Loews Co. (NYSE:L) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC decreased its position in shares of Loews Co. (NYSE:L - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,674 shares of the insurance provider's stock after selling 10,713 shares during the period. Brandywine Global Investment Management LLC owned 0.06% of Loews worth $11,236,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in L. Norges Bank acquired a new stake in shares of Loews during the fourth quarter worth about $623,493,000. Assenagon Asset Management S.A. raised 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 valued at $25,114,000 after acquiring an additional 229,965 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in 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 during the period. Boston Partners lifted its position in Loews by 16.9% during the 4th quarter. Boston Partners now owns 1,499,417 shares of the insurance provider's stock worth $126,983,000 after acquiring an additional 217,115 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Loews in the 4th quarter valued at approximately $12,727,000. Hedge funds and other institutional investors own 58.33% of the company's stock.

Insider Buying and Selling at Loews

In related news, Director Jonathan M. Tisch sold 3,691 shares of Loews stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.89, for a total transaction of $320,710.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan M. Tisch sold 47,636 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $84.88, for a total value of $4,043,343.68. Following the completion of the sale, the director now directly owns 6,705,529 shares in the company, valued at $569,165,301.52. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 151,327 shares of company stock valued at $12,851,055. 18.70% of the stock is owned by company insiders.

Loews Stock Performance

Shares of NYSE:L traded down $7.95 during midday trading on Friday, hitting $83.16. The stock had a trading volume of 1,259,253 shares, compared to its average volume of 723,181. The company has a market capitalization of $17.70 billion, a PE ratio of 12.99 and a beta of 0.80. Loews Co. has a 1 year low of $72.91 and a 1 year high of $92.42. The stock has a 50 day moving average price of $86.27 and a two-hundred day moving average price of $83.80. 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 (NYSE:L - Get Free Report) last announced 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 Announces Dividend

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

Analyst Ratings Changes

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.