Bryce Point Capital LLC Makes New Investment in Loews Co. (NYSE:L)

Bryce Point Capital LLC acquired a new stake in Loews Co. (NYSE:L - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 17,549 shares of the insurance provider's stock, valued at approximately $1,486,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA grew its position in shares of Loews by 20.5% in the third quarter. Glenmede Trust Co. NA now owns 5,605 shares of the insurance provider's stock valued at $443,000 after purchasing an additional 952 shares in the last quarter. Centiva Capital LP increased its stake in shares of Loews by 56.3% in the 3rd quarter. Centiva Capital LP now owns 11,071 shares of the insurance provider's stock worth $875,000 after acquiring an additional 3,987 shares during the last quarter. Holocene Advisors LP purchased a new position in shares of Loews during the 3rd quarter worth $821,000. Janus Henderson Group PLC boosted its position in shares of Loews by 33.2% during the 3rd quarter. Janus Henderson Group PLC now owns 25,249 shares of the insurance provider's stock valued at $1,996,000 after acquiring an additional 6,300 shares during the last quarter. Finally, Investment Management Corp of Ontario grew its holdings in shares of Loews by 47.1% in the third quarter. Investment Management Corp of Ontario now owns 6,244 shares of the insurance provider's stock valued at $494,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 58.33% of the company's stock.

Loews Trading Down 3.0 %

NYSE:L traded down $2.53 on Monday, reaching $80.59. The company's stock had a trading volume of 575,590 shares, compared to its average volume of 761,838. The firm has a market cap of $16.95 billion, a price-to-earnings ratio of 12.59 and a beta of 0.60. 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 Co. has a 12-month low of $72.91 and a 12-month high of $92.42. The stock has a 50 day moving average price of $86.27 and a 200 day moving average price of $83.84.

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

Loews Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date was Wednesday, February 26th. Loews's payout ratio is 3.91%.

Insiders Place Their Bets

In other news, Director Jonathan M. Tisch sold 47,636 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $84.88, for a total value of $4,043,343.68. Following the transaction, the director now owns 6,705,529 shares in the company, valued at approximately $569,165,301.52. This represents a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan M. Tisch sold 3,691 shares of the company's stock in a transaction 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 have sold 151,327 shares of company stock worth $12,851,055 over the last ninety days. Corporate insiders own 18.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of 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.