Amundi Grows Stock Position in Loews Co. (NYSE:L)

Amundi lifted its stake in Loews Co. (NYSE:L - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,012,829 shares of the insurance provider's stock after buying an additional 89,902 shares during the period. Amundi owned approximately 0.47% of Loews worth $84,602,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC purchased a new position in Loews during the 4th quarter valued at about $26,000. Brooklyn Investment Group purchased a new position in Loews during the 3rd quarter valued at about $40,000. Human Investing LLC purchased a new position in Loews during the 4th quarter valued at about $51,000. Wilmington Savings Fund Society FSB purchased a new position in Loews during the 3rd quarter valued at about $49,000. Finally, Assetmark Inc. increased its holdings in Loews by 117.2% during the 4th quarter. Assetmark Inc. now owns 832 shares of the insurance provider's stock valued at $70,000 after purchasing an additional 449 shares during the period. Hedge funds and other institutional investors own 58.33% of the company's stock.

Loews Stock Down 0.3 %

Shares of NYSE:L opened at $84.65 on Wednesday. The stock's 50-day moving average is $84.71 and its 200 day moving average is $82.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $18.02 billion, a PE ratio of 13.23 and a beta of 0.80. Loews Co. has a 1 year low of $72.91 and a 1 year high of $88.29.

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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 for the quarter. Loews had a return on equity of 8.04% and a net margin of 8.08%.

Loews Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.0625 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 annualized dividend and a yield of 0.30%. Loews's payout ratio is 3.91%.

Insider Buying and Selling at Loews

In other news, Director Jonathan M. Tisch sold 50,000 shares of the business'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 value of $4,254,000.00. Following the sale, the director now directly 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was 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. In the last three months, insiders have sold 61,224 shares of company stock valued at $5,210,120. 18.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Loews from a "buy" rating to a "hold" rating in a 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.

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