BI Asset Management Fondsmaeglerselskab A S Invests $258,000 in Loews Co. (NYSE:L)

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Loews Co. (NYSE:L - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 3,051 shares of the insurance provider's stock, valued at approximately $258,000.

Several other institutional investors also recently bought and sold shares of L. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Loews in the fourth quarter valued at approximately $26,000. Human Investing LLC acquired a new stake in Loews in the fourth quarter valued at $51,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Loews during the 3rd quarter worth $49,000. Graney & King LLC acquired a new position in shares of Loews during the 4th quarter worth $56,000. Finally, Intact Investment Management Inc. purchased a new position in shares of Loews in the 4th quarter valued at about $68,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Loews

In other news, Director Jonathan M. Tisch sold 50,000 shares of Loews stock in a transaction dated 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 completion of the sale, the director now directly owns 7,105,529 shares in the company, valued at $604,538,407.32. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jonathan M. Tisch sold 3,691 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $86.89, for a total transaction of $320,710.99. The disclosure for this sale can be found here. Insiders sold a total of 151,327 shares of company stock valued at $12,851,055 in the last ninety days. Corporate insiders own 18.70% of the company's stock.

Loews Price Performance

L stock traded up $0.68 during midday trading on Monday, hitting $85.95. 441,529 shares of the stock were exchanged, compared to its average volume of 732,400. The stock's 50-day moving average price is $86.11 and its 200-day moving average price is $84.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $18.08 billion, a price-to-earnings ratio of 13.43 and a beta of 0.60. Loews Co. has a fifty-two week low of $73.15 and a fifty-two week high of $92.42.

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

Loews Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were given a $0.0625 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.29%. Loews's dividend payout ratio is presently 3.91%.

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.