Capital Fund Management S.A. Raises Position in Loews Co. (NYSE:L)

Capital Fund Management S.A. boosted its holdings in Loews Co. (NYSE:L - Free Report) by 55.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,099 shares of the insurance provider's stock after acquiring an additional 13,216 shares during the period. Capital Fund Management S.A.'s holdings in Loews were worth $3,142,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at Loews

In other news, Director Jonathan M. Tisch sold 3,691 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $86.89, for a total value of $320,710.99. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jonathan M. Tisch sold 50,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $84.66, for a total value of $4,233,000.00. Following the sale, the director now owns 6,755,529 shares of the company's stock, valued at $571,923,085.14. The trade was a 0.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,327 shares of company stock worth $12,851,055 in the last quarter. 18.70% of the stock is owned by insiders.

Loews Trading Up 0.1 %

Loews stock traded up $0.07 during trading on Friday, hitting $85.27. The company's stock had a trading volume of 536,344 shares, compared to its average volume of 734,373. The stock's fifty day moving average is $85.90 and its 200 day moving average is $84.16. 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 1-year low of $73.15 and a 1-year high of $92.42. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 13.32 and a beta of 0.60.

Loews (NYSE:L - Get Free Report) last posted its quarterly earnings data 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Wednesday, February 26th. Loews's dividend payout ratio is currently 3.91%.

Analyst Ratings Changes

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

Loews Company 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.