 19,906 shares of the company’s stock, valued at $1,728,437.98. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan M. Tisch sold 3,691 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total value of $320,710.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,370 shares of company stock valued at $1,055,627. 18.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Loews Price Performance

Shares of L opened at $82.72 on Friday. The stock has a market capitalization of $17.61 billion, a P/E ratio of 12.93 and a beta of 0.83. Loews Co. has a twelve month low of $72.91 and a twelve month high of $88.29. The company has a 50 day moving average of $84.37 and a 200-day moving average of $82.12. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50.

Loews (NYSE:L) last released 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.30%. 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.