Loews Co. (NYSE:L) Shares Sold by AGF Management Ltd.

AGF Management Ltd. decreased its holdings in shares of Loews Co. (NYSE:L - Free Report) by 22.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,136 shares of the insurance provider's stock after selling 8,520 shares during the period. AGF Management Ltd.'s holdings in Loews were worth $2,552,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Loews by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,611,751 shares of the insurance provider's stock worth $127,409,000 after purchasing an additional 8,615 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in shares of Loews during the fourth quarter valued at about $315,000. Intech Investment Management LLC lifted its position in shares of Loews by 8.0% during the third quarter. Intech Investment Management LLC now owns 137,566 shares of the insurance provider's stock valued at $10,875,000 after buying an additional 10,213 shares during the last quarter. Swedbank AB boosted its holdings in shares of Loews by 8.8% in the 3rd quarter. Swedbank AB now owns 379,647 shares of the insurance provider's stock valued at $30,011,000 after buying an additional 30,600 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Loews by 47.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 37,319 shares of the insurance provider's stock worth $2,950,000 after buying an additional 12,070 shares during the last quarter. Institutional investors own 58.33% of the company's stock.

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Loews Stock Up 1.2 %

NYSE:L traded up $1.06 during mid-day trading on Monday, hitting $87.48. 550,892 shares of the company's stock traded hands, compared to its average volume of 721,158. The company has a fifty day moving average of $84.75 and a 200 day moving average of $82.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. Loews Co. has a twelve month low of $72.91 and a twelve month high of $88.29. The company has a market capitalization of $18.62 billion, a P/E ratio of 13.67 and a beta of 0.80.

Loews (NYSE:L - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were issued 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 dividend yield of 0.29%. Loews's dividend payout ratio is currently 3.91%.

Insider Transactions at Loews

In other news, Director Andrew H. Tisch sold 7,533 shares of the stock in a transaction 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 owns 1,568,191 shares in the company, valued at $132,276,910.85. This represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan M. Tisch sold 50,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were 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 of the company's stock, valued at $604,538,407.32. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 158,860 shares of company stock worth $13,486,463. Company insiders own 18.70% of the company's stock.

Analyst Ratings Changes

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

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.